Shareholders meeting

INDO BORAX & CHEMICALS LTD. Regd. Office: 302, 3rd Floor Link Rose Building, linking Road, Santacruz <Westl, Mumbai - 400054, India. Ph.: 022 26499142 / 47 / 49 • Fax No. 022-26489143 • CIN: L24100MH19BOPLC023177 Email: info@indoborax.com • Website: www.indoborax.com July 02, 2026 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex Mumbai - 400001 Bandra (E), Scrip Code: 524342 Mumbai -400051 Symbol: TNDOBORAX Dear Sir/Madam, Subject: Notice convening the 45th Annual General Meeting(" AGM") of the lndo Borax & Chemicals Limited ("the Company") will be held on Tuesday, July 28, 2026 and Submission of Annual Report of the Company for the financial year 2025-2026. With reference to the above captioned subject, we wish to inform you that the 45th Annual General Meeting (" AGM") of the members of Indo Borax & Chemicals Limited ("the Company") will be held on Tuesday, July 28, 2026 at 11:00 a.m. (IST) through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM") in accordance with the relevant circulars issued by Ministry of Corporate Affairs ("MCA") and Securities and Exchange Board of India ("SEBI"). Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), as amended from time to time, please find enclosed the Annual Report of the Company for the financial year ended March 31, 2026, which is being sent through an email to those members of the Company whose email addresses are registered with the Company/Depository Participant(s). Further, in accordance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company will be sending a letter to those shareholders whose e-mail IDs are not registered with Company /DPs/RT A, providing the web link including the exact path from where the Annual Report can be accessed. The Annual Report for the financial year 2025-26 is also being uploaded on the Company's website at www.tndoborax.com. Kindly take the above on your records. Thanking you, Yours Faithfully, For lndo Borax & Chemicals Limited Pravin Chavan Company Secretary and Compliance Officer Membership No: A16857 Encl:A/a lndoBorax& Chemicals Ltd • • • "Think Boric Acid, Think of us." Company Overview - Products & Team 8: 8: USf NtO HO OKS BORIC ACID l.P. POWDER I ·~' 0 It PURfT't : 99.5 -1001' ~·,':"'• t..:~- - - NETT WT. : 50 KGS INDOBORAX& CHEMICALS LTD. PITHAMPUR ( M.P.1- IHOIA. Board Of Directors Mr Suresh Kalra Mr Harsh Malhotra Mr Sunll Malhotra Managing Director & CEO Executive Director Non-executive Director Ma. Prajnaparamlta Mr.Praaad Mr. Rakesh Kumar sart<ar Parameswaranplllal Shrlvastava Independent Director Naga Independent Director Independent Director INDO BORAX & CHEMICALS l ~fESSAGE FROM THE MANAGING DIRECTOR & CEO Dear Shareholders, FY 202.S-26 marlc.s the beginning of a new chapter in the history of Indo Borax & Chemicals Limited. Following the acquisition of controlling stake led by 7.enroclc Chemicals, a new leadenbip team assumed responsibility for guiding this remarkable 45-year-<>ld institution into its next phase of growth. Over the past year, we have focused on widerstanding the strengths lb.at have made lndo Borax a leader in its industry, while laying the foundation for a more ambitious and future-ready organisation. What we discovered was a company built on exceptionally strong fundamentals-market-leading products, enduring customer relationships, a debt-free balance sheet, and a dominant position in the Indian Boric Acid market Y ct, our greaiest souroe of confidence lies not in these achievements alone, but in the commitment, expertise, and integrity of our people.A cross our manufacturing facility, offices, and customet touchpoints, we witnessed a culture of ownership and dedication that has been nurtw'ed over decades. It is this collective strength thatwillcontinuetodriveoursuccessintheyearsahead. I am pleased lo report that FY 2025-26 was a year of strong financial performance. Operating revenue grew by 22.9% to Rs. 215.45 crore, while consolidated net profit increased by 18.3% to Rs. S0.27 crore, Earnings per share reached Rs. 15.67, the highest level in the last three years. Despite geopolitical uncertainties and volatility in raw material markets, EBITDA and PAT margins remained robust at approximately 20.5% and 21.8%, respectively. Our performance accelerated further in lhe fourth quarter, with revenue growing 25.7% and net profit rising 41.9% year-on-year, These results reflect the resilience of our business model, the cffcctivc:ncss of our operating discipline, and the trust that customers continue to place in lndo Borax. TheBoardwaspleasedtorewardsharebolderslhroughatolaldividendofRs.40pershare.comprisingaFinalDividend of Rs. 10 per share and a Special Dividend of Rs. 30 per share arising from the monetisation of non-core assets. This represents the highest dividend payout in the Company's history and reflects our commitmentt o sharing the benefits of oursuccesswithallstakeholdttswhilemaintainingastrongbalancesheettosupportfururegrowth. As a chemical manufacturing company, we recognise lhat openlional excellence begins wilh safety. The wellbeing of our employees, contractors, and SUlTOWldingc ommllllilies remains our highest priority and is fundamental to the way we conduct business. During the year, we strengthened our focus on process safety, preventive maintenance, operational discipline,a nd workforce training. while advancing antomation initiatives across critical areas of the plant Our objective is clear: to build a workplace where safety is embedded in every decision, every process, and every action. We believe that sus••ioable growth can only be aclUeved when safety, environmental stewardship, and operational performance advance together. Lookingahead,ourgrowthslrategyisancborcdonfourclearprioriJies.Firswt,e willcontinuecoexpandandstrengthen our leadership position in Boric Acid through capacity enhancement and operational improvements. Second, we are investing approximately Rs. 20 crore in a new Boron Oxide facility at Pithampur with a planned capacity of 4,000 MTP A, enabling us to move further up the value chain into higher-margin Boron chemistry products. Third, we will expand our international footprint, with a particular focus on opportunities across South America and South-East Asia. Finally, we will increase our investment in research and development lo create specialised boron-based solutions for advanced materials, Oame retardants, specialty agriculture,a nd other emerging applications. Our vision is bold but grounded: to transform Indo Borax from India's leading Boric Acid manufacturer into a diversified Boron chemistry company of global relevance. The Indian Boric Acid market is projected to grow at 8% CAGR through 2030, and the structural tailwinds of Atmanirbhar Bharat and Make in India place us at the centre of an ========= INDO BORAX&CHEMICALS LTD exciting national story. We see a future where Boron chemistry-in steel, glass, agriculture, advanced materials, and beyond - touches more industries, more lives, and more geographies than ever before. We have the heritage, the balance sheet, the products, and above all, the people to make that future real. It is only the beginning- and the best is yet to come. On behalf of the Board and the leadership team, I thank all our stakeholders for their continued trust and support Together, we look forward to building a safer, stronger, and more sustainable future for IndoBorax With warm regards, SureshKalra Managing Director & CEO, Indo Borax & Chemicals Limited Mumbai. 2l"May,2026 ~===============f3~================ Key Indicators sates (Ra. In Lakha) 21,496.93 21,545.11 19,190.30 17,541.89 17,526.11 FY 2021-22 FY2022-23 FY2023-24 FY 2024-25 FY2025-26 Earning Per Share (In Rs.) 15.70 15.50 FY2021-22 FY2022-23 F [Showing first 8,000 characters — download PDF for full document]