Himadri Speciality Chemical Ltd. has received a certificate from its statutory auditors, Singhi & Co., confirming compliance with Regulation 169(4) of the ICDR (Issue of Capital and Disclosure Requirements) Regulations, 2018. The certificate confirms the company’s maintenance of relevant documents as of the certificate date.
ICDR Regulation Compliance
Himadri Speciality Chemical Ltd. has received confirmation of its compliance with specific regulations concerning capital issuance and disclosure. The company’s statutory auditors, Singhi & Co., issued a certificate stating that Himadri Speciality Chemical Ltd. adheres to Regulation 169(4) of the ICDR Regulations, 2018.
Details of Warrant Conversion
The auditor’s certificate relates to the receipt of consideration related to the allotment of equity shares upon the conversion of warrants on a preferential basis. Specifically, this relates to the balance of 75% of the amount on allotment of equity shares on conversion of 24,000 warrants out of a total of 108,17,000 preferential convertible warrants, initially issued on May 14, 2024. Each warrant is convertible into one equity share at an issue price of ₹316.
Auditor’s Findings
Singhi & Co.’s review found no indications that the provided details are non-compliant with sub-para (4) of para 169 of Part VI of chapter V of the ICDR Regulations, or that the relevant documents are not maintained by the Company as of the certificate’s issue date, November 13, 2025.
Source: BSE
