Indo Borax & Chemicals has received an approval for further invest in subsidiary company Indoborax Infrastructure by subscribing 1,00,000 equity shares of Rs 10 each at a premium of Rs 929 per share for furtherance of business activities. The Board of Directors at their meeting held on March 22, 2021 considered and approved the same.
Indo Borax & Chemicals operates a most modern Boric Acid and Borax plant at Pithampur, Madhya Pradesh. The plant also enjoys the approval of Food and Drug Administration for manufacturing pharmaceutical grade of Boric Acid.
