Event Disclosure
Indo Borax & Chemicals Limited ("the Company") has created a pledge over 51,94,560 equity shares of Kronox Lab Sciences Limited ("Kronox") on October 19, 2026. This represents approximately 14% of the paid-up equity share capital of Kronox.
Purpose and Financial Details
The pledge has been created in favor of an unspecified lender as security for a term loan facility of approximately ₹225 crores. This loan facility was availed by the Company specifically to finance the acquisition of equity shares of Kronox.
Shareholding Structure Impact
The Company currently holds 2,38,44,000 equity shares in Kronox, representing 64.26% of the paid-up equity share capital. The disclosure explicitly states that the creation of this pledge does not result in any change in the Company's shareholding or control over Kronox, which continues to remain a subsidiary of the Company.