Indo Borax: Promoter Encumbers 14% Kronox Lab Shares for Loan

Indo Borax & Chemicals Limited, a promoter of Kronox Lab Sciences Limited, has disclosed the creation of an encumbrance on 51,94,560 equity shares, representing 14% of the total share capital. This encumbrance, created on November 3, 2026, is a pledge in favor of CTL Trusteeship Limited as security for a term loan facility of approximately ₹2,250 Crore availed by Indo Borax & Chemicals Limited from Poonawalla Fincorp Ltd. The loan proceeds are intended for financing the acquisition of equity shares of Kronox Lab Sciences Limited. The value of the encumbered shares on the date of the event was ₹1,035.28 Crore.