PIT Reg 7(2) disclosures: promoters' sale of 9796400 shares each; acquirer acquired 2,38,44,000 shares (64.26%)

Kronox Lab Sciences shared two Form B disclosures under SEBI PIT Regulation 7(2).

Thu 1 Oct 2026

Shares sold by each seller

9796400 equity shares each, about 23.09% of total paid-up equity share capital

Holding before disposal

9796400 equity shares (26.40%)

Equity shares disposed

8566400 shares, value 884223808, Off Market

Holding after disposal

12,30,000 equity shares (3.31%)

Shares acquired by Acquirer

2,38,44,000 equity shares, about 64.26% of paid-up equity capital

What was shared

Two letters dated October 01, 2026 to the National Stock Exchange of India Limited and BSE Limited state that a disclosure in Form B was received under Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 — one from Mr. Jogindersingh Jaswal and one from Mr. Ketan Ramani.

What each letter states

• Mr. Jogindersingh Jaswal: sale of 9796400 equity shares of the company held by him, representing approximately 23.09% of the total paid-up equity share capital of the company.
• Mr. Ketan Ramani: sale of 9796400 equity shares of the company held by him, representing approximately 23.09% of the total paid-up equity share capital of the company.

What the enclosed Form B shows

The Form B carries the promoter's holding before the transaction, the securities disposed and the holding after it:

• Holding before the disposal: 9796400 equity shares, 26.40%.
• Equity shares disposed: 8566400, with the value shown as 884223808.
• Transaction type: Sale; mode: Off Market.
• Holding after the disposal: 12,30,000 equity shares, 3.31%.

The share purchase agreement update

The company also states that pursuant to a Share Purchase Agreement dated August 20, 2026 executed between Mr. Ketan Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani and Mr. Jogindersingh Gianchand Jaswal (together, the "Sellers"), Indo Borax & Chemicals Limited (the "Acquirer" / "Purchaser") and Zenrock Chemicals Private Limited, the Acquirer has acquired 2,38,44,000 equity shares held by the Sellers (in aggregate) in the company, constituting approximately 64.26% of the total paid-up equity share capital of the company.

How a retail investor can read this

• These are transaction and holding reports: the sale figures and the resulting holdings are those reported in the Form B, and the aggregate acquisition figure is as stated in the company's letter.
• The size to note is the block of shares: 8566400 equity shares shown as disposed in the Form B, a holding after the disposal of 12,30,000 equity shares (3.31%), and an aggregate 2,38,44,000 equity shares (64.26%) acquired by the Acquirer.
• The Form B records the mode of the transfer as "Off Market", which means the transfer is not executed through the stock exchange's order book.
• The announcement is an information and update update made to the exchanges under the insider trading regulations.

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