Indo Borax & Chemicals Ltd.

Suresh KalraManaging Director & CEO of the company. We also

Thank you, Sagar, and pleasure to be here again. Good evening, ladies and gentlemen. Very warm welcome to you for the Earnings Call for Q1 FY2027 of Indo Borax. As you know, Indo Borax & Chemicals Limited was incorporated in 1980, and it has emerged as a leading player in the Indian Boric Acid market, commanding almost 50% market share in the markets we operate in. We are the sole manufacturer of the IP-grade Boric Acid in the country with valid FDA and BIS licenses. Our manufacturing facility is in Pithampur, Madhya Pradesh and has the capacity of about 26,000 tons per year, which is comprising of about 20,000 tons per annum of Boric acid and about 6,000 tons per annum of Disodium Octaborate Tetrahydrate, which we very fondly call as DOT, and we are headquartered in Mumbai as you also know. The core product portfolio comprises of Boric Acid Technical, which is mostly used in steel industry, glass, ceramics, flame retardants, chemicals and metallurgical industry. We also have Boric acid I.P. grade, as I said, which is mainly used in the pharma industry and personal care products and of course DOT, which is used in agriculture as a micronutrient.

We also are planning Boron Oxide as a product, which we traded sometime in the past, which is used in fiberglass and the steel industry, and we also have traded in products like Borax Pentahydrate and Gypsum, which is one of our byproducts of the company. So, this is the product portfolio of the organization today.A brief on how the market looks like. Today in India, the Boric Acid market is estimated about 40,000 tons per annum and as per the available reports and as per out understanding is projected to grow at 8% CAGR. That means it will be close to about 53,000 tons plus in 2030. The steel and refractory segment accounts for almost 55% to 60% of the demand for Boric acid where most of our business today is.