Highest-Ever Dividend: This Debt-Free Multibagger Chemical Company Announces Rs 40 Per Share Dividend; Shares Jump Over 3%

On Friday, Indian equity benchmarks ended on a strong note, with the benchmark Nifty 50 index gaining 259.55 points, or 1.08 per cent, to close at 24,332.30. Amid the broader market rally, Indo Borax & Chemicals share price gained 3.58 per cent to Rs 463.50 after investors reacted positively to the company's announcement of its highest-ever Dividend.

Highest-Ever Dividend Announcement

Indo Borax & Chemicals has recommended a total dividend of Rs 40 per equity share (face value Re 1 each) for FY26, comprising a final dividend of Rs 10 per share and a special dividend of Rs 30 per share. The dividend is subject to shareholders' approval at the upcoming Annual General Meeting (AGM) scheduled for July 28, 2026.

The record date and ex-date have been fixed as July 21, 2026 for determining the eligibility of shareholders entitled to receive the dividend.

Dividend History

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About Indo Borax & Chemicals

Indo Borax & Chemicals Limited is engaged in the manufacturing of boron-based chemicals and specialty products used across industries such as glass, ceramics, detergents, agriculture, metallurgy and industrial chemicals. The company serves both domestic and export markets with a diversified product portfolio.

Over the years, the company has established itself as one of India's leading boron chemical manufacturers by focusing on product quality, operational efficiency and long-term customer relationships. It continues to expand its presence across industrial applications while maintaining a strong balance sheet.

What are your views on Indo Borax & Chemicals' highest-ever dividend of Rs 40 per share? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.