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
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Indo Borax & Chemicals Limited conducted a postal ballot via remote e-voting from March 17 to April 15, 2026. All 8 resolutions were passed with overwhelming shareholder approval. The votes cast totaled 16.76 million shares (52.24% of outstanding shares). Key appointments include Mr. Suresh Kalra as Managing Director and CEO (Special Resolution - 99.29% in favour), Mr. Harsh Malhotra as Executive Director (Ordinary Resolution - 99.29% in favour), and three new Independent Directors: Ms. Prajnaparamita Sarkar, Mr. Parameswaranpillai Naga Prasad, and Mr. Rakesh Kumar Shrivastava (all Special Resolutions with 99.9997% in favour). Promoter group voted 100% in favour across all resolutions.
All director appointments have been approved with near-unanimous support, indicating strong shareholder confidence in the company's board composition changes. This is a routine governance matter with no immediate material impact on stock price.