Himatsingka Seide Limited has notified stock exchanges regarding the conversion of its statutory auditors from a partnership firm to a Limited Liability Partnership (LLP) structure. The announcement was made on January 16, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Conversion Details

The company's statutory auditors, M S K A & Associates, Chartered Accountants, completed their conversion to a Limited Liability Partnership under the Limited Liability Partnership Act, 2008, effective January 13, 2026. Following the conversion, the firm is now operating under the name M S K A & Associates LLP, Chartered Accountants.

Impact on Audit Engagement

Himatsingka Seide Limited has emphasized that this constitutional change in the auditing firm's structure will have no impact on the existing audit engagement. The company stated that M S K A & Associates LLP will continue to serve as the statutory auditors for the remaining period of their approved tenure.

The conversion represents a structural change in the auditing firm's legal constitution rather than a change in audit personnel or engagement terms. This ensures continuity in the company's audit processes and compliance requirements.

Regulatory Compliance

The notification was submitted to both major stock exchanges where the company's shares are listed:

• BSE Limited: Scrip Code 514043
• National Stock Exchange of India Limited: Symbol HIMATSEIDE

The announcement was signed by Bindu D., Company Secretary & Compliance Officer, ensuring proper authorization and compliance with regulatory disclosure requirements under SEBI regulations.

Himatsingka Seide Limited has successfully completed the allotment of Series B Non-Convertible Debentures (NCDs) worth ₹100.00 crores through private placement. The Securities Committee of the Board of Directors finalized the allotment on December 19, 2025, following the board approval granted on December 12, 2025.

Allotment Details and Timeline

The company allotted 1,000 Series B NCDs on December 19, 2025, each carrying a face value of ₹10.00 lakhs at par value. The allotment was completed within the stipulated timeline of one month from board approval, demonstrating efficient execution of the fundraising plan.

NCD Structure and Security Framework

The debentures are INR-denominated, unlisted, senior, secured, redeemable and transferable instruments issued through private placement. The NCDs are backed by comprehensive security arrangements including first pari passu charge on moveable and immoveable fixed assets at Hassan and Doddaballapur plants.

Redemption Schedule and Payment Terms

The debentures feature a structured redemption mechanism with a 12-month moratorium period followed by 10 quarterly installments. The repayment structure includes applicable redemption premium as required, with a default penalty of 2% for delays exceeding three months from due dates.

Regulatory Compliance and Communication

Himatsingka Seide has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Regulations. The allotment details have been communicated to both BSE Limited and National Stock Exchange of India Limited through reference HSL/SEC/2025/88 dated December 19, 2025, ensuring complete regulatory compliance.