From Maybachs to Mansions: Indo Borax Approves Bold ₹620 Cr Asset Reboot

In a landmark board meeting on July 21, 2025, Indo Borax & Chemicals Ltd approved the sale of prime properties and luxury cars, a significant re-jigging of its asset pool. The total value of the transactions amounting to ₹620.2 million is for the rationalization of company holdings, which are all subject to shareholder approval.

 

Key Highlights:

 

Strategic Asset Sale:

Consideration Breakdown:

Buyer Profile:

Purchasers include promoter and promoter-group members for internal realignment.

 

Financial Implication:

The deal is more than 20% of FY25 revenues and is a related party transaction by SEBI standards.

 

Next Steps:

Shareholder approval by postal ballot, with return required by March 31, 2026.

 

Arm's Length & Transparency:

Sale on arm's length basis, with complete disclosures according to SEBI guidelines.

 

Source:

NSE Official Disclosure Reuters MarketScreener