Indo Borax & Chemicals Limited has published newspaper advertisements on March 17, 2026, informing shareholders about the postal ballot notice and remote e-voting facilities, following the dispatch of postal ballot notice on March 16, 2026. The company published advertisements in The Free Press Journal (English) and Navshakti (Marathi) newspapers as part of regulatory compliance under SEBI regulations.

Regulatory Compliance and Publication Details

The newspaper advertisements were published pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Pravin Chavan communicated the publication to stock exchanges on March 17, 2026.

Key Leadership Appointments

The postal ballot includes several significant executive appointments that will shape the company's future direction:

Mr. Suresh Kalra brings 25 years of extensive experience in chemical and allied industries, having previously served as CEO at Aquapharm Chemical Limited and in senior roles at Hubergroup Germany and SI Group (USA). His appointment as Managing Director and CEO is proposed for a five-year term starting January 23, 2026.

Board Composition Changes

The company is seeking approval for expanding its board with new director appointments:

E-Voting Process and Timeline

The postal ballot process is conducted entirely through remote e-voting, with MUFG Intime India Private Limited serving as the e-voting service provider:

The results will be announced within two working days of the e-voting conclusion and will be available on stock exchange websites and the company's website at www.indoborax.com . The advertisements are also available on the company's website for shareholder reference.

Indo Borax & Chemicals has officially announced the appointment of Shashikant Bharuka as its Chief Financial Officer through a board resolution passed on February 25, 2026. The appointment, which takes effect from March 06, 2026, was approved based on recommendations from both the Audit Committee and Nomination and Remuneration Committee.

Board Meeting Outcome

The company's Board of Directors convened on February 25, 2026, from 11:44 a.m. to 12:30 p.m. to deliberate on key organizational matters. The primary agenda included the strategic appointment of Bharuka as Chief Financial Officer and Key Managerial Personnel, along with approval of a draft postal ballot notice for seeking shareholders' approval on proposed resolutions.

Professional Qualifications and Experience

Bharuka brings substantial credentials to his new role, holding dual qualifications as both a Chartered Accountant (CA) and Company Secretary (CS). His professional journey spans over 24 years of post-qualification experience in finance and accounts management, primarily within public listed companies.

Comprehensive Skill Set

His expertise encompasses multiple critical areas including accounting and audit management, financial reporting, accounts finalization, tax compliances, cost savings initiatives, payroll management, control design, and system implementation. Additionally, he has demonstrated proficiency in process improvement, automation initiatives, business support, and stakeholder management.

Career Trajectory

Bharuka's professional background reflects extensive experience across prominent pharmaceutical companies. His most recent tenure was with Lupin Limited, where he focused on corporate accounts, payable and receivable management, and auditor relations. He has resigned and is currently serving his notice period at Lupin.

International Experience

During his tenure at Unichem Laboratories Limited, Bharuka managed the consolidation of foreign subsidiaries across multiple international markets including the USA, South Africa, and Brazil. This global exposure adds valuable international financial management perspective to his role at Indo Borax & Chemicals.

Regulatory Compliance

The appointment follows proper corporate governance protocols, with the company filing the necessary disclosures under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The board also approved a draft postal ballot notice for seeking shareholders' approval on proposed resolutions, which will be dispatched to shareholders in due course. The detailed disclosure was submitted to both BSE Limited (Stock Code: 524342) and National Stock Exchange of India Ltd (Stock Code: INDOBORAX).