KRONOX : SPA AMENDED TO REMOVE SELLERS' LOCK-IN AND RIGHT OF FIRST REFUSAL

• Amendment agreement executed October 22, 2026 deletes Clause 9.5 (lock-in on sellers' shareholding) and Clause 9.6 (right of first refusal) of the SPA in their entirety • Original SPA dated August 20, 2026 covers sale of up to 2,38,44,000 equity shares, being 64.26% of Kronox's paid-up equity, by the sellers to Indo Borax & Chemicals • Sellers Ketan Ramani, Pritesh Ramani and Jogindersingh Jaswal hold 9.95% and are the erstwhile promoters; their shares will no longer carry any lock-in • Indo Borax became promoter and Zenrock Chemicals became a promoter group member on and from September 29, 2026 • Kronox is not a party to the agreement; no change in management or control of the listed entity Impact: Neutral (removes lock-in on the 9.95% erstwhile promoter holding, raising potential supply/free float, but no change in control or liability for the company)

Kronox Lab Sciences Ltd

Open attachment

← Back to feed