The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sajal Sushilkumar Jain & Others
INDOBORAX · price
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Awaiting price reaction for this filing.
The entire promoter group of Indo Borax & Chemicals Ltd — Sajal Sushilkumar Jain, Saumya Sajal Jain, Sreelekha Jain, Sajal Sushilkumar Jain HUF, Pranika Saumya Jain, and Shubhra Jain Sivaradjou — has sold all 1,63,00,230 equity shares (50.80% of paid-up capital) on January 23, 2026. The sale was an off-market transfer executed under a Share Purchase Agreement dated December 15, 2025 with buyers Zenrock Chemicals Private Limited, India Special Assets Fund III, ISAF III Onshore Fund, and Special Situation India Fund. Post-transaction, promoter holding in the company stands at Nil (0%). The total equity share capital remains unchanged at 3,20,90,000 shares of face value ₹1 each.
This is a complete change of control — the promoter family has fully exited the company, and new owners (Zenrock Chemicals and ISAF III funds) have taken over a majority stake. Shareholders should expect a potential re-rating, shifts in board composition, and a new strategic direction under the incoming promoters, though short-term price action may be volatile given the large block transfer.