Change of control: Indo Borax acquires 64.26 percent stake in Kronox Lab Sciences

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 Ltd completed acquisition of 64.26 percent (2,38,44,000 shares) in Kronox Lab Sciences on Sept 29, 2026 via the Aug 20 SPA. Selling promoters now hold 9.95 percent and exited the promoter group. Board reconstituted: Suresh Kalra named MD and CEO, Sunil Malhotra and Harsh Malhotra as executive directors, plus 3 new independent directors. Old directors and CFO resigned. New CFO Shashikant Bharuka appointed. Consultancy deals signed with outgoing promoters at INR 2.1 crore each for 36 months.

Likely market impact

Major change of control done. New management in place. Strategic direction and operations may shift under Indo Borax ownership.