Change of control at Kronox Lab Sciences as Indo Borax acquires 64.26 percent stake

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

KRONOX · 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

-1.4%Reaction day

₹217.00

prior close

₹217.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.1% vs market

Specialty Chemicals peers, median of 97sector+0.0%-1.4% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.4 pts less than its Specialty 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

+0.1

15m

-0.0

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-0.3-1.1+0.0-1.4

Next day

-5.3-1.5-3.7-1.0-4.2

-7.9-1.5-6.4-1.3-6.6

-4.8-0.2-4.5+0.5-5.2

-3.0-0.5-2.5+0.4-3.4

-7.4-3.2-4.1-1.7-5.7

-4.1-2.2-1.9-1.3-2.8

15d

-11.6-9.5-2.2-9.2-2.4

-13.8pendingpending-8.3-5.5

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 97Pending

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

AI summary

Indo Borax and Chemicals, along with Zenrock Chemicals, has acquired 64.26 percent stake (2.38 crore shares) in Kronox Lab Sciences from the existing promoter group, triggering a full board overhaul. Suresh Kalra appointed as new MD and CEO, with new CFO Shashikant Bharuka and three independent directors joining. Outgoing promoters resigned and entered 36-month consultancy pacts worth Rs 2.1 crore each. Sellers now hold 9.95 percent and have exited the promoter group.

Likely market impact

Major change of control. New management with deep chemicals industry experience takes charge. Transition support locked in via consultancy deals.