Indo Borax & Chemicals Limited has initiated remote e-voting for its postal ballot, allowing shareholders to cast their assent or dissent on proposed resolutions electronically. The voting window opens on Wednesday, August 12, 2026, at 09:00 A.M. and concludes on Thursday, September 10, 2026, at 05:00 P.M., providing investors with a four-week period to participate in the corporate governance process.

The company dispatched the Postal Ballot Notice dated July 29, 2026, along with an Explanatory Statement pursuant to Section 102 of the Companies Act, 2013, exclusively through electronic mode on Tuesday, August 11, 2026. Eligibility to vote is determined by the Register of Members and List of Beneficial Owners maintained by depositories as of Friday, August 7, 2026. Individuals not listed as members on this cut-off date are advised to treat the notice for informational purposes only.

Link Intime India Private Limited (LIIPL) has been engaged to facilitate the e-voting system. The e-voting module will be disabled immediately after the conclusion of the voting period, preventing any further votes. Shareholders who have not registered or updated their email addresses with their Depository Participants are urged to do so promptly to ensure access to future communications and voting facilities.

The Board of Directors appointed Mr. Manish Baldeva, Proprietor of M/s. M Baldeva Associates (Membership No. FCS: 6715) and Partner at M/s. Manish Ghia & Associates, as the Scrutinizer. His role is to ensure the remote e-voting process is conducted fairly and transparently. If approved, the resolutions will be deemed passed on the last date of e-voting, September 10, 2026.

Results of the postal ballot will be declared by the Chairman or an authorized representative within two working days following the conclusion of e-voting. The results, accompanied by the Scrutinizer’s Report, will be published on the company’s website, the Bombay Stock Exchange, the National Stock Exchange of India Limited, and the e-voting agency’s portal. For queries regarding electronic voting, members may contact Mr. Rajiv Ranjan at Link Intime or the Company Secretary at complianceofficer@indoborax.com .

Key Dates and Details

Regulatory Framework

The postal ballot process is conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The procedure also adheres to Secretarial Standard - 2 on General Meetings issued by the Institute of Company Secretaries of India and relevant Ministry of Corporate Affairs circulars, including General Circular No. 03/2025 dated September 22, 2025.

Indo Borax & Chemicals reported a significant improvement in its financial performance for the quarter ended June 30, 2026, with standalone net profit rising 62% year-on-year to ₹162.5 crore. The growth was primarily driven by a 31% increase in revenue from operations to ₹703.6 crore and an expansion in EBITDA margins, reflecting strong operational efficiency and demand for its chemical products.

The Board of Directors, at its meeting held on August 10, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Bohra & Co., pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the Board approved a draft Postal Ballot Notice to seek shareholders' approval for proposed resolutions, which will be dispatched in due course.

Strong Revenue and Margin Expansion

Indo Borax & Chemicals' revenue from operations increased to ₹703.6 crore in Q1FY27 from ₹535.7 crore in the corresponding quarter of the previous year. This top-line growth was accompanied by a substantial improvement in profitability metrics. The company's profit from operations before exceptional items and tax (EBITDA) rose to ₹220.0 crore from ₹141.5 crore YoY. Consequently, the EBITDA margin expanded significantly, indicating better cost management and operational leverage during the period.

The following table summarises the key financial metrics for the quarter on a year-on-year basis:

Bottom Line Reflects Operational Strength

The standalone net profit for the quarter stood at ₹162.5 crore, compared to ₹100.4 crore in Q1FY26. This 62% jump in bottom-line performance underscores the company's ability to translate higher revenues into stronger profits. The earnings per share (EPS) also increased to ₹5.07 from ₹3.13 in the year-ago quarter. Consolidated net profit mirrored this trend, rising to ₹162.5 crore from ₹102.0 crore YoY.

What the Numbers Show

The divergence between revenue growth (31%) and EBITDA growth (55%) highlights a notable improvement in operating margins. This margin expansion suggests that Indo Borax & Chemicals is benefiting from either favorable product mix pricing or effective control over input costs. With total comprehensive income reaching ₹184.8 crore, the company demonstrates robust overall financial health, supported by stable other comprehensive income components.

Corporate Developments

In addition to the financial results, the Board approved the Scheme of Amalgamation of its wholly-owned subsidiary, Indoborax Infrastructure Private Limited, with the parent company. This scheme is subject to requisite statutory and regulatory approvals, including those from the National Company Law Tribunal (NCLT). The amalgamation aims to streamline operations and enhance governance efficiency within the group structure.