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
INDOBORAX · price
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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.
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.