Himadri Speciality Chemical Acquires 100% Stake in Himadri Power for ₹2.5 Lakhs
Himadri Speciality Chemical Limited will acquire 100% of Himadri Power Limited for ₹2.5 Lakhs in cash. The acquisition aims to enter the mining and mineral processing business. Himadri Power Limited will become a Wholly Owned Subsidiary upon completion, expected within 60 days.
The acquisition is of a relatively small value (₹2.5 Lakhs) but represents a strategic move into a new business area, which could have a medium-term impact on the company's diversification and future growth.
The acquisition is positive as it allows the company to expand into a new business vertical (mining and mineral processing) and establish a wholly-owned subsidiary.
Himadri Speciality Chemical Limited announced today, February 4, 2026, that its Board of Directors has approved the acquisition of 100% of the paid-up equity share capital of Himadri Power Limited. The total purchase consideration for this acquisition is ₹2,50,000 (Indian Rupees Two Lakh Fifty Thousand only) in cash. This transaction will be executed through the purchase of equity shares from the existing shareholders of Himadri Power Limited.
Following the acquisition, Himadri Power Limited will become a Wholly Owned Subsidiary (WOS) of Himadri Speciality Chemical Limited. The Board also approved the execution of a Share Purchase Agreement (SPA) and other necessary documents related to the acquisition. The Target Company, Himadri Power Limited, was incorporated on December 30, 2008, and its registered office is in Kolkata. Its authorized capital is ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each, with a paid-up capital of ₹5,00,000, divided into 50,000 equity shares of ₹10 each. The turnover for the financial year ended March 31, 2025, was Nil.
The acquisition is aimed at enabling Himadri Speciality Chemical Limited to enter the business of mining, development, operation, processing, and refining of minerals. The transaction is considered a related party transaction as the promoters and their relatives are the shareholders of the Target Company, but it is being conducted on an arm's length basis and in compliance with SEBI regulations. The acquisition is expected to be completed within sixty (60) days from the date of signing the SPA.
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Himadri Speciality Chemical Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Himadri Speciality Chemical Limited. Read the original for the full detail.