Himadri Speciality Chemical Limited — Important, 30-12-2024: Updates

Disclosure under Regulation 29(2) highlights that Modern Hi-Rise Private Limited, a member of the promoter group, has acquired 2,500,000 shares of Himadri Speciality Chemical Limited (HSCL) through open market transactions. Following this acquisition, the total holding of the promoter group increases to 264,551,350 shares, representing 51.57% of the voting rights. The total diluted share capital remains 504,439,224 shares after this transaction. This move consolidates the promoters' control over HSCL, suggesting a positive outlook on their commitment to the company. Investors may view this as a sign of confidence in HSCL's future growth and strategies.