Himadri Speciality Chemical Ltd opened a new office in Mumbai on June 20, 2026, to strengthen its presence and business operations in the Western Region. The strategic move aims to enhance the company's operational footprint in a key market.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new facility is located at Fleet House, 1st Floor, Andheri - Kurla Rd, Gamdevi, Marol, Andheri East, Mumbai, Maharashtra 400059.

Mumbai Office Details

The company stated that the new office will support its business objectives in the region. Himadri Speciality Chemical Ltd, formerly known as Himadri Chemicals & Industries Limited, is headquartered in Kolkata.

Himadri Speciality Chemical Ltd has increased its shareholding in International Battery Company, Inc. (IBC) to 20.47% on a fully diluted basis following a fresh investment of USD 0.66 million. The company acquired 6,00,000 Common Stock of IBC, having a face value of USD 0.00001 each, on June 18, 2026. This transaction takes the total investment cost for the 20.47% stake to USD 6.09 million, comprising both common and preferred stock.

Prior to this investment, Himadri held a 17.29% stake in IBC on a fully diluted basis, following an earlier cash investment of USD 5.43 million. The latest acquisition was completed via cash consideration. IBC is a Delaware corporation incorporated on October 24, 2022, and focuses on the manufacturing of chemistry-agnostic prismatic lithium-ion cells and technological developments.

Strategic Significance

The strategic partnership marks the start of commercial deployment of Himadri's LFP Cathode active and anode materials. Through this alliance, Himadri gains strategic access to IBC's manufacturing infrastructure in South Korea, its R&D centre in California, and its upcoming Gigafactory in Bengaluru. IBC secures a reliable supply of critical battery materials while leveraging Himadri's expertise in materials science and supply chain management.

Mr. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd, stated that the decision to increase the stake is backed by tangible progress achieved over the past year, including successful validation of battery materials and advancement of next-generation cell development programs. He emphasized that the collaboration supports the commercialization of the battery materials portfolio and strengthens the company's position across the global battery value chain.

The turnover of IBC was nil for the financial year ending December 31, 2025. The acquisition does not fall within related party transactions, although promoters of Himadri have an interest to the extent of their shareholding in the company. No governmental or regulatory approvals were required for the acquisition.

Investment Details

The following table summarises the key parameters of the latest acquisition:

Financial History of IBC

The table below outlines IBC's turnover across reported financial years: