Borana Weaves Board approved the financial results for the quarter, reporting revenue of 100.84 Cr and profit of 16.48 Cr.

It also greenlit Unit 4 expansion with 192 looms and 3 texturizing machines, aiming for December production via internal accruals.

Remuneration for three key directors was increased to Rs 1.5 lakh/month each, pending shareholder nod.