Kronox Lab Sciences544187Capex expansion plan

Board approves acquisition of a plant of about 5000 Sq. meters in Dahej SEZ from Axiom Chemicals

Board approved acquiring a plant of about 5000 Sq. meters at Z/80, Dahej SEZ from Axiom Chemicals Private Limited.

By ScoutQuest · Wed 14 Oct 2026, 4:55 PM IST · 1 min read

Plant acquired: about 5000 Sq. meters at Z/80, Dahej SEZ
Seller: Axiom Chemicals Private Limited (seller company not being acquired)
Consideration & funding: cash consideration, to be funded through internal accruals; completion within one month, subject to approvals

Board approval

The Board of Directors, at its meeting held on October 14, 2026, approved the acquisition of a plant admeasuring about 5000 Sq. meters located in a Dahej Special Economic Zone from Axiom Chemicals Private Limited (the "Seller").

What is being acquired

The plant/asset located at Z/80, Dahej SEZ.
The Seller company itself is not being acquired. No shares are being acquired and no shareholding or control changes hands.
The plant is engaged in manufacturing chemicals, and the industry is chemicals.

Why the company is doing it

The stated object is to expand manufacturing capacity for growth of business.

How it is being paid for

It is a cash consideration, plus related expenses such as taxes, duties, stamp duty, registration and other incidental charges.
The company says the consideration is to be funded through internal accruals.

Approvals and timeline

Completion is indicated within one month, subject to receipt of requisite approvals and execution of definitive agreements.
Approvals mentioned include the Development Commissioner / SEZ authority for transfer of unit/land lease rights, and other approvals such as State Pollution Control Board, GIDC / relevant other development authority consent, as applicable.

Related party position

The Seller is not a related party of the company, and no promoter, promoter group or group company has any interest in the Seller or in the transaction.

What investors may take away

This is an asset purchase for capacity expansion, not an acquisition of a business. The cash outflow is the consideration plus related expenses, met from internal accruals, and the transaction is subject to approvals and definitive agreements, with completion indicated within one month.

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