NSEUpdates29 Sept 2026 · 29 Sept 2026, 04:01 pm
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Indo Borax & Chemicals Limited · INDOBORAX
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Indo Borax & Chemicals Limited has completed the acquisition of 64.26% of the share capital of Kronox Lab Sciences Limited.
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Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Indo Borax & Chemicals Limited has informed the Exchange regarding 'Completion of the acquisition of 64.26 % of the share capital of Kronox Lab Sciences Limited'.
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INDOBORAX_29092026155957_Disclosures_Reg_30_-_Indo_Broax.pdf
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i INDO BORAX & CHEMICALSL TD.
Regd. Office : 506, 5th Floor, Tulsiani Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400021, India.
Ph.: 022 35218591 • CIN: L24100MH1980PLC023177
Email : info@indoborax.com • Website : www.indoborax.com
Date: September 29, 2026
BSE Limited National Stock Exchange of India Limited
The Corporate Relations Department, Exchange Plaza, Bandra-Kurla Complex,
2si1i Floor, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai 400 051
Dalal Street, Stock Code - INDOBORAX
Mumbai- 400 001
Stock Code - 524342
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") -
For the completion of the acquisition of 64.26% of the share capital of Kron ox Lab Sciences
Limited
We refer to our earlier intimation dated August 20, 2026 under Regulation 30 of the SEBI Listing
Regulation ("Original Intimation"), wherein we had informed the Stock Exchanges regarding
the execution of the share purchase agreement dated August 20, 2026 ("SPA") between Mr. Ketan
Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani, Mr. Jogindersingh Gianchand Jaswal
(together, the "Sellers"), lndo Borax & Chemicals Limited ("Purchaser") and Zenrock
Chemicals Private Limited, in relation to the acquisition by the Purchaser of an aggregate of
2,38,44,000 equity shares held by the Sellers in Kronox Lab Sciences Limited ("Target
Company"), constituting 64.26% of the total paid-up equity share capital of the Target Company.
Further to the above, we wish to inform you that the said acquisition by the Purchaser of
2,38,44,000 equity shares of the Target Company, constituting 64.26% of the total paid-up equity
share capital of the Target Company, has been completed today, i.e., on September 29, 2026.
'Save as stated above, there is no change in the other details as required under Regulation 30 read
with Schedule III of the SEBI Listing Regulations which were disclosed in the Original Intimation.
We request you to kindly take the above on record.
Thanking you.
Yours faithfully,
[Signature page follows]
INDO BORAX & CHEMICALS LTD.
Regd. Office : 506, 5th Floor, Iulslanl Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400021, India.
Ph.: 022 35218591 • CIN : L24100MH 1980PLC023177
Email : Info 11 lndoborax.com • Website : www.indoborax.com
Signed and delivered for an on behalf of INDO BORAX & CHEMICALS LIMITED
Name: Sunil Malhotra
Designation: Director
Date: September 29, 2026
Place: Mumbai