Kronox Lab Sciences Ltd (KRONOX) — Offer Document | 4 September 2026

IIFL Capital Services Limited filed a Draft Letter of Offer (DLOF) on September 4, 2026 for an open offer by Indo Borax and Chemicals Limited (Acquirer) and Zenrock Chemicals Private Limited (PAC) to acquire up to 95,70,000 shares of Kronox Lab Sciences Limited, representing 25.79% of voting share capital, at ₹157.27 per share. The offer follows a Share Purchase Agreement where Acquirer will acquire 64.26% from sellers. The DLOF outlines regulatory compliance, risk factors, financial arrangements including ₹38 crore escrow, tentative schedule ending November 20, 2026, and tax implications. The filing emphasizes mandatory open offer requirements under SEBI (SAST) Regulations and clarifies that SEBI has not approved the document.