Indo Borax & Chemicals Limited has informed the Exchange regarding Outcome of Board Meeting held on February 25, 2026.
INDOBORAX · price
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Indo Borax & Chemicals Limited's Board of Directors met on February 25, 2026 and approved the appointment of Mr. Shashikant Bharuka as the new Chief Financial Officer (Key Managerial Personnel) effective March 06, 2026. Mr. Bharuka is a qualified Chartered Accountant and Company Secretary with over 24 years of post-qualification experience in finance and accounts. He has previously worked at Lupin Limited, Unichem Laboratories Limited, Ajanta Pharma, and IPCA Laboratories. The Board also approved a draft Postal Ballot Notice seeking shareholder approval for the proposed resolutions, which will be sent to shareholders shortly.
The appointment of an experienced CFO from reputed listed pharma companies like Lupin and Unichem may be viewed positively by investors as it strengthens the company's finance leadership. Shareholders will get a chance to vote on related resolutions through the postal ballot process.