Promoters informed the Company about the SPA executed by them with Indo Borax & Chemicals Limited (Acquirer) and Zenrock Chemicals Private Limited (PAC)

Promoters executed SPA to sell 64.26% stake (2,38,44,000 shares) to Indo Borax & Chemicals Limited and Zenrock Chemicals Private Limited on Aug 20, 2026. - Acquirer and PAC to make mandatory tender offer per SEBI Takeover Regulations. - SPA price per share: Rs 103.22; effective price including consultancy fees Rs 105.87. - Sellers to cease promoter status; Acquirer and PAC to become promoter and promoter group. - Acquirer to appoint 3 nominee directors; Sellers to resign from board. - Sellers' remaining 9.95% shares locked-in; Acquirer has right of first refusal post lock-in. - Sellers to enter consultancy agreement post-transaction. - Completion subject to conditions precedent and regulatory approvals.