Shareholding6 Nov 2026, 10:29 am
Kronox Lab Sciences: Promoter pledges 14% shares for loan
AI Summary
Indo Borax & Chemicals Ltd, a promoter of Kronox Lab Sciences Limited, has pledged 51,94,560 equity shares, representing approximately 14% of the company's paid-up equity share capital. This pledge was created on November 3, 2026, in favor of CTL Trusteeship Limited as security for a term loan facility of approximately ₹2,25,00,00,000 (₹225 Crore) availed by the company. The disclosure was made on November 5, 2026, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter Indo Borax & Chemicals pledges 14% of Kronox Lab Sciences shares.
- Pledge secures a term loan of approximately ₹225 Crore.
- Disclosure made under SEBI (SAST) Regulations, 2011.
- CTL Trusteeship Limited is the beneficiary of the pledge.
Price Impact
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