Re-appointment of M/s. V.B. Modi & Associates, Cost Accountants, as Cost Auditor of the Company for the FY 2026-27.
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 net profit of Rs. 4,973.97 lakhs, up 18.8% from Rs. 4,188.20 lakhs in FY2025. Revenue from operations grew 22.9% to Rs. 21,545.11 lakhs. The Board recommended a final dividend of Rs. 10 per share (1000%) and a special dividend of Rs. 30 per share (3000%), both subject to shareholder approval at the 45th AGM. Operating cash flow was healthy at Rs. 7,572.74 lakhs. The auditors issued an unmodified (clean) opinion with no qualifications. The company disclosed an Rs. 5.09 crore inter-corporate deposit given to a party under insolvency resolution, which is being pursued as a financial creditor under IBC code. The Nomination and Remuneration Committee was reconstituted with Ms. Prajnaparamita Sarkar as Chairperson.
Positive signals include strong profit growth, clean audit opinion, and generous dividend recommendations totaling Rs. 40 per share. The stressed loan exposure of Rs. 5.09 crore is a minor concern but is being actively pursued for recovery.