Indo Borax & Chemicals Ltd. Share Price

Six firms declare special dividends in FY26

Several listed companies rewarded investors with special dividends during FY26, highlighting strong cash positions and one-time gains.

Tata Consultancy Services, JSW Dulux (formerly Akzo Nobel India), Indo Borax & Chemicals, Premco Global, Majestic Auto and Honda India Power Products stood out with extra payouts ranging from ₹10 to ₹156 per share. Combined with regular dividends, total FY26 distributions spanned ₹40 to ₹236 per share. Share-price reactions varied. Some stocks showed gains over longer periods while others faced near-term pressure, underscoring that special dividends often reflect temporary surplus cash rather than ongoing earnings strength. Investors tracking high-yield or cash-rich names continue to watch such announcements closely, as they can enhance returns even when capital appreciation remains uneven.

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Indo Borax Completes 64.26% Stake Acquisition in Kronox

has completed the acquisition of 64.26% stake in Kronox Lab Sciences Limited on September 29, 2026, marking a significant development in its inorganic growth strategy. The company acquired 2,38,44,000 equity shares of Kronox, representing 64.26% of its total paid-up equity share capital. The acquisition was undertaken pursuant to a Share Purchase Agreement (SPA) dated August 20, 2026, executed between Indo Borax & Chemicals, the existing shareholders of Kronox and Zenrock Chemicals Private Limited. The sellers included Ketan Vinodchandra Ramani, Pritesh Vinodchandra Ramani and Jogindersingh Gianchand Jaswal. With the completion of this transaction, Indo Borax has acquired a controlling stake in Kronox Lab Sciences, expanding its business presence through a strategic acquisition. The transaction represents an important corporate development for Indo Borax as it strengthens its inorganic expansion initiatives. The latest regulatory filing confirms the completion of the acquisition and states that there is no change in the other details previously disclosed under Regulation 30 of SEBI Listing Regulations. For investors, key monitorables include the integration of Kronox into Indo Borax's business, future operational developments and the potential contribution of the acquired company to consolidated financial performance. Further details regarding the financial impact and integration strategy may emerge through subsequent company disclosures. Disclosure: I do not hold any position or financial interest in the mentioned stock.

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Kronox Lab Sciences shares hit the 20% upper circuit, after Indo Borax & Chemicals approved the acquisition of a 64.26% stake in the company.

Indo Borax & Chemicals Ltd (along with its promoter Zenrock Chemicals Private Limited as persons acting in concert) signed a Share Purchase Agreement to buy 2,38,44,000 equity shares (face value Rs 10 each) of Kronox Lab Sciences from its promoters—Ketan Vinodchandra Ramani, Pritesh Vinodchandra Ramani, and Jogindersingh Gianchand Jaswal—for an aggregate consideration of approximately Rs 246.12 crore. This works out to Rs 103.22 per share (effective price including transition-support consultancy fees is reported around Rs 105.87). The deal triggers a mandatory open offer (under SEBI SAST regulations) for up to 95,70,000 equity shares, representing about 25.79% of Kronox, at Rs 157.27 per share. Completion is expected within about three months of the SPA, subject to conditions. Post-transaction, the selling promoters will retain a combined 9.95% stake and provide transition support; Indo Borax plans to appoint nominee directors.

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59% surge in net profit - Indo Borax & Chemicals Ltd

BSE: 524342 NSE:

lndo Borax reports a 59% surge in net profit at Rs 16.25 crore in Q1FV27, riding on higher demand and improved capacity utilisation a) Operating Income grows by 31.34% at Rs 70.36 crore b) Received Board approval for amalgamation of its wholly owned subsidiarylndoborax Infrastructure Private Ltd with lndo Borax Chemicals, subject to necessary regulatory approvals Commenting on the company's performance during the quarter, Mr. Suresh Katra, Managing Director & CEO, lndo Borax, said, "The boron-based chemicals market in India has been witnessing a robust demand across a diverse range of applications including steel, glass, ceramics, agriculture, electronics and detergents among others. With our advanced manufacturing capabilities, we are well-positioned to meet demand. Our capacity utilisation has been extremely robust, and improved operational efficiency has strengthened our bottom line. We expect to sustain this growth momentum moving forward."

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Indo Borax & Chemicals Ltd – Company Analysis

Indo Borax & Chemicals Ltd is one of India's leading specialty chemical manufacturers, primarily engaged in the production of boron and lithium-based chemicals used across industries such as glass, ceramics, fertilizers, pharmaceuticals, detergents, metallurgy and electric vehicle batteries. The company holds a unique position as the only manufacturer of IP-grade Boric Acid in India and has expanded its product portfolio to include Lithium Hydroxide Monohydrate and agricultural chemicals, enabling it to benefit from growing demand in high-value industrial and clean energy applications. Financially, Indo Borax has delivered consistent growth with FY26 revenue increasing by nearly 23% and net profit rising over 18% year-on-year. The company maintains healthy operating margins of around 20–22%, operates with minimal debt and generates strong cash flows, resulting in a robust balance sheet. Promoter holding remains above 50%, reflecting long-term confidence, while the company has also rewarded shareholders through regular and special dividends. The stock trades at a reasonable valuation relative to many specialty chemical companies, supported by healthy return ratios and improving earnings momentum. Looking ahead, Indo Borax is well positioned to benefit from rising demand for boron compounds, lithium chemicals for electric vehicles, specialty industrial chemicals and agricultural products. The company has announced a significant capacity expansion over FY27–FY28, which is expected to strengthen its market leadership and support future revenue growth. However, investors should monitor fluctuations in raw material prices, industrial demand, export markets and execution of expansion projects, as these factors can influence profitability.

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