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HSCL Remits AUD 1.69M Final Tranche in Sicona; Cumulative CCNs Reach AUD 18.45M
Himadri Speciality Chemical Limited has remitted AUD 16,94,000 (~AUD 1.69M) in cash as the final tranche towards subscribing to 16,94,000 Compulsorily Convertible Notes (CCNs) of face value AUD 1.00 each in Sicona Battery Technologies Pty Ltd. This follows its prior investment of AUD 1,67,53,000 in CCNs approved in May 2025. Following this remittance, HSCL cumulatively holds 1,84,47,000 CCNs in Sicona, representing an aggregate commitment of AUD 18.447M. No additional voting rights or control have been acquired at this stage as instruments remain in convertible note form.
Confidence: HIGH
What changedHSCL completed the final cash tranche remittance of AUD 1.69M, completing its planned AUD 18.45M CCN subscription in Australian battery tech firm Sicona.
Why it mattersStrengthens HSCL's strategic technological alignment in the lithium-ion battery anode space, supporting its planned Rs 1,100 Cr capex into battery materials.
Final tranche remitted: AUD 16,94,000Prior invested amount: AUD 1,67,53,000Total cumulative CCNs held: 1,84,47,000Face value per CCN: AUD 1.00
📅 Short termNeutral; this is the scheduled execution of a previously approved investment tranche without immediate financial impact on revenue or earnings.
📈 Long termStrategic value depends on commercialization of Sicona's silicon-composite battery technology and integration with HSCL's battery materials vertical.
⚠ Risk flags
- Technology and commercialization risk inherent in early-stage battery technology investments
- Forex fluctuations on foreign currency commitments
Key Highlights
Remitted final tranche of AUD 16,94,000 for 16,94,000 CCNs (face value AUD 1.00 each)
Prior investment stands at AUD 1,67,53,000 across 1,67,53,000 CCNs
Cumulative holding reaches 1,84,47,000 CCNs in Sicona Battery Technologies Pty Ltd
Investment remains in convertible note format with conversion into equity per agreed terms
👀 What to Watch
Track subsequent conversion milestones of CCNs into Sicona equity shares and progress on HSCL's planned 40,000 MTPA lithium-ion battery material facilities.
HSCL Q1FY27: Rs 240 Cr Capex for CNT and Super Speciality Carbon; PAT at Rs 228 Cr
HSCL reported a strong Q1FY27 with revenue of Rs 1,432 Cr and a PAT of Rs 228 Cr, reflecting a 16% PAT margin. The company announced two major high-value initiatives: a 200 MTPA Carbon Nanotube (CNT) facility (Rs 70 Cr capex) and a 6,000 MTPA Super Speciality Carbon Black conversion (Rs 170 Cr capex). Strategic focus is intensifying on the Lithium-ion battery value chain, with the first 2,000 MTPA LFP cathode capacity slated for Q3FY27. Birla Tyres is undergoing a 3-year transition from bias tyres to higher-margin Off-the-Road (OTR) tyres.
Confidence: HIGH
What changedHSCL has formalized its entry into the Carbon Nanotube and Super Speciality Carbon Black segments while providing specific commissioning timelines for its EV battery material projects.
Why it mattersThe shift from commodity coal tar derivatives to high-tech materials like CNTs and LFP cathode materials significantly improves the margin profile and positions the company as a key player in the global energy transition supply chain.
Q1FY27 Revenue: Rs 1,432 CrQ1FY27 PAT: Rs 228 CrNew Capex (CNT + Super Speciality): Rs 240 CrCapex vs Net Worth: ~5.2%LFP Cathode Phase 1 Target: 40,000 MTPA
📅 Short termThe stock may react positively to the strong 22% EBITDA margins and the announcement of high-value specialty chemical projects.
📈 Long termHSCL is structurally transforming into a specialty materials company; the successful scaling of the 200,000 MTPA LFP cathode vision could lead to significant long-term value creation.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk in scaling new technologies like CNT and LFP
- Raw material price volatility (CBFS)
- Long gestation period for Birla Tyres turnaround
Key Highlights
Reported Q1FY27 EBITDA of Rs 313 Cr with a 22% margin, driven by a shift toward higher-value products.
Announced Rs 70 Cr investment for a 200 MTPA Carbon Nanotube (CNT) plant expected to commission in Q4FY27.
Allocated Rs 170 Cr to convert 6,000 MTPA capacity into Super Speciality Carbon Black for niche global markets.
Commissioned a 200 MTPA anode material facility in April 2026, with LFP cathode Phase 1 (40,000 MTPA) underway.
Birla Tyres turnaround involves a 3-year plan to modernize and pivot capacity toward OTR tyres.
👀 What to Watch
Monitor the commissioning of the LFP cathode plant in Q3FY27 and the CNT facility in Q4FY27 as these represent high-margin growth drivers. Watch for the pace of Birla Tyres' transition to OTR tyres, which will be a key factor in long-term profitability.
