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.

Indo Borax & Chemicals Limited (IBCL) has marked a significant milestone in its operations by initiating commercial dispatches of Boron Oxide, a value-added product, from its manufacturing facilities in Pithampur, Madhya Pradesh. The company made this announcement to the stock exchanges BSE and NSE on July 31, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

New Product Launch

Boron Oxide, the newly introduced product, represents IBCL's strategic move into value-added offerings. This development is expected to diversify the company's product portfolio and potentially open up new market opportunities.

Facility Details

The commercial dispatches are originating from IBCL's manufacturing facilities located in Pithampur, Madhya Pradesh. This industrial town is known for its strategic location and infrastructure, which could potentially benefit the company's distribution network.

Management Statement

In the official intimation to the stock exchanges, Pravin Chavan, Company Secretary & Compliance Officer of Indo Borax & Chemicals Ltd, stated, "Indo Borax & Chemicals Limited has commenced initial commercial dispatches of value added product 'Boron Oxide' from its manufacturing facilities located at Pithampur (M.P.)."

Market Impact

While it's too early to quantify the financial impact of this new product line, the commencement of commercial dispatches signals the company's readiness to enter new markets and potentially enhance its revenue streams.

About Indo Borax & Chemicals Limited

Indo Borax & Chemicals Limited is listed on both the BSE and the National Stock Exchange. The company's registered office is located at 302, 3rd Floor, Link Rose Building, Linking Road, Santacruz (West), Mumbai - 400054, India.

Investors and market watchers will likely keep a close eye on future announcements from IBCL to gauge the performance and market reception of its new Boron Oxide product line.