Indo borax & chemicals Ltd has fulfilled its quarterly regulatory obligations by submitting the mandatory certificate under SEBI (Depositories and Participants) Regulations, 2018 for Q4FY26. The submission demonstrates the company's commitment to maintaining compliance with securities market regulations.

Regulatory Compliance Details

The certificate submission covers the quarter ended 31st March, 2026, as required under Regulation 74(5) of SEBI regulations. Company Secretary and Compliance Officer Pravin Chavan signed the submission letter on 8th April, 2026, ensuring timely compliance with regulatory deadlines.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's registrar and transfer agent. The registrar issued the compliance certificate confirming proper handling of dematerialisation processes during the quarter.

Sr. Vice President-Corporate Registry Ashok Shetty signed the certificate on behalf of MUFG Intime India Private Limited. The certificate confirms that securities received from depository participants for dematerialisation were properly processed and that all regulatory timelines were met.

Stock Exchange Notifications

The company submitted the certificate to both major Indian stock exchanges where its shares are listed:

Certificate Confirmation

The registrar's certificate confirms several key compliance aspects:

• Securities received for dematerialisation were confirmed to depositories within prescribed timelines
• Security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners
• All processes followed SEBI regulatory requirements

This quarterly submission represents standard regulatory compliance for listed companies, ensuring transparency in securities handling and dematerialisation processes. The company maintains its registered office at 302, 3rd Floor Link Rose Building, Linking Road, Santacruz (West), Mumbai.

Indo Borax & Chemicals Limited issued a revision to its Board of Directors meeting outcome on April 07, 2026, correcting an inadvertent error in the Corporate Social Responsibility Committee composition disclosed in the original April 06, 2026 board meeting announcement. The company clarified that the error was purely clerical in nature, with no changes to other matters disclosed in the original outcome.

Original Board Meeting Outcomes

The Board of Directors held a comprehensive meeting on April 06, 2026, from 11:30 a.m. to 12:55 p.m., approving several key corporate governance and employee benefit initiatives. The meeting addressed strategic matters including employee stock options, policy adoptions, and committee restructuring in compliance with regulatory requirements.

ESOP 2026 Implementation Approved

The board approved the introduction and implementation of the Indo Borax & Chemicals Limited Employee Stock Option Plan – ESOP 2026, based on recommendations from the Nomination and Remuneration Committee. The scheme aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and requires shareholder approval for final implementation.

The ESOP 2026 objectives include rewarding employee performance, sharing company-created wealth with eligible employees, and motivating continuous contribution to growth and profitability.

Pricing and Exercise Framework

The options will be granted at an exercise price determined by the Nomination and Remuneration Committee, with specific parameters ensuring regulatory compliance. Key pricing guidelines include exercise price not less than face value of equity shares, exercise price not exceeding Fair Market Value on grant date, and compliance with accounting policies under SBEB Regulations.

Policy Adoptions and Compliance Updates

The board adopted comprehensive policies ensuring compliance with SEBI regulations and listing requirements. The adopted policies include Code of practices and procedures for fair disclosure of Unpublished Price Sensitive Information (UPSI), Code of conduct for regulating, monitoring, and reporting trading under SEBI (Prohibition of Insider Trading) Regulations, 2015, and Code of fair disclosure practices and policy on determination of legitimate purpose.

Corrected CSR Committee Composition

The company issued a revision on April 07, 2026, correcting the Corporate Social Responsibility Committee composition that was incorrectly mentioned in the original board meeting outcome. The corrected composition reflects the accurate leadership structure for enhanced CSR oversight and implementation.

Shareholder Approval Process

The board approved the draft Postal Ballot Notice for seeking shareholders' approval on proposed resolutions. The notice will be submitted to stock exchanges and dispatched to shareholders following due process, ensuring proper shareholder consultation on significant corporate decisions, particularly the ESOP 2026 implementation.

The meeting outcomes reflect Indo Borax & Chemicals Limited's strategic focus on employee engagement, regulatory compliance, and structured corporate governance while maintaining transparency and regulatory adherence.