Himadri Speciality Chemical Limited — Board Meeting, 03-04-2025: Outcome of Board Meeting

Himadri Speciality Chemical Ltd has announced a board meeting outcome, confirming the acquisition of a 60% stake in Trancemarine and Confreight Logistics Private Limited for a total consideration of ₹4.23 crore (Cr) in cash. This acquisition aims to enhance their presence in the strategic resource extraction sector, positioning the company for future growth. The target company, which will become a subsidiary, had a turnover of ₹35.69 Cr for the financial year ending March 2024. The board also authorized related agreements for the acquisition.