Indo Borax & Chemicals Limited — Board Meeting, 21-07-2025: Outcome of Board Meeting

Indo Borax & Chemicals Ltd. board has approved a significant asset sale totalling Rs 62.02 crore. The company plans to sell a residential property (Rs 42.50 Cr), an office premise (Rs 14.00 Cr), and three luxury cars (Rs 5.52 Cr). These assets will be sold to entities within the promoter/promoter group. The strategic move aims to divest non-core holdings, which contributed minimally to recent income. Shareholder approval via postal ballot is now required for the transaction.