Pursuant to the regulation 44 of the SEBI (LODR) Regulations, 2015, please find herewith the details regarding voting results of the business transacted through postal ballot by way of ....
INDOBORAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indo Borax & Chemicals Ltd conducted a postal ballot via remote e-voting from April 9 to May 8, 2026, with 4 resolutions passed. The key resolutions include: (1) Introduction of ESOP 2026 plan for employees - passed with 99.31% votes in favor (16.98 million votes); (2) Grant of stock options exceeding 1% of issued capital to identified employees - also passed with 99.31% favor; (3) Approval for investments, loans, guarantees and security beyond Section 186 limits - passed with 99.31% favor; (4) Payment of commission to non-executive directors - passed with overwhelming 99.9985% favor (17.09 million votes). Total voter turnout was 53.27% of outstanding shares (17.09 million out of 32.09 million). Promoter group voted 100% in favor on all resolutions. Public institutional investors showed some opposition (48.81% favor on Resolutions 1-3) but were outweighed.
All resolutions passed with strong shareholder support. The ESOP plan will help attract and retain talent. The investment limit approval gives the company flexibility for future acquisitions or inter-corporate transactions. Director commission approval ensures proper compensation for non-executive directors.