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

Himadri Speciality Chemical Ltd has converted 1,44,118 of its 0.01% Unsecured Optionally Convertible Debentures (OCDs) into an equal number of equity shares of Himadri Birla Tyre Manufacturer Private Limited (HBTMPL), resulting in a 49% equity stake in the company. This acquisition aligns with a resolution plan approved by the NCLT and aims to strengthen Himadri's portfolio in the tyre industry, enhancing its market presence. Post-conversion, HBTMPL has a paid-up capital of INR 29.41 cr, although it reported nil turnover in the last financial year. The strategic move underscores Himadri's focus on leveraging synergies within related party operations.