Kronox Lab Sciences: SPA Amendment for Promoter Shares

Kronox Lab Sciences Ltd has announced an amendment to a Share Purchase Agreement (SPA) originally executed on August 20, 2026. The amendment, dated October 22, 2026, modifies the SPA between Indo Borax and Chemicals Limited (Purchaser), Zenrock Chemicals Private Limited (ZCPL), and the erstwhile promoters (Sellers: Mr. Ketan Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani, Mr. Jogindersingh Gianchand Jaswal). The Company is not a direct party to this agreement. Key changes include the deletion of Clause 9.5 (Lock-in on Sellers' Shareholding) and Clause 9.6 (Right of First Refusal). Consequently, the Sellers' shares will no longer be subject to a lock-in period, and the Purchaser will not have a right of first refusal over any retained shares by the Sellers. Indo Borax and Chemicals Limited, along with ZCPL, became the promoter and promoter group respectively on September 29, 2026, acquiring 64.26% of the Company's equity. The Sellers collectively held 9.95% of the Company's share capital.