Indo Borax & Chemicals Annual General Meeting
Indo Borax & Chemicals Limited announced successful shareholder approval for its 2026 ESOP plan and investment limits via postal ballot. All four resolutions passed with requisite majorities.
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Indo Borax & Chemicals Limited announced successful shareholder approval for its 2026 ESOP plan and investment limits via postal ballot. All four resolutions passed with requisite majorities.
Zenrock Chemicals Private Limited acquired 24,44,534 equity shares (7.62% stake) of Indo Borax & Chemicals Limited via an Open Offer. This transaction increased the promoter group's total shareholding from 50.80% to 58.41%.
Zenrock Chemicals Pvt Ltd, part of the promoter group, acquired 24,44,534 equity shares (7.62% stake) of Indo Borax & Chemicals Limited through an Open Offer. This acquisition, completed on April 30, 2026, increases the promoter group's total holding from 50.80% to 58.41%, reflecting strengthened promoter control.
Indo Borax & Chemicals Limited announced the results of its postal ballot conducted via remote e-voting. All eight resolutions, including the appointments of Mr. Suresh Kalra and Mr. Harsh Malhotra, were passed with requisite majorities. The voting period concluded on April 15, 2026, with the Scrutinizer's Report confirming the outcomes.
Zenrock Chemicals Private Limited has announced a mandatory open offer to acquire 83,43,400 shares (26% stake) of Indo Borax & Chemicals Limited at ₹256.30 per share. The total offer size is ₹2138.41 Crore. The tendering period is scheduled from April 10, 2026, to April 24, 2026.
Indo Borax & Chemicals Limited has issued a Postal Ballot notice to shareholders. Key resolutions include the introduction of the 'ESOP 2026' plan and increasing limits for inter-corporate loans and investments under Section 186. Voting concludes on May 8, 2026, with the results to be announced subsequently.
Indo Borax & Chemicals Limited issued a postal ballot notice seeking shareholder approval for its ESOP 2026 plan and an increase in investment/loan limits to ₹700 Crore. The e-voting period runs from April 9 to May 8, 2026. These measures aim to reward employees and provide financial flexibility for long-term business expansion.
Indo Borax & Chemicals Ltd submitted its compliance certificate for the quarter ended March 31, 2026. The registrar, MUFG Intime India, confirmed that share certificates received for dematerialisation were processed and listed on the exchanges within prescribed timelines.
Indo Borax & Chemicals Limited issued a revised board meeting outcome to correct a clerical error regarding the CSR Committee's composition. The revised committee includes Mr. Suresh Kalra as Chairman. No other material changes were made to the original April 06, 2026, disclosure.
Zenrock Chemicals and PACs have announced a ₹213.84 Crore open offer to acquire a 26% stake in Indo Borax & Chemicals Limited at ₹256.30 per share. This follows an agreement to acquire a 50.80% controlling stake for ₹417.77 Crore. The acquirer will be reclassified as the new promoter upon completion.
Indo Borax & Chemicals Ltd board approved the 'ESOP 2026' scheme, covering up to 16,88,950 equity shares, subject to shareholder approval. The board also adopted new insider trading codes and reconstituted its CSR Committee. A postal ballot will be conducted to seek shareholder consent for these resolutions.