Outcome of Board Meeting

The Board of Indo Borax & Chemicals Limited approved shifting the company's registered office within Mumbai and a scheme of amalgamation of its wholly owned subsidiary, Indoborax Infrastructure Private Limited, into the company. The amalgamation requires approval from the NCLT Mumbai Bench and other regulatory authorities. As the subsidiary is wholly owned, the transaction is exempt from related-party provisions and does not need a no-objection letter from the stock exchanges. No change in share capital is anticipated from the merger. The steps are intended to streamline the corporate structure.