Indo Borax & Chemicals Ltd has fixed Tuesday, July 21, 2026, as the record date to determine shareholder eligibility for the payment of Final Dividend and Special Dividend for the financial year ended March 31, 2026. The dividend payments are subject to the approval of shareholders at the ensuing 45th Annual General Meeting (AGM). The Register of Members and Share Transfer Books will remain closed from Wednesday, July 22, 2026, to Tuesday, July 28, 2026, for the purpose of the AGM and dividend payment.

The company has scheduled its 45th AGM for Tuesday, July 28, 2026, at 11:00 a.m. IST via Video Conferencing. The Notice of the AGM and the Annual Report for FY 2025-26 will be dispatched electronically to members with registered email addresses, while physical copies will be sent only upon request. Shareholders holding securities in demat mode may vote through their accounts, and those with physical shares are entitled to e-voting rights. Dividend payments will be made exclusively through electronic modes to members with updated bank details.

Key AGM and Book Closure 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.