Change of control completed; full board reshuffle under new promoter Indo Borax

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

KRONOX · price

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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 completed purchase of 2.38 crore shares (64.26% stake) in Kronox Lab from three selling promoters under the August 2026 SPA. Sellers now hold just 9.95% and have exited the promoter group. Full board reshuffle followed: Suresh Kalra named MD and CEO, Sunil Malhotra as Whole-time Director, Harsh Malhotra as Executive Director, plus three new independent directors and a new CFO Shashikant Bharuka. Former promoters signed 36-month consultancy pacts worth INR 2.1 crore each.

Likely market impact

New promoter Indo Borax takes full control of Kronox Lab with new management team; old promoters retain advisory roles.