Indo Borax Completes 64.26% Stake Acquisition in Kronox

has completed the acquisition of 64.26% stake in Kronox Lab Sciences Limited on September 29, 2026, marking a significant development in its inorganic growth strategy. The company acquired 2,38,44,000 equity shares of Kronox, representing 64.26% of its total paid-up equity share capital. The acquisition was undertaken pursuant to a Share Purchase Agreement (SPA) dated August 20, 2026, executed between Indo Borax & Chemicals, the existing shareholders of Kronox and Zenrock Chemicals Private Limited. The sellers included Ketan Vinodchandra Ramani, Pritesh Vinodchandra Ramani and Jogindersingh Gianchand Jaswal. With the completion of this transaction, Indo Borax has acquired a controlling stake in Kronox Lab Sciences, expanding its business presence through a strategic acquisition. The transaction represents an important corporate development for Indo Borax as it strengthens its inorganic expansion initiatives. The latest regulatory filing confirms the completion of the acquisition and states that there is no change in the other details previously disclosed under Regulation 30 of SEBI Listing Regulations. For investors, key monitorables include the integration of Kronox into Indo Borax's business, future operational developments and the potential contribution of the acquired company to consolidated financial performance. Further details regarding the financial impact and integration strategy may emerge through subsequent company disclosures. Disclosure: I do not hold any position or financial interest in the mentioned stock.