Indo Borax Amends Share Purchase Agreement, Removes Lock-in

Indo Borax & Chemicals Ltd has amended its Share Purchase Agreement (SPA) dated August 20, 2026. The amendment, executed on October 22, 2026, removes Clause 9.5 (Lock-in on Sellers' Shareholding) and Clause 9.6 (Right of First Refusal) from the original SPA. This means the sellers' shares are no longer subject to a lock-in period, and the purchaser no longer holds a right of first refusal over the sellers' retained shareholding. The sellers were the erstwhile promoters of the Target Company, and the purchaser became the promoter on September 29, 2026, with Zenrock Chemicals Private Limited (ZCPL) becoming part of the promoter group. This amendment clarifies the sellers' status and does not constitute a related party transaction.