Borosil Renewables Limited has informed the stock exchanges about the start of a voluntary insolvency process for its wholly owned subsidiary in Germany, Geosphere Glassworks GmbH. The company shared that the insolvency application was filed by Geosphere’s Managing Director on December 22, 2025, before the insolvency court in Cottbus, Germany. Borosil Renewables received formal intimation of this development on the afternoon of December 23, 2025, and disclosed the information in line with SEBI Listing Regulations.
This step comes in the backdrop of the ongoing insolvency proceedings of GMB Glasmanufaktur Brandenburg GmbH, which is a step-down subsidiary of Borosil…