Borana Weaves Invests ₹1 Crore in Attero Recycling for Strategic Growth
Borana Weaves Limited's Board approved a ₹1 Crore strategic investment in Attero Recycling Private Limited. The investment targets the e-waste and lithium-ion battery recycling sector. The board meeting took place on January 3, 2026.
The investment amount of ₹1 Crore is significant for Borana Weaves Limited and represents a strategic expansion into a new industry, which could have a medium-term impact on its business operations and future growth.
The investment in Attero Recycling is a strategic move that is expected to contribute to the company's growth, indicating a positive outlook.
Borana Weaves Limited announced today, January 3, 2026, that its Board of Directors has approved a strategic investment of ₹1,00,00,000 (Rupees One Crore only) in Attero Recycling Private Limited. The board meeting commenced at 02:30 PM and concluded at 02:43 PM at the company's registered office in Surat.
This investment is aimed at strategic growth and is in the e-waste & lithium-ion battery recycling industry. The transaction is not a related party transaction, and Attero Recycling Private Limited is the counterparty. The mode of investment is cash, and the exact percentage of shareholding or control acquired will be determined post-completion. The company has stated that the expected date of completion will be within timelines permitted under applicable laws.
The outcome of the board meeting and financial results are available on the company's website and the websites of the National Stock Exchange of India Limited and BSE Limited.
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Borana Weaves Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Borana Weaves Limited. Read the original for the full detail.