Date: November 03, 2026
Board Meeting Outcomes
Indo Borax & Chemicals Limited has created a pledge on 51,94,560 equity shares of Kronox Lab Sciences Limited, representing approximately 14% of its paid-up equity share capital. The pledge was duly created on November 3, 2026, as confirmed by the Pledge Master Report received from the Depository Participant.
Fundraising / Financing
The pledge has been created as security in connection with a term loan facility of approximately ₹225 crores availed by the Company. The loan purpose is specifically for financing the acquisition of equity shares of Kronox Lab Sciences Limited.
Ownership Structure
There is no change in the shareholding or control of the Company in Kronox consequent to the creation of the pledge. Kronox continues to remain a subsidiary of Indo Borax & Chemicals Limited.
Annexure Details (Pledge Master Report)
Depository Participant: Kotak Securities Limited [IN300214]
DP Address: Kotak Infiniti, Building No. 21, Infinity Park, Off W.E. Highway, Gen. A.K. Vaidya Marg, Malad (E), Mumbai - 400097
Pledgor Details:
- Client ID: 28064006
- Name: Indo Borax & Chemicals Limited
Pledgee Details:
- DP: IN300484 (Axis Bank Limited)
- Client ID: 30542774
Pledge Specifics:
- Unique ID: 10000053315215
- Pledged Quantity: 5,194,560 shares
- Execution Date: 03/11/2026
- Status: Pledged
- Agreement Number: 19102026
- Lock-In Release Date: 31-Oct-2030
- Internal Reference Number: A9080150029529