Indo Borax & Chemicals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
INDOBORAX · price
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Awaiting price reaction for this filing.
Indo Borax & Chemicals Limited has announced the results of its postal ballot that concluded on August 26, 2025, with results declared on August 28, 2025. A total of 25,793 shareholders were on the cut-off date (July 18, 2025), and four resolutions were put to vote. Three ordinary resolutions for approval of material related party transactions under Section 188 of the Companies Act, 2013 were passed with 99.40% votes in favour (20,44,127 for vs 12,270 against). One special resolution under Section 180 of the Companies Act, 2013 (related to borrowing powers) was passed with 99.93% in favour (1,81,38,357 for vs 11,970 against). Promoter and promoter group were interested in all resolutions and did not cast votes on the three related party transaction resolutions, but voted 100% in favour on the special resolution. The scrutinizer, CS Mannish L Ghia of M/s. Manish Ghia & Associates, certified the results.
All four resolutions passed comfortably with over 99% approval, indicating strong shareholder support for the company's related party transactions and borrowing-related proposals. This is a routine procedural clearance with no material governance concern, and is unlikely to have a significant impact on the stock price.