Himadri Speciality Chemical Ltd completed its final tranche investment in Sicona Battery Technologies Pty Ltd, bringing the total commitment to AUD 18.45 million through Compulsorily Convertible Notes (CCNs).

The company remitted AUD 16.94 million in cash on August 25, 2026, for the subscription of 16,940,000 CCNs with a face value of AUD 1.00 each. This marks the conclusion of the multi-tranche investment plan approved by the Board of Directors in May 2025.

Investment Structure

The total holding now stands at 1,84,47,000 CCNs. The earlier tranches accounted for an investment of AUD 167.53 million in cash for 1,67,530,000 CCNs.

Regulatory Disclosure

The intimation was issued under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Himadri confirmed that no additional voting rights or control were acquired in Sicona at this stage, as the instruments remain as CCNs until conversion per agreed terms.

No changes were reported to the disclosures previously submitted to stock exchanges on May 13, 2025, except for this final tranche update.

Himadri Speciality Chemical has unveiled an ambitious two-phase capital investment programme totalling ₹2,800 crore, according to a newspaper report. The company plans to deploy ₹1,300 crore in the current year, followed by a further ₹1,500 crore in the year after, marking one of the most significant capacity expansion drives in its history.

Investment Breakdown

The planned investments span three key focus areas, reflecting the company's strategic emphasis on high-growth advanced materials segments. The following table summarises the investment details as reported:

Key Areas of Expansion

The capital allocation targets three distinct business verticals:

• Li-Ion Battery Materials: Expansion into lithium-ion battery material manufacturing, positioning the company within the growing energy storage supply chain.
• Specialty Carbon Products: Continued investment in specialty carbon, a core segment for the company.
• Carbon Nanotube Plant: Development of what is reported to be the first commercial-scale carbon nanotube manufacturing facility in India, representing a significant industrial milestone for the domestic advanced materials sector.

Strategic Significance

The proposed carbon nanotube plant is particularly noteworthy, as it would mark the first commercial-scale facility of its kind in India. Carbon nanotubes are increasingly used as conductive additives in lithium-ion battery electrodes, among other industrial applications, making this investment closely aligned with the company's battery materials strategy. The phased nature of the investment—₹1,300 crore this year and ₹1,500 crore the next—suggests a structured approach to scaling up capacity across these segments simultaneously.