Indo Borax & Chemicals Limited Approves ESOP 2026 Implementation and Policy Adoptions

Indo Borax & Chemicals Limited's Board of Directors held a comprehensive meeting on April 06, 2026, approving several key corporate governance and employee benefit initiatives. The meeting, conducted from 11:30 a.m. to 12:55 p.m., addressed strategic matters including employee stock options, policy adoptions, and committee restructuring in compliance with regulatory requirements.

ESOP 2026 Implementation Approved

The board approved the introduction and implementation of the Indo Borax & Chemicals Limited Employee Stock Option Plan – ESOP 2026, based on recommendations from the Nomination and Remuneration Committee. The scheme aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and requires shareholder approval for final implementation.

Parameter: Details Total Options: 16,88,950 options Convertible Shares: 16,88,950 equity shares Face Value: Re. 1/- per share Vesting Period: 1-5 years from grant date Exercise Period: 5 years from vesting date

The ESOP 2026 objectives include rewarding employee performance, sharing company-created wealth with eligible employees, and motivating continuous contribution to growth and profitability. The scheme seeks to align rewards with value creation while attracting and retaining talent in competitive market conditions.

Pricing and Exercise Framework

The options will be granted at an exercise price determined by the Nomination and Remuneration Committee, with specific parameters ensuring regulatory compliance. The pricing structure maintains fairness while providing meaningful employee benefits.

Key Pricing Guidelines:

Exercise price not less than face value of equity shares

Exercise price not exceeding Fair Market Value on grant date

Compliance with accounting policies under SBEB Regulations

NRC discretion in price determination within regulatory bounds

Policy Adoptions and Compliance Updates

The board adopted comprehensive policies ensuring compliance with SEBI regulations and listing requirements. These policy updates demonstrate the company's commitment to transparent governance and regulatory adherence.

Adopted Policies:

Code of practices and procedures for fair disclosure of Unpublished Price Sensitive Information (UPSI)

Code of conduct for regulating, monitoring, and reporting trading under SEBI (Prohibition of Insider Trading) Regulations, 2015

Code of fair disclosure practices and policy on determination of legitimate purpose

These policies supersede earlier versions and are being uploaded to the company website at www.indoborax.com for stakeholder access.

Corporate Social Responsibility Committee Reconstitution

The board reconstituted the Corporate Social Responsibility Committee with new leadership structure to enhance CSR oversight and implementation.

Position: Member Name Chairperson: Ms. Prajnaramita Sarkar Member: Mr. Suresh Kalra Member: Mr. Harsh Malhotra Member: Mr. Sunil Malhotra

Shareholder Approval Process

The board approved the draft Postal Ballot Notice for seeking shareholders' approval on proposed resolutions. The notice will be submitted to stock exchanges and dispatched to shareholders following due process. This step ensures proper shareholder consultation on significant corporate decisions, particularly the ESOP 2026 implementation.

The meeting outcomes reflect Indo Borax & Chemicals Limited's strategic focus on employee engagement, regulatory compliance, and structured corporate governance. These initiatives position the company for enhanced stakeholder value creation while maintaining transparency and regulatory adherence.

Indo Borax & Chemicals Limited has published newspaper advertisements on March 17, 2026, informing shareholders about the postal ballot notice and remote e-voting facilities, following the dispatch of postal ballot notice on March 16, 2026. The company published advertisements in The Free Press Journal (English) and Navshakti (Marathi) newspapers as part of regulatory compliance under SEBI regulations.

Regulatory Compliance and Publication Details

The newspaper advertisements were published pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Pravin Chavan communicated the publication to stock exchanges on March 17, 2026.

Publication Details: Information Publication Date: March 17, 2026 English Newspaper: The Free Press Journal Marathi Newspaper: Navshakti Stock Exchanges Notified: BSE Limited and NSE

Key Leadership Appointments

The postal ballot includes several significant executive appointments that will shape the company's future direction:

Position: Candidate Annual Salary Performance Bonus Managing Director & CEO: Mr. Suresh Kalra Rs. 3,50,00,000 Up to Rs. 3,50,00,000 Executive Director: Mr. Harsh Malhotra Rs. 60,00,000 Up to Rs. 60,00,000

Mr. Suresh Kalra brings 25 years of extensive experience in chemical and allied industries, having previously served as CEO at Aquapharm Chemical Limited and in senior roles at Hubergroup Germany and SI Group (USA). His appointment as Managing Director and CEO is proposed for a five-year term starting January 23, 2026.

Board Composition Changes

The company is seeking approval for expanding its board with new director appointments:

Director Category: Candidate Term Non-Executive Non-Independent: Mr. Sunil Malhotra 5 years Independent Director: Ms. Prajnaparamita Sarkar 5 years Independent Director: Mr. Parameswaranpillai Naga Prasad 5 years Independent Director: Mr. Rakesh Kumar Shrivastava 5 years

E-Voting Process and Timeline

The postal ballot process is conducted entirely through remote e-voting, with MUFG Intime India Private Limited serving as the e-voting service provider:

Voting Parameter: Details E-voting Commencement: Tuesday, March 17, 2026 at 9:00 AM (IST) E-voting Conclusion: Wednesday, April 15, 2026 at 5:00 PM (IST) Cut-off Date: Friday, March 13, 2026 Scrutinizer: CS Mannish L. Ghia (FCS 6252)

The results will be announced within two working days of the e-voting conclusion and will be available on stock exchange websites and the company's website at www.indoborax.com . The advertisements are also available on the company's website for shareholder reference.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.