Indo Borax & Chemicals Ltd has scheduled its 45th Annual General Meeting (AGM) for Tuesday, July 28, 2026, at 11:00 a.m. IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This virtual format allows shareholders to participate remotely, adhering to regulatory guidelines issued by the Ministry of Corporate Affairs and SEBI, including General Circular No. 03/2025 dated September 22, 2025.

The Notice of the AGM along with the Annual Report for FY 2025-26 will be dispatched electronically to members whose email addresses are registered with the company or its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, as on Friday, June 26, 2026. Physical copies of these documents will be sent only to those members who specifically request them. The documents will also be accessible on the company’s website and the websites of BSE Limited and National Stock Exchange of India Ltd. Additionally, letters are being sent to shareholders without registered email addresses, providing the weblink to access these documents.

E-Voting and Shareholder Participation

Shareholders holding securities in demat mode are permitted to vote through their demat accounts, following the SEBI Master Circular dated January 30, 2026. To facilitate this, members must ensure their mobile numbers and email addresses are updated with their Depository Participants. Members holding shares in physical form or those who have not registered their email addresses are also entitled to e-voting and other rights, provided they hold shares as of the cut-off date of Tuesday, July 21, 2026.

Dividend Payment Guidelines

The company stated that dividend payments will be made exclusively through electronic modes to members who have updated their bank account details. In cases where PAN, contact details, mobile numbers, bank account details, or specimen signatures are not updated for physical folios, dividend or interest payments will be processed electronically only after the Registrar and Share Transfer Agent receives all requisite information. These payments will be subject to tax deduction at source as per applicable rates.

Key AGM Details

Indo Borax & Chemicals Ltd has granted 16,88,950 stock options to eligible employees under its Employees Stock Option Plan 2026 (ESOP 2026). The options, approved by the Nomination and Remuneration Committee via a circular resolution on June 30, 2026, carry an exercise price of Re. 1 per share. This move aims to incentivize employees by offering them a stake in the company's growth at the face value of the equity shares.

The ESOP 2026 is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each option granted is convertible into one fully paid-up equity share with a face value of Re. 1. Consequently, the total number of equity shares covered by these options stands at 16,88,950. The exercise price determined by the committee ensures it is not less than the face value and does not exceed the market price as on the date of grant.

Vesting and Exercise Terms

The options granted under the plan will vest not earlier than one year and not later than five years from the date of grant. Exceptions to the one-year minimum vesting period apply in cases of death or permanent incapacity of the employee. Once vested, the options can be exercised during a period that expires upon the completion of a maximum exercise period of five years from the date of respective vesting, or any shorter period determined by the committee.

Shares arising from the conversion of these options will rank pari-passu with existing equity shares. Following allotment and credit to demat accounts, these shares will be freely transferable and not subject to any lock-in period restrictions. However, they will remain subject to insider trading regulations and the company's Code of Conduct.

Key Details of ESOP 2026

The Nomination and Remuneration Committee retains the discretion to adjust the number of options and the exercise price in the event of corporate actions such as stock splits, dividends, mergers, or changes in control of the company. The intimation regarding this grant has been submitted to the stock exchanges and is available on the company's website.