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Kronox Lab Sciences Transfers 64 Percent Stake To Indo Borax Reshuffles Board


29 September 2026
Kronox Lab Sciences Ltd.

2,38,44,000 shares (64.26%) transferred to Indo Borax on 29 Sep 2026; sellers retain 9.95% and ceased as promoters. Board named new MD-CEO, 2 execs, 3 IDs and CFO; founders, CFO and IDs exited. Completes Indo Borax control deal and resets board under new owner; founders exit management into 3-year transition consultancy covering operations and Dahej project. New appointments need shareholder nod; open-offer tendering, final public float and new owner's Dahej and growth calls remain to be seen.


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