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.
Kronox Promoter Pledges 14 Percent Stake For Rs 225 Crore Loan
Kronox Amends Indo Borax Deal To Free 9.95 Percent Stake
Kronox Lab Sciences Approves 5000 Sqm Dahej Plant Acquisition From Axiom Chemicals
Kronox Lab Sciences Completes 64.26% Stake Transfer To Indo Borax
Kronox Lab Sciences Completes 64.26% Share Transfer To Indo Borax