5243422026-09-295243422026-09-292026-09-29iso4217:INRxbrli:pure524342Indo Borax & Chemicals LimitedINDOBORAXNOTLISTEDINE803D01021Updatefalse2026-09-2915:30:002026-08-202026-08-202026-09-29Acquisition (including agreement to acquire)The Board on 20th August, 2026 approved the execution of a share purchase agreement (“SPA”) by and amongst the Company, the Sellers (defined below) and Zenrock Chemicals Private Limited (“ZCPL”) for the acquisition of 2,38,44,000 (two crore thirty-eight lakh forty-four thousand) equity shares (“Sale Shares”) of face value of Rs. 10.00 (Indian Rupees Ten only) each of Kronox Lab Sciences Limited (“Target Company”), representing 64.26% of the share capital of the Target Company, from the promoters of the Target Company, namely, Mr. Ketan Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani and Mr. Jogindersingh Gianchand Jaswal (collectively, the “Sellers”) by the Company, at a price of Rs. 103.22 (Indian Rupees One Hundred and Three point Two Two only) per Sale Share, for an aggregate consideration of Rs. 246,11,77,680.00, subject to the terms and conditions as set outin the SPA (“SPA Transaction”). Since, pursuant to consummation of the SPA Transaction, the Company shall acquire control and voting rights in excess of 25% (twenty five per cent) of the voting share capital of the Target Company, the Company along with ZCPL in its capacity as persons acting in concert with the Acquirer, shall make a mandatory open offer (“Open Offer”) to the public shareholders of the Target Company in accordance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SAST Regulations”). Accordingly, the Board on 20th August, 2026 approved making of the Open Offer along with ZCPL in its capacity as persons acting in concert with the Acquirer for acquisition of up to 95,70,000 (ninety-five lakh seventy thousand) equity shares of the Target Company, representing approximately 25.79% of the voting share capital of the Target Company, at such offer price as may be determined in accordance with the SAST Regulations.Transaction Completed24612000002026-09-290.6426