Indo Borax declares Rs 40 dividend, stock up 3%

Indo Borax & Chemicals recommended a total dividend of Rs 40 per share for FY26, the highest in its history.

The dividend comprises a final dividend of Rs 10 and a special dividend of Rs 30 per share.

The record date and ex-date for the dividend are July 21, 2026, with shareholder approval at the AGM on July 28, 2026.

Shares rose 3.58% to Rs 463.50 after the announcement.

Indo Borax & Chemicals is a debt-free manufacturer of boron-based chemicals for industries like glass, ceramics, and agriculture.