
Kronox Lab Sciences: Promoter Shareholding Changes, New Directors Appointed
Kronox Lab Sciences Limited has announced a significant change in its promoter group and board composition. The "Sale Transaction" involving 2,38,44,000 equity shares (64.26% stake) from the original sellers to Indo Borax & Chemicals Limited has been completed. Consequently, the original sellers and associated members have ceased to be part of the promoter/promoter group. The company also announced the appointment of several new directors, including Mr. Suresh Kalra as Managing Director and CEO, Mr. Sunil Malhotra and Mr. Harsh Malhotra as executive directors, and Mr. Amit Kumar Sharma, Ms. Anuradha Suneet Maheshwari, and Mr. Dhananjay Tapasvi as independent directors. These appointments are effective September 29, 2026, and are subject to shareholder approval.
Key Highlights
- Promoter group shareholding changed significantly post-sale of 64.26% stake.
- Original sellers and associated members ceased to be promoter group.
- New Managing Director & CEO, Mr. Suresh Kalra, appointed.
- Three executive directors and three independent directors appointed to the board.
- Appointments are effective September 29, 2026, pending member approval.
Price Impact
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