Borana Weaves Limited submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing serves as a continuation of the company's earlier intimation dated September 30, 2026, regarding delays in commissioning of its 9.9 MW Hybrid Power Project located at Kalikanagar, Gujarat.
The company received updated communication from the project developer, Clean Max Enviro Energy Solutions Limited, dated October 30, 2026, which revised the commissioning schedule. According to the revised timeline:
- The first WTG location along with the 7.65 MW solar component is tentatively expected to be commissioned before November 30, 2026
- The second WTG location is tentatively expected to be commissioned by December 31, 2026
- The third WTG location is tentatively expected to be commissioned by March 31, 2027
The further delay is attributed to factors beyond the control of the company and project developer, including:
- High wind speeds that halted WTG erection activities
- Heavy monsoon conditions at the project site, resulting in additional logistics-road work and rework
- Delays in obtaining required shutdowns of existing 33 kV and 11 kV lines from the private developer and GETCO/PGVCL for the 33 kV transmission-line work
The disclosure was signed by Ankur Mangilal Borana, Executive Director and Chief Executive Officer (DIN: 01091164) of Borana Weaves Limited, and included an enclosure of the Clean Max letter. The communication from Clean Max was signed by Kalpesh Kashinath Pawar, Sr. Manager Business Development, with contact number 9152524611.
Financial impact not quantified in the disclosure.