Indo Borax & Chemicals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
INDOBORAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indo Borax & Chemicals Limited conducted a Postal Ballot via remote e-voting from April 9, 2026 to May 8, 2026. All four resolutions were passed with overwhelming shareholder approval. The company approved the introduction of an Employee Stock Option Plan (ESOP 2026) and permitted grant of stock options exceeding 1% of issued capital to identified employees. Shareholders also authorized the company to make investments, loans, and provide guarantees beyond the limits specified under Section 186 of the Companies Act, 2013. Additionally, commission payments to non-executive directors (excluding MD and WTD) were approved. Out of 32.09 million total shares, 17.09 million votes (53.27%) were polled, with promoters voting unanimously in favour on all resolutions.
All resolutions passed with strong promoter support and significant margin. The ESOP scheme signals alignment of employee and shareholder interests, while the investment limits approval provides operational flexibility. No immediate share price impact expected as these are routine governance approvals.