Key Quantitative Figures

  • Proposed borrowing limit: ₹400,00,00,000 (Rupees Four Hundred Crores Only)
  • Cut-off date for eligibility to vote: Friday, August 7, 2026
  • E-voting commencement: Wednesday, August 12, 2026 at 09:00 AM IST
  • E-voting conclusion: Thursday, September 10, 2026 at 05:00 PM IST

Parties Involved

  • E-voting service provider: MUFG Intime India Private Limited
  • Scrutinizer: CS Sandhya Malhotra (Membership No.: FCS 6715), Partner at M/s. Manish Ghia & Associates
  • Compliance Officer: Pravin Chavan, Company Secretary & Compliance Officer (Membership No.: A16857)
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited

Voting Process Details

The Postal Ballot is being conducted through remote e-voting only, with no physical ballot forms being sent. Notice is being sent electronically to all members whose email addresses are registered with the Company/Depositories/Depository Participants as of the cut-off date.

The e-voting facility will be available through MUFG Intime India Private Limited's platform. Members can vote using various methods including NSDL OTP-based login, NSDL IDeAS facility, CDSL e-voting page, or through their Depository Participant's website.

Special Business Item

Item No. 1: Approval of Borrowing Limits under Section 180(1)(c) of Companies Act, 2013

The company seeks shareholder approval to authorize the Board of Directors to borrow money exceeding the aggregate of paid-up share capital, free reserves and securities premium, up to a maximum limit of ₹400 crore.

The borrowing may be availed from banks, financial institutions, mutual funds, or any other persons/firms/bodies corporate through loans, credit facilities (fund-based or non-fund-based), or issuance of bonds, debentures or other debt instruments, with or without security as the Board deems fit.

Purpose and Rationale

The increased borrowing limit is required to fund the company's strategic expansion plans including:

  • Expanding current production capacities
  • Modernizing existing infrastructure
  • Investing in new technology frameworks
  • Meeting working capital requirements

The company states this will provide necessary financial flexibility to meet business requirements and avail financing opportunities as they arise.

Result Declaration and Disclosure

The results of the Postal Ballot will be declared within two working days from the conclusion of the e-voting period (September 10, 2026). Results will be displayed on the company's notice board at its registered office and hosted on the company website (www.indoborax.com), simultaneously intimated to the stock exchanges.

Additional Information

  • The explanatory statement confirms that no directors, KMPs, or their relatives are financially interested in the resolution beyond their shareholding, if any.