Indo Borax pledges 14% of Kronox shares for Rs 225 crore term loan
KRONOX · price
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On the reaction day the stock moved 2.5 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.
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On 3 November 2026, promoter Indo Borax & Chemicals created a pledge over 5,194,560 shares of Kronox Lab Sciences, about 14% of its paid-up share capital, in favour of CTL Trusteeship. The shares secure an approximately Rs 225 crore term loan. Indo Borax's post-pledge holding is 2,384,400 shares, or 64.26%. This was a new pledge, not a sale or release of shares.
The pledge could increase pressure on the promoter if share prices fall, but it does not itself change voting control or dilute shareholders.