PAC reduces stake in Himadri Speciality Chemical to 6.25%

Shyam Group of Industries, acting as Persons Acting in Concert (PAC), has reduced its shareholding in Himadri Speciality Chemical Limited to 6.25%. The group divested a total of 99,00,000 shares through open market operations and inter-se transfers between March 19, 2025, and July 1, 2026. This transaction lowers the PAC's stake from 8.21% to 6.25% of the total paid-up capital.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Ltd in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer and PACs clarified that they do not belong to the promoter or promoter group of the target company.

Shareholding Details

The total equity share capital of Himadri Speciality Chemical Limited stands at 50,45,41,599 shares of Re 1 each. The diluted share capital is reported as 50,46,34,543 equity shares. The shareholding percentages were calculated based on the share capital provided in the latest shareholding pattern as on March 31, 2026.

The following table details the changes in holdings by the various PAC members:

Holder Name	Existing Shares	Existing %	Change in Shares	Change %	Balance Shares	Balance %
Sumitra Devi Agarwal	3,54,563	0.07	-	-	3,54,563	0.07
Brij Bhushan Agarwal	4,85,677	0.10	-	-	4,85,677	0.10
Sheetij Agarwal	4,49,378	0.09	6,00,000	0.12	10,49,378	0.21
Shubham Agarwal	19,43,000	0.39	(10,00,000)	(0.20)	9,43,000	0.19
Tanishi Agarwal	12,50,000	0.25	-	-	12,50,000	0.25
Brij Bhushan Agarwal & Sons (HUF)	21,77,058	0.43	-	-	21,77,058	0.43
Mahabir Prasad Agarwal & Sons (HUF)	13,15,240	0.26	-	-	13,15,240	0.26
Dorite Tracon Pvt. Ltd.	28,34,022	0.56	(18,00,000)	(0.36)	10,34,022	0.20
Toplight Mercantile Pvt. Ltd.	19,50,000	0.39	-	-	19,50,000	0.39
Narantak Dealcomm Ltd.	1,46,24,155	2.90	(35,00,000)	(0.69)	1,11,24,155	2.20
Subham Buildwell Pvt. Ltd.	64,05,661	1.27	(19,65,000)	(0.39)	44,40,661	0.88
Suhag Overseas Trading Pvt. Ltd.	31,92,717	0.63	(2,00,000)	(0.04)	29,92,717	0.59
Subham Capital Pvt. Ltd.	26,05,417	0.52	(12,35,000)	(0.24)	13,70,417	0.27
Dasbhuja Wholesellers Pvt Ltd.	18,24,457	0.36	(8,00,000)	(0.16)	10,24,457	0.20
Total	4,14,11,345	8.21	(99,00,000)	(1.96)	3,15,11,345	6.25

Key Transactions

Sheetij Agarwal acquired 6,00,000 shares, increasing his individual stake to 0.21%. Conversely, several entities reduced their holdings, including Narantak Dealcomm Ltd, which sold 35,00,000 shares, and Subham Buildwell Pvt. Ltd, which sold 19,65,000 shares. Dasbhuja Wholesellers Pvt Ltd, which has been merged with Subham Capital Private Limited, sold 8,00,000 shares.

The filing was signed by Mahabir Prasad Agarwal on behalf of the acquirer and PACs on July 2, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.75%	+8.46%	+22.56%	+75.35%	+52.17%	+1,353.53%

Himadri Speciality Chemical has announced plans to build a 100 GWh battery materials plant, targeting ₹30,000 crore in additional revenue over the next five years. The company expects to generate revenue and profit from its battery business by FY29, while also anticipating strong demand for cell manufacturing raw materials. These announcements underscore the company's intent to scale operations considerably across its battery materials and other business verticals.

Battery Business Timeline and Outlook

Himadri Speciality Chemical has outlined a clear timeline for its battery segment, with revenue and profitability expected to materialise by FY29. The company also anticipates robust demand for raw materials used in cell manufacturing, which is expected to support its growth trajectory in this segment. The planned 100 GWh battery materials plant represents a significant step in the company's ambition to become a large-scale player in the domestic battery materials supply chain.

The key highlights of the company's announced plans are summarised below:

Parameter:	Details
Target Additional Revenue:	₹30,000 crore
Revenue Target Timeline:	Next 5 years
Planned Products:	Cathode and anode materials
Plant Capacity Target:	100 GWh
Expected Revenue & Profit Timeline:	FY29
Demand Outlook:	Strong demand for cell manufacturing raw materials

Growth Across Business Areas

Beyond its battery materials ambitions, the company has indicated expectations of significant growth across various business areas. The planned entry into cathode and anode production represents a forward-looking diversification for Himadri Speciality Chemical, which has historically been associated with specialty carbon and chemical products. The dual focus on revenue scale and production capacity, anchored by the FY29 profitability milestone, reflects the breadth of the company's expansion strategy within the battery materials space.