Indo Borax & Chemicals Limited — Others, 21-07-2025: Shareholders meeting

Indo Borax & Chemicals is seeking shareholder approval via postal ballot to divest non-core assets to its Promoter/Promoter Group. The company proposes selling a residential property for INR 42.50 Cr, an office property for INR 14.00 Cr, and three vehicles for INR 5.52 Cr, totaling an aggregate sale consideration of INR 62.02 Cr. These transactions aim to unlock capital, improve financial health, and streamline the balance sheet. The office property will be leased back for INR 0.55 Cr annually to ensure business continuity. Management indicates these sales, being above fair market valuations, are beneficial for the company and its stakeholders.