Himadri invests AUD 25.59 lakh in Sicona Battery Technologies
Himadri Speciality Chemical Ltd has invested an additional AUD 25,59,000 in Sicona Battery Technologies Pty Ltd through the subscription of Compulsorily Convertible Notes (CCNs). With this tranche, the company's total cumulative investment in Sicona reaches AUD 1,67,53,000 for 1,67,53,000 CCNs. The remaining investment for 16,94,000 CCNs will be completed in agreed tranches, with no change in voting rights or control at this stage.
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himadri speciality chemical has announced an additional investment in Sicona Battery Technologies Pty Ltd through the subscription of Compulsorily Convertible Notes (CCNs). The company has invested AUD 25,59,000 in cash for this tranche, subscribing to 25,59,000 CCNs with a face value of AUD 1.00 each. This move follows the company's earlier announcement regarding further investments in Sicona through agreed tranches.
Prior to this latest infusion, the company had already invested AUD 1,41,94,000 in cash towards the subscription of 1,41,94,000 CCNs. Consequently, the company now cumulatively holds 1,67,53,000 CCNs in Sicona. The remaining investment for 16,94,000 CCNs is scheduled to be made in agreed tranches at a later date.
Investment Details
The following table outlines the investment made by Himadri Speciality Chemical Ltd in Sicona Battery Technologies Pty Ltd:
| Investment Tranche | Amount Invested (AUD) | CCNs Subscribed | Face Value (AUD) |
|---|---|---|---|
| Earlier Tranche | 1,41,94,000 | 1,41,94,000 | 1.00 |
| Current Tranche | 25,59,000 | 25,59,000 | 1.00 |
| Total | 1,67,53,000 | 1,67,53,000 | 1.00 |
Terms and Control
The investment is structured in the form of CCNs, which means the company has not acquired any additional voting rights or control in Sicona at present. The notes are convertible into shares of Sicona as per the agreed terms between the parties. The company confirmed that there is no change in the disclosures previously provided to the stock exchanges except for the details of this additional investment.
Historical Stock Returns for Himadri Speciality Chemical
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.58% | -4.85% | +15.91% | +33.28% | +26.24% | +1,081.39% |
What milestones or performance triggers will determine the conversion timeline of Himadri's CCNs into equity shares of Sicona Battery Technologies?
How might Himadri's growing stake in Sicona position it competitively in the Indian battery materials supply chain as EV adoption accelerates?
Could Himadri's full conversion of CCNs into equity eventually give it a controlling stake in Sicona, and what would that mean for its strategic direction?


































