Company Disclosure
Borana Weaves Limited (Scrip Code: 544404, ISIN: INE16SF01016) has received formal approval under the Production Linked Incentive (PLI) Scheme for Textiles.
Approval Details
The Company received a Letter of Approval from the Ministry of Textiles, Government of India, dated July 18, 2026 (Reference No: 12014/03/2024-MMF). The approval inducts Borana Weaves Limited as a participant company under the Production Linked Incentive (PLI) Scheme for Textiles - Round 3 (PLI-Textiles).
Scheme Participation Details
- Segment: MMF Fabrics segment
- Category: Part-2 category as per Scheme guidelines
- Selection Date: Company was initially selected vide letter dated June 16, 2026
- Confirmation Date: Company confirmed participation via letter dated June 19, 2026
- Project Structure: Company will set up a separate project unit under participant company
Conditions and Limitations
The approval is subject to several conditions:
1. Participant must abide by provisions of the PLI Scheme & Guidelines, as amended
2. Approval may be cancelled if any submitted information is found incorrect or misleading
3. Approval does not guarantee disbursement of incentives
4. Incentive disbursement dependent on verification of:
- Cumulative new domestic investment
- Turnover of notified products
- Calculation of value addition
- Receipt of incentive claims
- Determination of applicable incentive
- Other criteria specified in Scheme guidelines
Signatories and Dates
- Ministry Signatory: Bhaskar Kalra, Under Secretary to Govt. of India
- Company Signatory: Ankur Mangilal Borana, Executive Director and CEO (DIN: 01091164)
- Disclosure Date: July 2, 2026
- Approval Letter Date: July 18, 2026