Himadri Speciality Chemical Ltd (HSCL) has announced the renaming of two of its wholly owned subsidiaries, effective August 21, 2025. The company disclosed this information in a recent filing with the stock exchanges.

Details of the Renamed Subsidiaries

The renamed subsidiaries are:

1. Combe Projects Ltd (formerly known as Combe Projects Private Limited) has been renamed to Himadri Agro Tech Specialities Ltd.
2. Elixir Carbo Ltd (formerly known as Elixir Carbo Private Limited) has been renamed to Himadri Advance New Energy Material Ltd.

Official Approval and Implementation

The name changes have been approved by the Registrar of Companies, Ministry of Corporate Affairs. Himadri Speciality Chemical has officially notified both the BSE Limited and the National Stock Exchange of India Ltd about these changes.

Significance of the Name Changes

The renaming of these subsidiaries appears to align more closely with their respective focus areas:

• The new name 'Himadri Agro Tech Specialities Ltd' suggests a focus on agricultural technology and specialities.
• 'Himadri Advance New Energy Material Ltd' indicates a potential emphasis on advanced materials for new energy applications.

These name changes might reflect Himadri Speciality Chemical's strategic direction and diversification efforts in the agro-tech and new energy materials sectors.

Monika Saraswat, the Company Secretary & Compliance Officer of Himadri Speciality Chemical Ltd, signed the official communication to the stock exchanges regarding these changes.

Himadri Speciality Chemical Ltd has reported its highest-ever quarterly EBITDA and PAT for Q1, marking a strong start to the new financial year. The company's performance reflects its strategic focus on capacity expansion, technology-driven product development, and deeper global integration.

Financial Highlights

• Standalone EBITDA reached Rs 234.00 crores, while PAT stood at Rs 183.00 crores.
• Consolidated revenue declined to Rs 1,118.00 crores from Rs 1,200.00 crores year-on-year, primarily due to raw material price corrections.
• Consolidated PAT grew by 46% to Rs 179.00 crores.
• Sales volume increased to 1,40,090 metric tonnes from 1,39,175 metric tonnes year-on-year.

Operational Highlights

• Performance driven by increased sales of high-value added products, better operational efficiencies, improved yield, and waste heat recovery systems.
• Commissioned a new terminal at Mangalore, enhancing logistic capabilities and export competitiveness.
• On track to commission 70,000 metric tonnes of speciality carbon black capacity by Q3.

Strategic Developments

• Entered an exclusive technology licensing agreement with Sicona for silicon carbon anode material.
• Acquired a 16.24% equity stake in International Battery Company (IBC).
• Birla Tyres operations commenced with Rs 5.00 crores revenue in the June quarter.
• Announced plans for the world's first commercial Lithium Iron Phosphate (LFP) manufacturing plant outside China, with 40,000 metric tonnes capacity expected to be operational by Q3.

Future Outlook

• Management expects net profit to double from FY24 to FY27.
• The company is focusing on expanding its presence in the lithium-ion battery components market, with plans to cater to 100 gigawatts of lithium-ion battery capacity in the next five to six years.
• Himadri is exploring backward integration opportunities, including potential mining ventures for raw materials.

Management Commentary

Anurag Choudhary, Chairman and Managing Director & CEO, stated, "This quarter marks the beginning of what we believe will be a transformative phase for Himadri. With a clear strategy, strong execution, and an unwavering focus on innovation and sustainability, we are confident in the road ahead."

He further added, "The real Himadri journey will start after FY27. We are currently at less than 1 on a scale of 1 to 10 in terms of our potential achievement."

The company's focus on high-value products, operational efficiencies, and strategic expansions positions it well for future growth in the speciality chemicals and advanced materials sectors. Investors will be closely watching Himadri's progress in its ambitious plans, particularly in the lithium-ion battery components and speciality carbon black markets.