Outcome of Board Meeting held today i.e. May 21, 2026
INDOBORAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indo Borax & Chemicals Ltd reported strong FY2026 results with standalone revenue growing 22.93% to Rs. 21,545.11 lakhs from Rs. 17,526.11 lakhs in FY2025. Standalone PAT increased 18.76% to Rs. 4,973.97 lakhs, while consolidated PAT rose 18.27% to Rs. 5,026.98 lakhs. EPS (consolidated) improved from Rs. 13.25 to Rs. 15.67. The Board recommended a final dividend of Rs. 10 per share (1000%) and a special dividend of Rs. 30 per share (3000%), totaling Rs. 40 per share, subject to shareholder approval at the ensuing AGM. The company also appointed M/s. Shah Kapadia & Associates as internal auditor and re-appointed M/s. V. B. Modi & Associates as cost auditor for FY 2026-27. Statutory auditors issued an unmodified (clean) opinion with no qualifications. An emphasis of matter was noted regarding an inter-corporate deposit of Rs. 5.09 crores given to a party under corporate insolvency resolution, with the company having filed its claim as financial creditor awaiting NCLT decision.
Strong revenue and profit growth with clean audit opinion signals healthy operations. The special dividend payout demonstrates board confidence. However, the unresolved Rs. 5.09 crore exposure under IBC proceedings warrants monitoring for potential impact on future financials.