Himadri Speciality Chemical has initiated the remote e-voting process for members to approve amendments to its Memorandum of Association (MOA). The voting period commenced on September 28, 2026, and will conclude on October 27, 2026.

The Board of Directors approved these changes on September 18, 2026, enabling new business activities and aligning constitutional documents with the Companies Act, 2013. The proposed alterations require member approval via a special resolution through postal ballot.

E-voting timeline and eligibility

The remote e-voting facility is provided by Central Depository Services (India) Limited (CDSL). Members holding shares in physical or electronic form as on the cut-off date of Friday, September 18, 2026, are eligible to cast their votes. The voting window opens at 9:00 am on Monday, September 28, 2026, and closes at 5:00 pm on Tuesday, October 27, 2026.

The notice is being sent electronically only to those members whose e-mail addresses are registered with the company’s registrar and transfer agent, S. K. Infosolutions Private Limited, or with depositories NSDL and CDSL as on the cut-off date. Members may access the notice and vote via the company website at www.himadri.com or CDSL’s portal at www.evotingindia.com .

Key amendments approved

The company proposed adopting a revised set of MOA to align with Schedule I of the Companies Act, 2013. The existing MOA, based on the erstwhile Companies Act, 1956, divided objects into three parts. The new structure merges existing Clause III(C) into Clause III(B), renumbering clauses accordingly without affecting existing objects.

Additionally, the board approved inserting new objects under Clause III(A) to enable the company to undertake new business activities. These new sub-clauses cover diverse sectors including:

• Rubber, tyres, tubes, and automobile parts manufacturing and services.
• Battery materials, energy storage systems, and electric vehicle components.
• Waste processing, recycling, and green technologies including hydrogen production.
• Renewable energy modules, solar power projects, and hybrid systems.
• Fertilizers, crop nutrition products, agri-biological solutions, and animal health products.
• Mining, extraction, and processing of critical minerals such as lithium, cobalt, and rare earth elements.

The revised MOA also incorporates changes in the liability clause and capital clause to meet statutory requirements. The share capital clause specifies equity share capital of ₹70,01,00,000 divided into 70,01,00,000 equity shares of ₹1 each.

Regulatory compliance and scrutiny

The disclosures were made in accordance with SEBI Master Circular no. Ho/49/14/14(7)2025-Cfd-Pod2/I/3762/2026 dated January 30, 2026. Ms. Stuti Pithisaria of M/s SP & SA Associates has been appointed as the Scrutinizer to conduct the postal ballot in a fair and transparent manner.

The results of the postal ballot, along with the Scrutinizer’s report, will be announced not later than two working days after the conclusion of the remote e-voting period. The declared results will be available on the company’s website and communicated to BSE Limited and National Stock Exchange of India Ltd.

Monika Saraswat, Company Secretary & Compliance Officer, signed the disclosure letter addressed to both stock exchanges.

Himadri Speciality Chemical Ltd subsidiary Trancemarine and Confreight Logistics Private Limited has agreed to sell a 34% stake in its subsidiary, Sturdy Niketan Private Limited. The transaction involves the sale of equity shares and is expected to conclude within 10 days of signing.

Transaction structure and ownership

Following the divestment, Sturdy Niketan Private Limited will remain a subsidiary of Trancemarine and a step-down subsidiary of Himadri Speciality Chemical Ltd. Trancemarine retains a 65% holding in the entity.

The company clarified that neither Trancemarine nor Sturdy is a material subsidiary of Himadri Speciality Chemical Ltd. Consequently, this transaction does not constitute a sale or disposal of shareholding or assets of a material subsidiary under regulatory definitions.

Regulatory compliance and buyer details

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the buyers are not related to the promoter, promoter group, or group companies of the company. Therefore, the transaction does not fall within the scope of related party transactions.

Analytical observation

The retention of a 65% majority stake indicates that while Himadri Speciality Chemical Ltd is reducing its exposure to Sturdy Niketan Private Limited, it maintains full operational control and consolidation rights over the entity. The transaction appears to be a strategic partial exit rather than a complete divestment, allowing the parent company to potentially realize value from the minority interest without losing control of the step-down subsidiary.