Indo Borax & Chemicals Limited

Dipak Kanayalal Shah increased his stake in Indo Borax & Chemicals Limited from 1.15% to 1.16%, adding 3,000 shares. This values the additional shares at approximately ₹13.15 lakh, based on the share price of ₹438.30.

A manufacturer of boron and lithium products serving industrial applications across India and international markets. Established in 1980, the company produces specialty chemicals derived from boron compounds and lithium-based solutions for diverse sectors including glass, ceramics, pharmaceuticals, agrochemicals, and energy storage applications. Its integrated production capabilities, focus on high-purity chemical manufacturing, and established supply chain partnerships distinguish it within the commodity chemicals sector.

A quiet accumulator of India's most overlooked microcap businesses. Built a ~₹152 Cr portfolio across 35 companies spanning specialty chemicals, pharma, packaging, and industrial components, mostly names that don't appear in any analyst's coverage universe. Portfolio DNA overlaps significantly with Sharad Kanayalal Shah, pointing to a disciplined family approach to finding businesses the market has completely ignored.