Indo Borax & Chemicals Limited has initiated a postal ballot process for its shareholders to vote on several key proposals. The notice for this postal ballot, along with instructions for remote e-voting, has been dispatched on April 8, 2026, to members whose email addresses are registered and whose names appear on the register as of the cut-off date, April 3, 2026. This process is being conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, utilizing only remote e-voting. The shareholders will be asked to consider and approve the introduction and implementation of the "Indo Borax & Chemicals Limited Employee Stock Option Plan – ESOP 2026". This plan allows for the creation, issuance, and allotment of up to 16,88,950 Employee Stock Options (ESOPs), convertible into equity shares. Additionally, shareholders will vote on granting ESOPs equal to or exceeding 1% of the issued capital to identified employees. Another significant proposal is to approve investments, loans, and guarantees up to an aggregate sum of ₹700 crore. This is in excess of the limits specified under Section 186 of the Companies Act, 2013, requiring shareholder approval. Shareholders will also vote on the payment of remuneration by way of commission to Directors (other than the Managing Director and Whole-time Director) for a period of five years, commencing April 1, 2026, within an overall ceiling of 1% of the company's net profits. The remote e-voting period will commence on April 9, 2026, at 9:00 AM IST and conclude on May 8, 2026, at 5:00 PM IST. The results of the postal ballot are expected to be declared on or before May 12, 2026, and will be published on the company's website and intimated to the stock exchanges.
