Indo Borax & Chemicals Ltd Approves ESOP 2026 and Updates Corporate Policies
The Board of Directors of Indo Borax & Chemicals Limited held a meeting on Monday, April 06, 2026, where several key corporate actions were considered and approved. The board addressed the implementation of an employee stock option plan, the adoption of updated codes of conduct, and the re-constitution of the Corporate Social Responsibility Committee.The board, guided by the recommendation of the Nomination and Remuneration Committee (NRC), approved the implementation of the Indo Borax & Chemicals Limited Employee Stock Option Plan - ESOP 2026, subject to the requisite approval of the Company's shareholders. This approval was considered in line with the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Details regarding the ESOP 2026 are provided in an annexure. Under the plan, a maximum of 16,88,950 options may be granted in tranches, which are convertible into 16,88,950 Equity Shares, each having a face value of Re. 1/- (Rupee One only) and being fully paid up. The purpose of the ESOP 2026 is stated as rewarding eligible employees for their performance and sharing the wealth created by the Company, aiming to motivate existing employees for the Company’s growth.
Key terms of the ESOP 2026 indicate that the options will vest not earlier than 1 (one) year and not later than 5 (five) years from the date of grant. The exercise period for the options commences from the date of vesting and will expire on completion of a maximum exercise period of 5 years from the date of respective vesting or a shorter period as prescribed by the Board/NRC.
The board also adopted critical policies and codes in compliance with applicable regulations. These include the Code of practices and procedure for fair disclosure of Unpublished Price Sensitive Information (UPSI) and a code of conduct to regulate and monitor trading under the SEBI (Prohibition of Insider Trading) Regulations, 2015. These new practices and codes are stated to supersede earlier versions.
Furthermore, the Corporate Social Responsibility (CSR) Committee of the Company underwent re-constitution with the following members:
- Ms. Prajnaparamita Sarkar (Chairperson)
- Mr. Suresh Kalra (Member)
- Mr. Harsh Malhotra (Member)
- Mr. Sunil Malhotra (Member)
The Board meeting commenced at 11:30 a.m. and concluded at 12:55 p.m.
For comprehensive details concerning the ESOP 2026, the following financial parameters are outlined:
| Particulars | Details |
|---|---|
| Total Number of Shares Covered by Options | 16,88,950 options convertible into 16,88,950 Equity Shares of face value of Re. 1/- each. |
| Options Granted At Exercise Price | Determined by the NRC, not less than the face value and not exceeding the Fair Market Value as of the grant date. |
| Exercise Period Start | Date of vesting. |
| Exercise Period End | Completion of a maximum exercise period of 5 years from the date of respective vesting. |
INDOBORAX Stock Price Movement
ndo Borax & Chemicals Limited shares are currently trading at ₹250.83, having moved between ₹245.02 and ₹253.98. The stock shows a gain of 1.88% today, amidst low activity with total traded volume at 33,296.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.