himadri speciality chemical allotted commercial papers aggregating to ₹150 crore on 09 July 2026 to raise short-term capital. The unsecured debt instruments carry a coupon rate of 6.60% per annum, providing the company with immediate liquidity at a fixed cost. The papers were issued in favor of Kotak Mahindra Bank, with ICICI Bank Limited acting as the Issue and Paying Agent.

The Finance and Management Committee of the Board of Directors approved the allotment of 3,000 units, each with a face value of ₹5,00,000. The commercial papers have a tenure of 90 days and are scheduled to mature on 07 October 2026. Interest payments will be made upfront, while the principal amount is due upon maturity. The securities will be listed on BSE Ltd under the ISIN INE019C14672.

Key Details of the Allotment

The company confirmed that there are no special rights attached to the commercial papers. Furthermore, there have been no delays in payment of interest or principal amounts exceeding three months, nor are there any adverse comments from regulators regarding the security or its assets.

Himadri Speciality Chemical 's partner, Siconna, has secured a significant grant of $31 million, equivalent to approximately Rs 300 Cr, for the development of a battery material plant in Australia. This development represents a key milestone for the partnership and reflects the growing momentum in battery material manufacturing investments.

Grant Details

The following table summarizes the key details of the grant secured by Siconna:

Strategic Significance

The grant secured by Siconna underscores the increasing global emphasis on building robust battery material supply chains. The establishment of a battery material plant in Australia is aligned with the broader trend of scaling up battery-grade material production capacity across key geographies. As a partner of Himadri Speciality Chemical, Siconna's achievement of this funding marks a meaningful step forward for the collaboration in the battery materials space.