Kanoria Chemicals' board has agreed to the PAS-4 Letter of Offer for a takeover by NCRPS, following the latter's approval in an Extraordinary General Meeting held earlier this month. The potential acquisition is now one step closer.

Kanoria Chemicals has approved a 1,000 crore Non-Convertible Debenture (NCD) issue at an Extraordinary General Meeting held on April 1, 2026, via video conference, signaling a significant expansion of their capital structure. The company also agreed to raise its authorized share capital in the process.