Indo Borax finalizes framework deal to sell property and vehicles to promoters

Indo Borax & Chemicals Limited announced the execution of a framework agreement on December 13, 2025, with Sajal Sushilkumar Jain, Sreelekha Sajal Jain, and Pranika Saumya Jain (collectively, the "Purchasers"). This agreement pertains to the proposed sale and transfer of certain immovable properties and vehicles from the company to the purchasers.

The framework agreement outlines the terms for transferring a residential property to Sajal Sushilkumar Jain and Sreelekha Sajal Jain, and identified vehicles to all three purchasers. This transaction, classified as a related party transaction, has been deemed to be at arm's length. The purchasers, who are members of the promoter/promoter group, collectively hold approximately 32.82% of the company's total share capital.

The audit committee and the board of directors approved the transaction on July 21, 2025, with shareholder approval via postal ballot on August 26, 2025. The agreement does not grant any special rights to the purchasers.