Indo Borax & Chemicals Limited has informed the Exchange about Shareholders meeting
INDOBORAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indo Borax & Chemicals announced the results of its Postal Ballot on August 28, 2025, with all four resolutions approved by shareholders with strong majority. Three ordinary resolutions on Material Related Party Transactions under Section 188 of the Companies Act were passed with 99.40% votes in favour (20,44,127 votes for vs 12,270 against). One special resolution under Section 180 of the Companies Act and Regulation 37A (likely related to raising of funds or power to borrow) was passed with 99.93% in favour (1,81,38,357 votes for vs 11,970 against). The e-voting window ran from July 28 to August 26, 2025. The promoter group declared interest in all resolutions and voted in favour of the special resolution. Scrutinizer CS Mannish L Ghia of M/s. Manish Ghia & Associates certified the results. Out of 25,793 shareholders on record, voter turnout was about 6.4% for the ordinary resolutions and 56.6% for the special resolution.
Shareholders have formally cleared related party transactions where promoters had a declared interest, reducing future governance risk. The very high approval margins indicate little public dissent, though low turnout on the ordinary resolutions means results were driven mainly by promoter votes. No immediate stock price catalyst expected — this is a procedural clearance.