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 shares of Indo Borax & Chemicals, equivalent to 30.80% of the company's paid-up equity share capital. This pledge covers the promoter's entire holding in the company, meaning 100% of the promoter's stake is now encumbered. The pledge was created on February 3, 2026 with Catalyst Trusteeship Limited acting as the lender's trustee, to secure debt availed by the promoter from three funds — India Special Asset Fund III, ISAF III Offshore Fund, and a Special Situation Fund. The disclosure was filed under SEBI SAST Regulations on February 9-10, 2026.
This is a significant red flag — the promoter has pledged 100% of its entire stake (30.80% of the company) to raise debt, signalling leveraged financial obligations at the promoter level. Any default or margin call could lead to invocation of the pledge, potentially flooding the market with shares and putting sharp downside pressure on the stock. Retail investors should view this as elevated risk.