Indo Borax receives open offer from IIFL Capital for public shares

Indo Borax & Chemicals Ltd. announced on December 22, 2025, that it has received a detailed public statement regarding an open offer from IIFL Capital Services Limited. This offer, made on behalf of Zenrock Chemicals Private Limited, India Special Assets Fund III, ISAF III Onshore Fund, and Special Situation India Fund, aims to acquire equity shares from the public shareholders of Indo Borax & Chemicals.

The open offer is being conducted pursuant to Regulations 3(1), 4, 13(4), and 15(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. The detailed public statement, dated December 21, 2025, was published in the Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi) on December 22, 2025.

Pravin Chavan, company secretary & compliance officer of Indo Borax & Chemicals, requested stakeholders to note the announcement. The open offer will proceed according to the terms outlined in the Takeover Regulations, including the specified dates for the public announcement and bid period.