Completion of acquisition of 64.26% stake in Kronox Lab Sciences

The company has completed its acquisition of 2,38,44,000 equity shares of Kronox Lab Sciences Limited, being 64.26% of Kronox's total paid-up equity share capital, on September 29, 2026.

Tue 29 Sep 2026

Shares Acquired

2,38,44,000 equity shares

Stake Percentage

64.26% of Kronox's total paid-up equity share capital

Completion Date

September 29, 2026

Agreement Date

August 20, 2026

What was announced

Indo Borax & Chemicals Limited (the Purchaser) has informed the stock exchanges that its acquisition of shares in Kronox Lab Sciences Limited (the Target Company) has been completed on September 29, 2026.

• Shares acquired: 2,38,44,000 equity shares
• Stake acquired: 64.26% of the total paid-up equity share capital of Kronox Lab Sciences Limited

How the deal came about

The transaction follows a share purchase agreement dated August 20, 2026 between the Sellers — Mr. Ketan Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani and Mr. Jogindersingh Gianchand Jaswal — Indo Borax & Chemicals Limited as Purchaser, and Zenrock Chemicals Private Limited. The execution of that agreement had been disclosed earlier as the Original Intimation.

The company states that, apart from the completion now reported, there is no change in the other details that were disclosed in the Original Intimation.

Why it matters for investors

Acquiring a majority stake of 64.26% gives the company controlling ownership in Kronox Lab Sciences Limited, a listed company in the chemicals space. Moving from an agreement stage to completion means the transaction has closed and the shares have changed hands.

The update was signed by Sunil Malhotra, Director, at Mumbai on September 29, 2026.

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