Latest news about Indo Borax & Chemicals
Indo Borax & Chemicals
508.45
+13.35(+2.70%)
Company Performance:
View Company Insights1D+2.70%
1M+28.54%
6M+108.08%
1Y+110.15%
5Y0.00%
More news about Indo Borax & Chemicals
22Jul 26
Indo Borax & Chemicals approves amalgamation of wholly owned subsidiary
Indo Borax & Chemicals Ltd approved the amalgamation of its wholly owned subsidiary, Indoborax Infrastructure Private Limited, with itself to consolidate resources and simplify financial reporting. Approved on July 21, 2026, the scheme is subject to NCLT approval and will not change the listed entity's shareholding pattern. The merger aims to enhance operational efficiency, reduce compliance costs, and facilitate unified management.
13Jul 26
Indo Borax recommends ₹40 dividend, sets tax document deadline
Indo Borax & Chemicals Limited recommended a ₹40 per share dividend, split into a final dividend of ₹10 and a special dividend of ₹30, pending AGM approval on July 28, 2026. The company detailed TDS rates under the Income-tax Act, 2025, noting exemptions for resident shareholders with dividend income up to ₹10,000. Shareholders must submit required tax documents by July 20, 2026, to ensure correct tax deduction.
04Jul 26
Indo Borax fixes record date for ₹40 dividend
Indo Borax & Chemicals Ltd has fixed July 21, 2026, as the record date for a total dividend of ₹40 per share, comprising a final dividend of ₹10 and a special dividend of ₹30 for FY26. The dividend is subject to shareholder approval at the 45th AGM scheduled for July 28, 2026, via video conferencing. Remote e-voting is available from July 24 to July 27, 2026.
03Jul 26
Indo Borax FY26 net profit rises 18.3% to ₹50.27 crore
Indo Borax & Chemicals Limited reported a strong financial performance for FY26 with a consolidated net profit of ₹50.27 crore, an 18.3% increase. Revenue from operations rose 22.9% to ₹215.45 crore. The Board recommended a record dividend of ₹40 per share, comprising a final dividend of ₹10 and a special dividend of ₹30.
03Jul 26
Indo Borax fixes record date for dividend on July 21, 2026
Indo Borax & Chemicals Ltd has fixed July 21, 2026 as the record date to determine eligibility for the Final and Special Dividend for the financial year ended March 31, 2026. The payments are subject to approval at the 45th AGM scheduled for July 28, 2026. The Register of Members and Share Transfer Books will remain closed from July 22, 2026, to July 28, 2026, for the purpose of the AGM and dividend payment.
30Jun 26
Indo Borax & Chemicals grants 16.88 lakh ESOPs at Re. 1
Indo Borax & Chemicals Ltd granted 16,88,950 options to eligible employees under its Employees Stock Option Plan 2026. The options, priced at Re. 1 each, vest between one and five years and are convertible into fully paid-up equity shares.
06Jun 26
Indo Borax FY26 PAT rises 18.3% on strong demand
Indo Borax & Chemicals reported an 18.3% YoY increase in consolidated net profit to ₹50.27 crore for FY26, with operating revenue rising 22.9% to ₹215.45 crore. The board recommended a final dividend of ₹10 per share and a special dividend of ₹30 per share. Q4 net profit stood at ₹14.53 crore. Management attributed the growth to improved capacity utilization and higher realizations, noting a strategic shift under new ownership with plans for capacity expansion and entry into new product lines like Boron Oxide.
15May 26
Catalyst Trusteeship Limited Discloses Pledge Creation Over 24,44,534 Equity Shares of Indo Borax Chemicals Under SEBI SAST Regulations
Catalyst Trusteeship Limited disclosed the creation of a pledge over 24,44,534 equity shares (7.62%) of Indo Borax Chemicals Limited on May 12, 2026, under SEBI SAST Regulations. The pledge secures 39,000 non-convertible debentures of face value INR 1,00,000 each, aggregating INR 390,00,00,000, issued by Zenrock Chemicals Private Limited. Post-transaction, total shares encumbered with Catalyst Trusteeship Limited stand at 1,23,26,764, representing 38.42% of the company's total share/voting capital. The company's equity share capital remains unchanged at Rs. 3,20,90,000, comprising 3,20,90,000 equity shares of Rs. 1 face value each.
12May 26
Indo Borax & Chemicals Postal Ballot Results: All Four Resolutions Passed via Remote E-Voting
Indo Borax & Chemicals Limited successfully concluded its postal ballot remote e-voting process with all four resolutions—covering ESOP 2026 introduction, ESOP grant exceeding 1% of issued capital, investments beyond Section 186 limits, and commission to non-executive directors—passed with requisite majority. The e-voting ran from April 09, 2026 to May 08, 2026, with 17094723 votes polled representing 53.2712% of total outstanding shares across 20751 registered shareholders. The scrutinizer's report by CS Sandhya R. Malhotra of M/s. Manish Ghia & Associates confirmed all special resolutions received more than three times the votes in favour versus against.
04May 26
Zenrock Chemicals Completes Open Offer for Indo Borax & Chemicals, Acquires 24.45 Lakh Shares
Zenrock Chemicals Private Limited, along with persons acting in concert (PACs), has completed the open offer for Indo Borax & Chemicals Limited. The offer, managed by IIFL Capital Services Limited, opened on April 10, 2026, and closed on April 24, 2026, with an offer price of ₹256.30 per equity share. A total of 24,44,934 shares were tendered by public shareholders, all of which were accepted, resulting in a total consideration of ₹62,65,34,064.20. Following the open offer, the combined shareholding of the acquirer and PACs stands at 58.41% of the expanded voting share capital, while public shareholders retain 41.59%. The post-offer advertisement was published in Financial Express, Jansatta, and Navshakti on May 4, 2026, in compliance with SEBI (SAST) Regulations.
16Apr 26
Indo Borax & Chemicals Limited Shareholders Approve All Board Appointments Through Postal Ballot
Indo Borax & Chemicals Limited completed its postal ballot on April 15, 2026, with shareholders approving all 8 resolutions with overwhelming majority. Key appointments included Suresh Kalra as Managing Director & CEO and Harsh Malhotra as Executive Director, along with three independent directors. The e-voting process saw 52.24% participation from 21,047 total shareholders, demonstrating strong support for the company's board restructuring initiatives.
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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