The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 10, 2026 for Zenrock Chemicals Pvt Ltd

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

INDOBORAX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹244.40

prior close

₹243.88

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.6% vs market

Commodity Chemicals peers, median of 53sector+0.3%-0.8% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.8 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.0

15m

-0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6+1.0-1.6+0.3-0.8

Next day

+0.2+0.5-0.2-0.5+0.7

-0.4-0.0-0.3-0.4-0.0

-0.5-1.5+1.0-1.6+1.1

-0.5-2.2+1.7-3.1+2.6

-0.2-1.2+1.1-3.2+3.1

+2.0-2.4+4.3-3.6+5.5

15d

-0.2-8.8+8.7-7.7+7.6

+1.3-8.3+9.6-9.7+11.0

+4.2-3.5+7.8-5.9+10.1

+8.8+6.4+2.4+1.6+7.3

UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 53Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter Zenrock Chemicals Private Limited has created a pledge on 98,82,230 equity shares of Indo Borax & Chemicals, representing 30.80% of the total share capital. The pledge was created on February 3, 2026 and disclosed to the exchanges on February 10, 2026. Catalyst Trusteeship Limited is the pledgee, acting on behalf of India Special Asset Fund III, ISAF III Offshore Fund, and Special Situation Fund. The purpose stated is to secure debt availed by the promoter. The promoter's shareholding remains unchanged at 30.80% both before and after this pledge event.

Likely market impact

Pledging nearly a third of the company via a single promoter is a cautious signal — it suggests the promoter has taken on leverage, and any default could trigger invocation and a forced sale of pledged shares. Retail investors should watch for further disclosures or signs of financial stress at the promoter entity.