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Himadri Speciality Chemical Ltd. announced that its board of directors approved an alteration to the company`s existing Memorandum of Association to enable new business activities and align the document with the Companies Act, 2013, subject to member approval via postal ballot and any required regulatory approvals.

Himadri Speciality Chemical Ltd announced the incorporation of its foreign wholly owned subsidiary, ARDENT IMPEX FZCO, in the Dubai Airport Free Zone, Dubai, UAE, on June 22, 2026, as previously announced on July 15, 2025. The subsidiary, with an authorized capital of AED 200,000, will focus on Industrial Chemicals Trading and Petrochemicals Trading, and is considered a related party of Himadri Speciality Chemical Ltd, with a 100% shareholding to be invested in cash.

Net profit of Himadri Speciality Chemical rose 26.33% to Rs 229.52 crore in the quarter ended June 2026 as against Rs 181.69 crore during the previous quarter ended June 2025. Sales rose 28.04% to Rs 1431.88 crore in the quarter ended June 2026 as against Rs 1118.29 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1431.881118.29 28 OPM %20.1121.91 - PBDT321.81255.86 26 PBT300.51241.22 25 NP229.52181.69 26 Powered by Capital Market - Live News

Himadri Speciality Chemical will hold a meeting of the Board of Directors of the Company on 15 July 2026.

Himadri Speciality Chemical (Himadri) has further strengthened its strategic partnership with International Battery Company, Inc. (IBC), a U.S. headquartered technology developer and manufacturer of chemistry-agnostic prismatic Lithium-ion (Li-ion) cells, through an additional investment of USD 0.66 million. Prior to this investment, Himadri had invested an aggregate of USD 5.43 million in IBC and held a 17.29% stake on a fully diluted basis. With the latest investment, Himadri`s aggregated stake has increased to 20.47% on a fully diluted basis, comprising both common and preferred stock. The increased investment reflects the meaningful progress achieved through the partnership over the past year and Himadri`s continued confidence in IBC`s technology platform, commercialization roadmap, and long-term growth potential.This partnership marks a significant milestone for Himadri, supporting the commercial deployment of its Lithium Iron Phosphate (LFP) Cathode Active Materials and advanced Anode Materials. Through this alliance, Himadri gains strategic access to IBC`s advanced battery technology capabilities, its R&D centre in California, manufacturing facility in South Korea, and the upcoming Gigafactory in Bengaluru, India.