Kronox Lab Sciences: Open Offer Announced by Indo Borax & Chemicals

IIFL Capital Services Ltd, acting as the Manager to the Open Offer, has submitted a Detailed Public Statement to BSE regarding an open offer by Indo Borax and Chemicals Limited, along with Zenrock Chemicals Private Limited (PAC), to the public shareholders of Kronox Lab Sciences Limited. The offer is for the acquisition of up to 95,70,000 equity shares, representing 25.79% of the voting share capital. This open offer is made pursuant to SEBI (SAST) Regulations, 2011. The Detailed Public Statement was published in various newspapers on August 28, 2026, following a Public Announcement on August 20, 2026. The offer size is determined by the available public shareholding, which is slightly below the 26% threshold typically required by Regulation 7(1) of SEBI (SAST) Regulations.