This disclosure, made pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the outcomes of the Board of Directors meeting held on May 26, 2026, at the company's registered office in Dombivli (E), Thane, Maharashtra. The meeting commenced at 03:15 PM and concluded at 05:00 PM.

Key Decisions and Approvals:

1. Financial Results Approval:

The Board considered and approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026, along with the Audit Reports of the Auditors (Annexure-1).

2. Auditor's Opinion Declaration:

A declaration pursuant to Regulation 33(3)(d) was made, confirming that the Statutory Auditors issued an Audit Report with an unmodified opinion on the Audited Standalone and Consolidated Financial Results for the year ended March 31, 2026 (Annexure-2).

3. Dividend Recommendation:

The Board recommended a Final Dividend of 10% i.e., Re. 0.50 (Fifty Paisa) per equity share on the face value of Rs. 5/- each for the financial year ended March 31, 2026. This recommendation is subject to the approval of members in the ensuing 33rd Annual General Meeting (33rd AGM).

4. Auditor Re-appointments:

  • Cost Auditor: Re-appointment of M/s. Gangan & Company, Cost Accountants, as Cost Auditor for the financial year 2026-27 (Annexure-3). The firm is described as experienced in Cost Audit, Introduction of Cost Auditing System, GST, Income Tax, etc.
  • Internal Auditor: Re-appointment of M/s. V. V. Rane & Co., Chartered Accountants, as Internal Auditor for the financial year 2026-27 (Annexure-4). The firm is described as having expertise in Accounts, Finance, Internal Audit, Statutory Audit, and Taxation.

5. Management Re-appointment:

Re-appointment of Mrs. Bharati Vijay Palkar (DIN: 00136185) as Whole-Time Director of the Company for a further period of 3 years with effect from July 20, 2026, subject to the approval of members of the Company (Annexure-5). Her profile notes a Bachelor of Science degree, over 27 years of industry experience, and service as a Director since 1994. She is a Promoter of the Company, the spouse of Vijay Palkar (Managing Director), mother of Rahul Palkar (Joint Managing Director), and mother-in-law of Mrs. Tejaswini Dalvi (Non-Executive Director). The Nomination and Remuneration Committee and the Board verified that she is not debarred from holding the office of Director pursuant to any SEBI order or other authority.

6. Employee Stock Option Plan (ESOP) Grant:

Based on the approval of the Nomination and Remuneration Committee, the Board granted 5,60,000 (Five Lakh Sixty Thousand) Stock Options under the Indo Amines Limited Employee Stock Option Plan 2025 to eligible employees (Annexure-6). The scheme is in terms of SEBI (SBEB) Regulations, 2021.

Key ESOP Terms:

  • Exercise Price: Rs. 10/- (Rupees Ten only) per Stock Option.
  • Vesting Period: Minimum 1 year, extending up to 5 years from the date of grant.
  • Exercise Period: Maximum of 1 year from the date of vesting of each option.
  • Vesting Schedule: Options will vest in 5 installments:
  • 10% after 12 months from grant date.
  • 15% after 24 months from grant date.
  • 20% after 36 months from grant date.
  • 25% after 48 months from grant date.
  • 30% after 60 months from grant date.