Indo Borax & Chemicals has informed that the Board of Directors of the Company, at its meeting held today, Thursday, August 20, 2026, has considered and approved the following matters: the execution of a share purchase agreement (“SPA”) by and amongst the Company, the Sellers (defined below) and Zenrock Chemicals Private Limited (“ZCPL”) for the acquisition of 2,38,44,000 (two crore thirty-eight lakh forty-four thousand) equity shares (“Sale Shares”) of face value of Rs 10.00 (Indian Rupees Ten only) each of Kronox Lab Sciences Limited (“Target Company”), representing 64.26% (sixty four point two six per cent) of the share capital of the Target Company, from the promoters of the Target Company, namely, Ketan Vinodchandra Ramani, Pritesh Vinodchandra Ramani and Jogindersingh Gianchand Jaswal (collectively, the “Sellers”) by the Company, at a price of Rs 103.22 (Indian Rupees One Hundred and Three point Two Two only) per Sale Share, for an aggregate consideration of Rs 246,11,77,680.00 (Indian Rupees Two Hundred and Forty-Six Crores Eleven Lakhs Seventy-Seven Thousand Six Hundred and Eighty only), subject to the terms and conditions as set outin the SPA (“SPA Transaction”).
The above information is a part of company’s filings submitted to BSE.
