Himadri Speciality Chemical Ltd has announced the acquisition of 100% paid-up equity share capital of Himadri Power Limited for a total purchase consideration of INR 2,50,000. Upon completion of the purchase, Himadri Power Limited will become a Wholly Owned Subsidiary (WOS) of Himadri Speciality Chemical Ltd. The acquisition is expected to be completed within 60 days.
Acquisition Announcement
Himadri Speciality Chemical Ltd will acquire 100% of Himadri Power Limited. The board approved the acquisition on February 4, 2026. The total purchase consideration for this acquisition is INR 2,50,000.
Details of the Acquisition
The company will acquire 100% paid-up equity share capital of Himadri Power Limited via cash purchase. A share purchase agreement (SPA) will be executed to formalize the acquisition. Himadri Power Limited will operate in the business of mining, development, operation, processing, and refining of minerals. The company aims to make it a WOS to enter into the business of mining.
Himadri Power Limited Details
Himadri Power Limited has an authorized capital of INR 10,00,000 divided into 1,00,000 equity shares of INR 10 each. The paid-up capital is INR 5,00,000 divided into 50,000 equity shares of INR 10 each. As of March 31, 2025, the turnover was Nil.
Timeline and Impact
The acquisition is expected to be completed within 60 days. Upon completion, Himadri Power Limited will become a wholly-owned subsidiary (WOS) of Himadri Speciality Chemical Ltd. The promoters and their relatives of Himadri Speciality Chemical Ltd are the 100% shareholders of Himadri Power Limited.
Source: BSE
