Indo Borax & Chemicals Limited ("Purchaser") has executed an amendment agreement dated October 22, 2026 ("Amendment Agreement") with Mr. Ketan Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani, Mr. Jogindersingh Gianchand Jaswal (together, the "Sellers") and Zenrock Chemicals Private Limited to amend the share purchase agreement dated August 20, 2026 ("SPA").
The Amendment Agreement specifically deletes Clause 9.5 (Lock-in on Sellers' Shareholding) and Clause 9.6 (Right of First Refusal) of the SPA in their entirety. This amendment means that the Sellers' aggregate shareholding of 9.95% in the share capital of Kronox Lab Sciences Limited ("Target Company") is no longer subject to any lock-in restrictions, and the Purchaser ceases to hold a right of first refusal in respect of the Sellers' retained shareholding.
The purpose of the amendment is to remove any residual ambiguity regarding the Sellers' status as promoter or promoter group of the Target Company. As disclosed, effective September 29, 2026, the Purchaser has become the promoter and Zenrock Chemicals Private Limited has become a member of the promoter group of the Target Company. The Sellers are identified as the erstwhile promoters of the Target Company.
The company confirms that this Amendment Agreement does not constitute a related party transaction. The Purchaser does not hold any shareholding in any of the parties to the Amendment Agreement.