Board approves acquisition of about 5000 Sq. meters plant in Dahej SEZ from Axiom Chemicals
Kronox Lab Sciences' board approved acquiring a plant of about 5000 Sq. meters in a Dahej Special Economic Zone from Axiom Chemicals Private Limited.
By ScoutQuest · · 2 min read
- Plant Area Acquired
- about 5000 Sq. meters
- Location
- Dahej Special Economic Zone
- Completion Timeline
- within one month, subject to requisite approvals and definitive agreements
The board of Kronox Lab Sciences, 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. Only the plant is being acquired; the seller company is not.
What is being acquired
- A plant admeasuring about 5000 Sq. meters of Axiom Chemicals Private Limited, located at Z/80, Dahej SEZ
- The seller company itself is not being acquired — this is an acquisition of a plant/asset, not of shares or control
- The plant is engaged in manufacturing chemicals, and the seller is engaged in the business of chemicals
Why the company is doing it
- The stated object and impact of the acquisition is to expand manufacturing capacity for growth of business
How it is being paid for
- Cash consideration, to be funded through internal accruals
- Besides the cash consideration, related expenses apply — taxes, duties, stamp duty, registration and other incidental charges
- No shares are to be acquired, and no percentage of shareholding or control applies
Approvals and timeline
- Approvals required include the Development Commissioner / SEZ authority approval for transfer of unit/land lease rights, and other approvals such as State Pollution Control Board and GIDC or relevant other development authority consent, as applicable
- Indicative time period for completion of the acquisition is within one month, subject to receipt of requisite approvals and execution of definitive agreements
Related party check
- 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 the transaction
What investors can track
- Completion of the acquisition within the indicated one month, subject to the requisite approvals and execution of definitive agreements
- Receipt of the SEZ and other approvals named in the disclosure
- The consideration is to be funded through internal accruals, as stated in the update
Also from Kronox Lab Sciences
Share purchase agreement amended; lock-in and right of first refusal on sellers' shares deleted
23 Oct 2026
Board approves acquisition of a plant of about 5000 Sq. meters in Dahej SEZ from Axiom Chemicals
14 Oct 2026
PIT Reg 7(2) disclosures: promoters' sale of 9796400 shares each; acquirer acquired 2,38,44,000 shares (64.26%)
1 Oct 2026
More numbers
- Plant area being acquired (approx.)5000 Sq. meters
- Indicative time period for completionWithin one month
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