Himadri Speciality Chemical Ltd has announced the acquisition of 100% paid-up equity share capital of Himadri Power Limited for a total 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. The Board approved this acquisition during its meeting on February 4, 2026.
Acquisition Announcement
Himadri Speciality Chemical Ltd will acquire 100% of the equity stake in Himadri Power Limited. The decision was made during a board meeting held on February 4, 2026.
Deal Terms
The total purchase consideration for this acquisition is INR 2,50,000, to be paid in cash. This will result in Himadri Power Limited becoming a wholly owned subsidiary.
Rationale
The management plans for the company to enter the business of mining, development, operation, processing, and refining of minerals. The Target Company will be in the business of mining, development, operation, processing and refining of minerals.
Target Company Details
Himadri Power Limited has an authorized capital of INR 10,00,000, divided into 1,00,000 equity shares of INR 10 each, and a paid-up capital of INR 5,00,000, divided into 50,000 equity shares of INR 10 each. As of March 31, 2025, the turnover of the Target Company was Nil. The acquisition is expected to be completed within 60 days from February 4, 2026.
Source: BSE
