Indo Borax & Chemicals Limited — JV/Acquisition, 21-07-2026: Amalgamation/Merger

Indo Borax & Chemicals is merging with its wholly-owned subsidiary, Indoborax Infrastructure. This move aims to streamline group structure, boost operational efficiency, and simplify financial reporting. As Indoborax Infrastructure is fully owned, no new shares will be issued by Indo Borax, meaning zero dilution for existing shareholders. Indoborax Infrastructure, with a Net Worth of ₹22.44 Cr and Total Income of ₹0.71 Cr, is much smaller than Indo Borax (Net Worth ₹384.27 Cr, Total Income ₹230.17 Cr). The merger requires necessary approvals.