Indo Borax & Chemicals Limited has informed the Exchange about General Updates
INDOBORAX · price
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Indo Borax & Chemicals has announced a Postal Ballot process for its shareholders, with notices sent via email on July 25, 2025. The cut-off date to be eligible to vote was July 18, 2025. Four resolutions are being put to vote: three ordinary resolutions seeking approval for material related party transactions under Section 188 of the Companies Act, 2013, and one special resolution for approval under Section 180 of the Companies Act, 2013. The remote e-voting window opens on July 28, 2025 at 9:00 AM and closes on August 26, 2025 at 5:00 PM, with CDSL providing the e-voting platform. Mr. Mannish L. Ghia has been appointed as the scrutinizer to oversee the process. Voting results will be declared within two working days after the e-voting period ends.
Shareholders should review and vote on these resolutions, particularly the related party transactions and the Section 180 approval, as they relate to significant corporate decisions that could affect governance and future business dealings. The Postal Ballot outcome could influence the company's operational flexibility and its relationships with related parties.