BSEInsider Trading / SAST30 Sept 2026 · 30 Sept 2026, 03:02 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indo Borax & Chemicals Ltd & PAC
Kronox Lab Sciences Ltd · 544187
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Kronox Lab Sciences Ltd has received a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding a substantial acquisition of shares by Indo Borax & Chemicals Ltd and Zenrock Chemicals Private Ltd, resulting in a change of control.
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Kronox Lab Sciences Ltd - 544187 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Date: September 29, 2026
BSE Limited
National Stock Exchange of India Limited
The Corporate Relations Department, Exchange Plaza, Bandra-Kurla Complex,
25th Floor, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai 400 051
Dalal Street,
Stock Code - KRONOX
Mumbai - 400 001
Stock Code (cid:19) 544187
Nikhil Goswami
Company Secretary & Compliance Officer
Kronox Lab Sciences Limited
Block No. 353, Village -Ekalbara,
Padra, Vadodara -391 440,
Gujarat, India
Email: cs@kronoxlabsciences.com
Dear Sir/ Madam,
Sub: Disclosure under Regulation 29(2) of the Securities and Exchange B0ard of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 (S(cid:28) EBI (SAST) Regulations")
I, Jogindersingh Gianchand Jaswal ("Seller"), wish to inform you that pursuant to the Share Purchase
Agreement dated August 20, 2026 ("SPA") executed between Ketan Vinodchandra Ramani, Mr. Pritesh
Vinodchandra Ramani, Mr. Jogindersingh Gianchand Jaswal, Indo Borax & Chemicals Limited
(Purchaser") and Zenrock Chemicals Private Limited, the Seller has sold 85,66,400 equity shares held by
the Seller in Kronox Lab Sciences Limited( "Company"), constituting 23.088% of the total paid-up equity
share capital of the Company to the Purchaser.
In connection with the same, please find attached herewith the intimation in the prescribed format as
required under Regulation 29(2) of the SEBI (SAST) Regulations.
Kindly take above on record and acknowledge receipt.
Thanking you.
Yours faithfully,
(Signatwre page follows]
Signed and delivered by JOGINDERSINGH GIANCHAND JASWAL
Place: Mumbai
Date: September 29, 2026
Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
Name of the Target Company (TC) Kronox Lab Sciences Limited (Target Company'")
Name(s) of the acquirer and Persons Acting Acquirer: Indo Borax &C hemicals Limited ("Acquirer")
in Concert (PAC) with the acquirer
PAC: Zenrock Chemicals Private Limited ("PAC")
Whether the acquirer belongs to Promoter / Pursuant to the consummation of the transaction whereby
Promoter group the Acquirer has directly acquired 2,38,44,000 equity
shares held by Mr. Ketan Vinodchandra Ramani, Mr.
Pritesh Vinodchandra Ramani, Mr. Jogindersingh
Gianchand Jaswal (in aggregate) in the Target Company,
the Acquirer has acquired the right to exercise 64.26%
(sixty four point two six per cent) of the voting rights in
over the Target Company and the Acquirer has become
the promoter of the Target Company
Name(s) of the Stock Exchange(s) where the BSE Limited and National Stock Exchange of India
shares of TC are Listed Limited
Details of the acquisition / disposal as Number % w.r.t. total % w.r.t. total
share/voting diluted
follows
share/voting
capital
wherever capital of the
applicable (") TC (**)
Before the acquisition under
consideration, holding of:
a) Shares carrying voting rights 97,96,400 26.40% 26.40%
b) Shares in the nature of encumbrance NIL NIL NIL
(pledge/ lien/ non disposal undertaking/
others)
c) Voting rights (VR) otherwise than by NIL NIL NIL
shares
d) Warrants/convertible securities/any other NIL NIL NIL
instrument that entitles the acquirer to
receive shares carrying voting rights in the T
C (specify holding in each category)
e) Total (atbtc+d) 97,96,400 26.40% 26.40%
Details of aeguisitienf sale
a) Shares carrying voting rights aequired+| 85,66,400 23.088% 23.088%%
sold
b) VRs acquired / sold otherwise than by NIL NIL NIL
equity shares
c) Warrants/convertible securities/any other NIL NIL NIL
instrument that entitles the acquirer to
receive shares carrying voting rights in the
TC (specify holding in each category)
acquired/sold
Shares encumbered / invoked / released NIL
NIL NIL
by the acquirer
e) Total (atbtc+/-d)
85,66,400 23.088% 23.088%
After the aequisitieHt sale, holding of:
a) Shares carrying voting rights aequired 12,30,000 3.32% 3.32%
b) Shares encumbered with the acquirer NIL NIL NIL
c) VRs otherwise than by shares NIL NIL
d) Warrants / convertible securities / any NIL NIL
other instrument that entitles the acquirer to
receive shares carrying voting rights in the
TC (specify holding in each category) after
acquisition 3.32%
12,30,000 3.32%
e) Total (atbtc+d)
M p| roo efd ff ee - rm eo naf tr a ik ac e lq t a u l/i l os pi tt mui be eln i ncf t s /ia s il nse u t ee(e r -. / sg e. r io tg rp ahe ntn s s fm eis ra s eurk te ce )t . eS PO xh rf ieaf tc er ue sm h te a P drk ue Vbrt ec is th na wa ole s e d e e co n hf aA8 M n5 g dr, r .6 r e a6 Ke , m4 et0 Re a0 n n a t me Vq adu i nnai it t o ,y e d ds c h h Ma A ar rne .u ds g rup a J su oRtr gs a iu m2 na 0 dan , e nt r it s,2o in0 t g2h M h6e r.
Gianchand Jaswal, Indo Borax & Chemicals Limited and
Zenrock Chemicals Private Limited.
September 29, 2026
Date of aequisitient sale of shares Re F
date ef reeeipt ef intimatien-ef alletment ef
Esh qa ur ie tys , shw ah ri ee h ce av pe ir ta i ls /a p top tl aie la b vB oe ti ng capital of I sN haR
7 o,1 f0 fa,4 c0
,0 v0 a0
ec o om
p INri Rsi n 1g
of3,71,04,000 equity
th Ee q T uiC ty b she afo rere c t ah pe i ts aa li /d t oa te aq l u vi osi tit nie gn t c as pal ie ta l of sIN haR r e3 s 7 o,1 f 0 fa,4 c0 e ,0 v0 a0 lu ec o om f p INris Rin 1g 0 of 3,71I,04,000 equity
t Th oe t aT l C d ia lf ut te er d t h se h as ra eid /v oa te iq ngu is ci at pie itn af l sa ofl e t he TC INR 37,10,40,000 comprising of 3,71,04,000 equity
shares of face value of INR 10
after the said acquisition
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock
Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of
the outstanding convertible securities/warrants into equity shares of the TC.
(Signatre page follows]
Signed and delivered by JOGINDERSINGH GLANCHAND JASWAL
Place: Mumbai
Date: September 29, 2026