Latest news about Indo Borax & Chemicals
Indo Borax & Chemicals
322.65
-1.70(-0.52%)
Company Performance:
View Company Insights1D-0.52%
1M+26.80%
6M+32.83%
1Y+72.40%
5Y+118.15%
More news about Indo Borax & Chemicals
09Apr 26
IIFL Capital Announces Tendering Period Start for Indo Borax Open Offer at ₹256.30
IIFL Capital Services Limited has announced the commencement of the tendering period on April 10, 2026, for Zenrock Chemicals' open offer to acquire 83,43,400 equity shares (26% stake) in Indo Borax & Chemicals at ₹256.30 per share. The Independent Directors Committee has recommended the offer as fair and reasonable, while the underlying transaction involving 50.80% stake acquisition was completed on January 23, 2026.
09Apr 26
Indo Borax & Chemicals Dispatches Postal Ballot Notice for ESOP 2026 and Key Corporate Resolutions
Indo Borax & Chemicals Limited dispatched postal ballot notice on April 8, 2026, seeking shareholder approval for Employee Stock Option Plan 2026 with 16,88,950 options, enhancement of investment limits to ₹700 crores under Section 186, and director commission framework. E-voting period runs from April 9-May 8, 2026, with results by May 12, 2026.
08Apr 26
Indo Borax & Chemicals Ltd Submits SEBI Compliance Certificate for Q4FY26
Indo Borax & Chemicals Ltd submitted its Q4FY26 certificate under SEBI Regulation 74(5) for the quarter ended 31st March, 2026. The certificate, issued by registrar MUFG Intime India Private Limited on 3rd April, 2026, confirms compliance with dematerialisation processes and securities handling requirements. Company Secretary Pravin Chavan submitted the certificate to BSE and NSE on 8th April, 2026, maintaining the company's regulatory compliance obligations.
07Apr 26
Indo Borax Corrects CSR Committee Composition in Board Meeting Revision
Indo Borax & Chemicals Limited issued a revision correcting the Corporate Social Responsibility Committee composition from its April 06, 2026 board meeting outcome. The corrected committee is chaired by Mr. Suresh Kalra with members Mr. Sunil Malhotra, Ms. Prajnaparamita Sarkar, and Mr. Harsh Malhotra. The original board meeting had approved ESOP 2026 implementation covering 16,88,950 options, policy adoptions for SEBI compliance, and shareholder approval processes.
17Mar 26
Indo Borax & Chemicals Publishes Postal Ballot Ads Following Director Appointments
Indo Borax & Chemicals Limited published mandatory newspaper advertisements on March 17, 2026, in The Free Press Journal and Navshakti newspapers, informing shareholders about the postal ballot notice for director appointments. The company is seeking approval for key leadership positions including Managing Director & CEO Mr. Suresh Kalra with annual salary of Rs. 3,50,00,000, and four independent directors. The e-voting period runs from March 17 to April 15, 2026, with results to be announced within two working days.
25Feb 26
Indo Borax Board Approves Shashikant Bharuka as CFO Effective March 2026
Indo Borax & Chemicals has appointed Shashikant Bharuka as Chief Financial Officer effective March 06, 2026, following board approval on February 25, 2026. The qualified CA and CS brings over 24 years of post-qualification experience from prominent pharmaceutical companies including Lupin Limited, Unichem Laboratories, Ajanta Pharma, and IPCA Labs, with expertise spanning financial reporting, audit management, and international consolidation across USA, South Africa, and Brazil subsidiaries.
10Feb 26
Zenrock Chemicals Pledges 30.80% Stake in Indo Borax & Chemicals to Secure Debt
Zenrock Chemicals Private Limited has created a pledge over its complete promoter holding of 98,82,230 equity shares (30.80%) in Indo Borax & Chemicals Limited to secure debt availed by the promoter. The encumbrance was created in favor of Catalyst Trusteeship Limited, representing multiple institutional lenders including India Special Asset Fund III, ISAF III Offshore Fund, and Special Situation Fund, with formal disclosure made under SEBI SAST Regulation 31.
23Jan 26
Indo Borax & Chemicals Ltd Completes Major Ownership Transfer and Board Restructuring
Indo Borax & Chemicals Ltd completed transfer of 1,63,00,230 equity shares (50.80% stake) to new investors on January 23, 2026, marking end of erstwhile promoter group control. The company underwent comprehensive board restructuring with appointment of new Managing Director Mr. Suresh Kalra, Executive Director Mr. Harsh Malhotra, and three independent directors, while several existing directors resigned. All major board committees were reconstituted to align with the new ownership structure.
23Jan 26
Indo Borax & Chemicals Completes Share Purchase Agreement Transfer of 50.80% Equity Stake
Indo Borax & Chemicals Ltd completed a major share purchase agreement on January 23, 2026, involving transfer of 1,63,00,230 equity shares (50.80% stake) from promoter group members to institutional investors including Zenrock Chemicals Private Limited and various investment funds. The transaction results in promoter group de-classification and change of control, executed in compliance with SEBI regulations.
