Indo Borax & Chemicals , a prominent player in the chemical industry, has announced a significant change in its stock market presence. The company's Board of Directors has approved a proposal for the voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE), while maintaining its listings on the BSE Limited and National Stock Exchange of India Limited (NSE).

Board Meeting Details

The decision was made during a board meeting held on September 20, which commenced at 12:15 p.m. and concluded at 1:00 p.m. The company's move aligns with Regulation 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021, which allows for delisting without requiring an exit opportunity for shareholders, as the shares will continue to be traded on other major exchanges.

Regulatory Compliance and Next Steps

Indo Borax & Chemicals has taken steps to ensure full compliance with regulatory requirements:

1. The Board has authorized the company to make necessary applications to the concerned stock exchange.
2. The company will seek requisite approvals from regulatory, governmental, and third-party entities as required.
3. A public notice will be issued in compliance with Regulation 6(2) of the SEBI Delisting Regulations.

Impact on Shareholders

It's important to note that this delisting will not affect the company's presence on the BSE and NSE, where its shares will continue to be traded. Shareholders can still buy and sell shares of Indo Borax & Chemicals on these major exchanges.

Company Information

Indo Borax & Chemicals, with its registered office at 302, 3rd Floor, Link Rose Building, Linking Road, Santacruz (West), Mumbai - 400054, operates under the CIN: L24100MH1980PLC023177.

This strategic move by Indo Borax & Chemicals to streamline its stock exchange listings while maintaining its presence on major national exchanges reflects the company's efforts to optimize its market positioning and potentially reduce compliance costs associated with multiple listings.

Indo Borax & Chemicals Limited, a prominent player in the chemical industry, has announced the results of its recent postal ballot, revealing strong shareholder support for several crucial resolutions. The voting process, conducted through remote e-voting, concluded on August 26, 2025, with the results declared on August 28, 2025.

Material Related Party Transactions Approved

Shareholders of Indo Borax & Chemicals Limited have given their stamp of approval to three ordinary resolutions concerning material related party transactions. These resolutions, falling under Section 188 of the Companies Act, 2013, and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, received an overwhelming 99.40% votes in favor.

Special Resolution Passes with Near-Unanimous Support

A special resolution under Section 180 of the Companies Act, 2013, and SEBI Regulation 37A also received strong backing from shareholders. An impressive 99.93% of votes were cast in favor of this resolution, demonstrating the shareholders' confidence in the company's proposed actions.

Voting Process and Participation

The postal ballot process, overseen by CS Mannish L Ghia of M/s. Manish Ghia & Associates as the scrutinizer, saw participation from the company's diverse shareholder base. Indo Borax & Chemicals Limited has a total of 25,793 shareholders, as per the cut-off date of July 18, 2025.

Voting Details

The voting results revealed interesting patterns across different shareholder categories:

It's noteworthy that while the public non-institutional shareholders showed strong support, the promoter and promoter group demonstrated unanimous approval for the special resolution.

Transparency and Compliance

In line with regulatory requirements, Indo Borax & Chemicals Limited will display the voting results along with the Scrutinizer's Report on the company's noticeboard at its Registered Office. Additionally, the results will be posted on the company's website ( www.indoborax.com ) and the website of Central Depository Services (India) Private Limited ( www.evotingindia.com ).

The successful passage of these resolutions marks a significant milestone for Indo Borax & Chemicals Limited, potentially paving the way for important business transactions and strategic moves in the near future. The high approval rates across all resolutions indicate strong shareholder alignment with the company's proposed actions and overall direction.