The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd

Ownership 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

-0.8%Reaction day

₹245.15

prior close

₹244.16

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-0.0% vs market

Commodity Chemicals peers, median of 47sector+0.3%-1.1% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 1.1 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

+0.2

10m

+0.2

15m

-0.1

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.8-0.0+0.3-1.1

Next day

-0.3+1.8-2.1+1.0-1.3

-0.9+2.8-3.7+1.3-2.2

-0.1+2.3-2.3+0.1-0.2

-0.7+1.8-2.4+0.7-1.4

-0.8+0.3-1.1-0.6-0.3

-0.5+0.5-1.0-1.8+1.3

15d

-0.1-2.5+2.4-3.2+3.1

-0.0-6.3+6.3-7.5+7.5

+3.6-8.0+11.6-10.6+14.2

+10.7+8.3+2.5+0.4+10.3

UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 47Pending

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

AI summary

Zenrock Chemicals Private Limited (ZCPL), a promoter group entity, has pledged its entire shareholding of 98,82,230 equity shares in Indo Borax & Chemicals Ltd, representing 30.80% of the company's equity share capital. The pledge was created on February 03, 2026 in favour of Catalyst Trusteeship Limited, acting as debenture trustee for India Special Assets Fund III, ISAF III Onshore Fund, and Special Situation India Fund. This is a first-ranking exclusive pledge, likely executed to secure debentures issued by ZCPL. No change in the total equity share capital of Indo Borax & Chemicals has occurred; only the encumbrance status of existing promoter shares has changed. The acquirer (Catalyst Trusteeship) has explicitly stated it does not belong to the promoter or promoter group.

Likely market impact

The pledging of the entire promoter holding (30.80%) signals potential financial stress or a funding requirement at the promoter entity level, which is a negative sentiment trigger for retail investors. If the pledge is invoked in the future, it could lead to a change in promoter control and possible share price pressure.