20Jan 26
Indo Borax & Chemicals Amends Framework Agreement to Include Additional Promoter Group Member
Indo Borax & Chemicals Limited executed an amendment agreement on January 20, 2026, to include Mr. Saumya Sajal Jain as an additional purchaser in its framework agreement with promoter group members. The purchasers collectively hold approximately 47.25% of the company's share capital, and the transaction qualifies as a related party transaction conducted at arm's length. The amendment follows previous intimations and relates to a residential property transaction referenced in the company's postal ballot notice.
16Jan 26
Indo Borax Q3FY26: Revenue Growth of 9.33% But EBITDA Margin Compresses to 20.98%
Indo Borax & Chemicals announced Q3FY26 results showing revenue growth of 9.33% to ₹41.02 crores and net profit increase of 2.15% to ₹9.11 crores. However, EBITDA declined 11.55% to ₹8.61 crores with margin compression to 20.98% from 25.97%. The Board approved results on January 16, 2026, with plant maintenance and new labour codes impacting performance.
22Dec 25
Indo Borax & Chemicals Limited Receives Open Offer from Zenrock Chemicals for 83.43 Lakh Shares
Zenrock Chemicals Private Limited and associates have launched an open offer to acquire up to 83,43,400 equity shares (50% of expanded voting share capital) of Indo Borax & Chemicals Limited at ₹256.30 per share. The total consideration is approximately ₹213.88 crores. This follows a Share Purchase Agreement to acquire 50% of the existing voting share capital. IIFL Capital Services Limited is managing the offer, which requires no statutory approvals.
13Dec 25
Indo Borax Executes Framework Agreement for ₹62.02 Crore Asset Sale
Indo Borax & Chemicals Limited has successfully executed a framework agreement for the sale of non-core assets worth ₹62.02 crores to promoter group members, including residential property, office premises, and luxury vehicles. The transaction, conducted at arm's length basis, received all necessary approvals from audit committee, board, and shareholders through postal ballot, with the framework agreement finalized on December 13, 2025.
11Nov 25
Indo Borax & Chemicals Reports Strong Q2 Performance with Rs 1,609.06 Lakh Net Profit
Indo Borax & Chemicals Ltd reported a net profit of Rs 1,609.06 lakhs for Q2 2025, up from Rs 902.87 lakhs in Q2 2024. Total income rose to Rs 6,119.11 lakhs from Rs 4,201.33 lakhs. The company recorded exceptional items of Rs 934.72 lakhs from the sale of office premises. For the half-year, net profit increased to Rs 2,612.59 lakhs from Rs 2,288.83 lakhs. The Board of Directors approved these results on November 11, 2025.
20Sept 25
Indo Borax & Chemicals Limited to Delist from Calcutta Stock Exchange, Retains BSE and NSE Listings
Indo Borax & Chemicals' Board of Directors has approved the voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE), while maintaining listings on BSE and NSE. The decision, made in a board meeting on September 20, aligns with SEBI regulations and does not require an exit opportunity for shareholders. The company will seek necessary approvals and issue a public notice as per regulatory requirements. This move aims to streamline the company's stock exchange presence without affecting trading on major national exchanges.
28Aug 25
Indo Borax & Chemicals Shareholders Overwhelmingly Approve Key Resolutions in Postal Ballot
Indo Borax & Chemicals Limited announced results of its postal ballot, concluding on August 26, 2025. Shareholders overwhelmingly approved three ordinary resolutions for material related party transactions with 99.40% votes in favor. A special resolution under Section 180 of the Companies Act and SEBI Regulation 37A passed with 99.93% approval. The voting process, overseen by CS Mannish L Ghia, saw participation from 25,793 shareholders. Promoter and promoter group showed 100% support, while public non-institutional shareholders voted 99.40% in favor.
31Jul 25
Indo Borax & Chemicals Launches Commercial Dispatches of Boron Oxide from Pithampur Facility
Indo Borax & Chemicals Limited (IBCL) has begun commercial dispatches of Boron Oxide, a value-added product, from its Pithampur, Madhya Pradesh facilities. The company announced this development to BSE and NSE on July 31, 2025. This strategic move into value-added offerings is expected to diversify IBCL's product portfolio and potentially open new market opportunities. The company's Company Secretary & Compliance Officer, Pravin Chavan, confirmed the commencement of initial commercial dispatches.
09Jun 25
Indo Borax & Chemicals Unveils ₹20 Crore Investment Plan for New Boron Oxide Facility
Indo Borax & Chemicals Ltd plans to expand its product portfolio with a new high-value Boron Oxide offering, scheduled for launch in July 2025. The company is investing ₹20.00 crores to establish a new production facility in Indore with an annual capacity of 4,000 MTPA. This expansion will be funded entirely through internal accruals, demonstrating the company's strong financial position. The strategic move aims to diversify the product range, tap into higher-margin segments, and enhance competitiveness in the specialty chemicals market.
13May 25
Indo Borax & Chemicals Reports Mixed Q4 Results: Revenue Up, Profits Down
Indo Borax & Chemicals Ltd. released Q4 financial results showing a 10.11% increase in revenue to ₹501.00 crore. However, profitability declined with EBITDA falling to ₹102.00 crore from ₹116.00 crore, and net profit decreasing to ₹101.00 crore from ₹113.00 crore year-over-year. The EBITDA margin also dropped to 20.36% from 25.49%, indicating challenges in maintaining profit margins despite revenue growth.
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