Indo Borax Board Approves Amalgamation Scheme

Indo Borax & Chemicals Ltd announced that its Board of Directors has approved a Scheme of Amalgamation involving IndoBorax Infrastructure Private Limited. The amalgamation is part of a consolidation strategy within the group, aiming to streamline the group structure, enhance management focus, and improve operational efficiency through resource pooling and cost reduction. The Transferor Company, IndoBorax Infrastructure Private Limited, is a wholly-owned subsidiary of the Transferee Company, Indo Borax & Chemicals Ltd. The transaction is considered a related party transaction but is stated to be at arm's length. The meeting commenced at 11:45 a.m. and concluded at 12:31 p.m. on July 21, 2026.