Himadri Speciality Chemical has successfully completed the acquisition of 100% equity shares in Himadri Power Limited, making it a wholly owned subsidiary effective February 11, 2026. The transaction was completed for a total purchase consideration of ₹2.50 lakh through cash payment.

Acquisition Completion Details

The company announced the completion of this strategic acquisition under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This follows the earlier announcement made on February 4, 2026, regarding the planned acquisition.

Transaction Structure

The acquisition was executed through the purchase of equity shares from existing shareholders of Himadri Power Limited. The entire transaction was conducted in cash, representing a complete ownership transfer to Himadri Speciality Chemical.

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI Master Circular and has informed both BSE (Listing Code: 500184) and NSE (Listing Code: HSCL) about the completion of this acquisition. All necessary documentation and disclosures have been submitted to the stock exchanges as per regulatory guidelines.

This acquisition strengthens Himadri Speciality Chemical's business portfolio and establishes complete control over Himadri Power Limited's operations going forward.

Himadri Speciality Chemical Ltd delivered exceptional financial performance in the third quarter of FY26, demonstrating strong operational execution and strategic progress across its diversified portfolio. The company's earnings conference call, held on January 21, 2026, revealed robust growth metrics and significant operational milestones that position the company for sustained expansion.

Strong Financial Performance Drives Growth

The company's financial results for Q3 FY26 showcase consistent execution despite dynamic market conditions. On a standalone basis, the performance metrics reflect the effectiveness of the company's strategic focus on value-added products.

For the nine-month period ending December 31, 2025, the company achieved even more impressive results, with PAT reaching ₹564 crores compared to approximately ₹400 crores in the corresponding period of FY25, marking a substantial 41% year-on-year growth.

Operational Excellence and Capacity Expansion

The company achieved a significant milestone with the commencement of trial production at its speciality carbon black expansion project. This development creates the world's largest single-site speciality carbon black plant with a total capacity of 130,000 metric tons per annum, substantially enhancing the company's ability to serve growing demand for customized carbon black grades.

Operational metrics for nine months FY26 demonstrated improved efficiency:

The 15% improvement in EBITDA per metric ton reflects the company's continued focus on high value-added offerings and operational efficiency improvements.

Strategic Infrastructure Development

The company successfully commissioned its Mangalore port terminal, delivering 3,600 metric tons of liquid coal tar pitch to the Middle East market. This establishes a second export corridor alongside Haldia, significantly enhancing logistics flexibility and opening access to new global markets. The Middle East represents a strategic focus area as it constitutes the single largest manufacturing base for the aluminium industry after China.

Future Growth Trajectory and Guidance

Management provided clear guidance regarding the company's growth trajectory, indicating confidence in doubling PAT from FY25 levels by FY28. This projection is supported by multiple growth drivers including new capacity additions, value-added product expansion, and entry into battery materials.

The company's lithium iron phosphate (LFP) cathode active material project remains on track for Q3 FY27, with the first commercial phase targeting 40,000 metric tons per annum capacity. Management expects FY29 to be the full operational year for LFP, with full capacity utilization anticipated and asset turnover exceeding 2x.

Promoter Confidence and Capital Structure

During the quarter, promoters strengthened their stake through conversion of one crore warrants into equity at ₹316 per warrant, bringing promoter shareholding to 52.5%. This development underscores long-term commitment and confidence in the company's growth trajectory while enhancing the capital structure.

Sustainability and Recognition

The company's commitment to sustainability was reaffirmed through EcoVadis awarding Himadri the platinum medal for the second consecutive year, placing it among the top 1% of over 150,000 companies globally assessed on ESG parameters. Additionally, the company received certification as a Great Place to Work, reflecting its strong organizational culture.