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 conducted via remote e-voting, with the last date of voting being August 26, 2025. A total of 4 resolutions were put to vote, of which 3 were ordinary resolutions seeking approval for material related party transactions under Section 188 of the Companies Act, 2013, and 1 was a special resolution under Section 180 of the Companies Act, 2013. The promoter and promoter group were interested in all resolutions. Resolutions 1 to 3 were passed with 99.40% votes in favor (20,44,127 valid votes) and 0.60% against (12,270 votes). Resolution 4 was passed with an overwhelming 99.93% votes in favor (1,81,38,357 votes) and just 0.07% against (11,970 votes). The scrutinizer, Mr. Mannish L Ghia, confirmed that all resolutions were approved with the requisite majority, and the results were announced on August 28, 2025.
The approval of material related party transactions indicates the company has secured shareholder consent for transactions with related parties, which is a routine compliance requirement. All resolutions passed with strong majority support (over 99%), suggesting no significant shareholder dissent. This is largely a procedural/regulatory filing with no major financial impact on the stock price.