Kronox Promoters Sell 64.26% Stake to Indo Borax

Kronox Lab Sciences Limited has been informed by its promoters, Mr. Ketan Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani, and Mr. Jogindersingh Gianchand Jaswal, about the execution of a Share Purchase Agreement (SPA) dated August 20, 2026. The SPA is with Indo Borax & Chemicals Limited (Acquirer) and Zenrock Chemicals Private Limited (PAC). The promoters will sell an aggregate of 2,38,44,000 equity shares, representing approximately 64.26% of the company's total paid-up equity share capital. Following this transaction, the Acquirer and ZCPL are obligated to make a mandatory tender offer to the public shareholders as per SEBI regulations.