Appointment of M/s. Shah Kapadia & Associates, as Internal Auditor of the Company for the FY 2026-27.
INDOBORAX · price
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Indo Borax & Chemicals Ltd reported strong FY2025-26 results with standalone revenue of Rs 21,545 lakh (up ~23% YoY) and net profit of Rs 4,974 lakh (up ~19% YoY). The Board recommended a final dividend of Rs 10 per share (1,000%) plus a special dividend of Rs 30 per share (3,000%), totalling Rs 40 per share, subject to shareholder approval at the 45th AGM. Key appointments include M/s. Shah Kapadia & Associates as Internal Auditor and re-appointment of M/s. V. B. Modi & Associates as Cost Auditor for FY 2026-27. The Nomination and Remuneration Committee (NRC) was reconstituted with Ms. Prajnaparamita Sarkar as Chairperson. The company has an Emphasis of Matter related to a Rs 5.09 Cr inter-corporate deposit given to a party under IBC resolution process; statutory auditors issued an unmodified opinion.
Strong financial performance with multi-fold dividend rewards shareholders. The NRC reconstitution and auditor appointments indicate continued governance focus. The unresolved IBC matter regarding the inter-corporate deposit warrants monitoring.