Himadri Speciality Chemical Limited — JV/Acquisition, 01-04-2025: Acquisition

Himadri Speciality Chemical Ltd has exercised its option to convert 30,00,000 Secured Optionally Convertible Debentures (OCDs) into the same number of equity shares of Birla Tyres Limited (BTL), resulting in a 99.67% stake in the company and making BTL a subsidiary. This acquisition aligns with a resolution plan approved by the NCLT, aiming to enhance strategic positioning in the tyre industry. BTL, incorporated in 2018, reported no turnover in the last fiscal year, but past performance shows revenues fluctuating between ₹0.20 Cr and ₹5.41 Cr over the last three years.