₹1,432 Cr Record Revenue: HSCL reports 27% PAT growth and ₹240 Cr new speciality capex
HSCL achieved record quarterly performance in Q1 FY27 with revenue of ₹1,432 Cr (+28% YoY) and PAT of ₹228 Cr (+27% YoY). The company maintained strong EBITDA margins of 22%, driven by a better product mix and speciality materials ramp-up. Management announced two new projects: a 200 MTPA Carbon Nanotube facility (₹70 Cr) and a 6,000 MTPA Super Speciality Carbon Black project (₹170 Cr). Additionally, the company increased its stake in International Battery Company to 19.44%, signaling a deep commitment to the EV battery value chain.
Confidence: HIGH
What changedRecord financial performance combined with a formal entry into Carbon Nanotubes and Super Speciality Carbon Black manufacturing.
Why it mattersIt accelerates HSCL's transition from a commodity chemical player to a high-value advanced materials company for the EV and energy storage sectors, potentially re-rating the valuation multiples.
Revenue (Q1 FY27): ₹1,432 CrPAT (Q1 FY27): ₹228 CrNew Capex (CNT + SSCB): ₹240 CrNew Capex vs Net Worth: ~5.2%IBC Stake: 19.44%EBITDA Margin: 22%
📅 Short termThe market is likely to react positively to the record earnings and the clear roadmap for high-margin speciality products.
📈 Long termThe structural shift towards Lithium-ion battery materials (Anode, Cathode, CNT) provides a long-term growth runway beyond traditional industrial chemicals.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk on multiple high-tech capex projects simultaneously
- Dependency on global EV adoption rates and battery chemistry shifts
Key Highlights
Record quarterly Revenue of ₹1,432 Cr, representing a 28% YoY growth compared to Q1 FY26
EBITDA grew 33% YoY to ₹313 Cr, with margins expanding to 22% from 21% in the previous year
Announced ₹240 Cr total capex for Carbon Nanotubes (Q4 FY27) and Super Speciality Carbon Black (Q4 FY28)
Increased strategic stake in International Battery Company (IBC) from 17.29% to 19.44%
Commissioned a 200 MTPA anode material facility in April 2026 at Mahistikry, West Bengal
👀 What to Watch
Monitor the commissioning of the Anthraquinone Phase I in Q2 FY27 and the LFP Cathode 2,000 MTPA facility in Q3 FY27 as immediate growth triggers.
HSCL Q1 FY27 Revenue up 28% YoY; Outlines Rs 1,500 Cr+ Advanced Materials Expansion
HSCL reported a strong Q1 FY27 with consolidated revenue growing 28.04% YoY to Rs 1,432 Cr and PAT increasing 27.36% to Rs 228 Cr. The company is aggressively pivoting from coal tar derivatives to advanced battery materials, committing Rs 1,125 Cr for a 40,000 MTPA LFP Cathode plant and Rs 70 Cr for India's first CNT plant. These investments, totaling over Rs 1,500 Cr, represent a significant expansion relative to its Rs 4,622 Cr net worth. Management aims to compress 30 years of historical growth into the next few years through these sunrise sector entries.
Confidence: HIGH
What changedHSCL has provided a concrete roadmap for its transition from a coal tar processor to a global advanced materials player, with specific capex and commissioning dates for battery materials.
Why it mattersThe shift into Lithium-ion battery materials (LFP, CNT) and speciality chemicals (Anthraquinone) targets higher-margin, less cyclical markets compared to traditional industrial chemicals.
Q1 FY27 Revenue: Rs 1,432 CrQ1 FY27 PAT: Rs 228 CrLFP Capex vs Net Worth: ~24.3%LFP Phase 1 Capacity: 40,000 MTPACNT Capex: Rs 70 CrSSCB Capex: Rs 170 Cr
📅 Short termThe strong Q1 earnings growth and clear project timelines are likely to support positive sentiment in the near term.
📈 Long termThe structural shift towards the EV battery supply chain could fundamentally re-rate the company's valuation if the planned capacities are commissioned and utilized as scheduled by FY27-28.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk in high-tech LFP and CNT manufacturing
- Raw material price volatility (CBFS)
- Ramp-up risks at the newly acquired Birla Tyres
Key Highlights
Q1 FY27 Revenue reached Rs 1,432 Cr, a 28.04% increase over the previous year's quarter.
LFP Cathode Active Material plant (40,000 MTPA) involves Rs 1,125 Cr capex with commissioning targeted for Q3 FY27.
India's first Carbon Nano Tube (CNT) plant with 200 MTPA capacity is planned for Q4 FY27 at a cost of Rs 70 Cr.
Super Speciality Carbon Black (SSCB) expansion of 6,000 MTPA targeted for Q4 FY28 with Rs 170 Cr investment.
Birla Tyres operations commenced on May 29, 2025, with a phased ramp-up in OHT and CV segments through FY28.
👀 What to Watch
Investors should track the execution milestones of the LFP Cathode plant (Q3 FY27) and the CNT facility (Q4 FY27), as these represent high-margin diversifications. Monitor the quarterly ramp-up of Birla Tyres to assess its contribution to the consolidated bottom line.
₹368 Cr Capex for India's First CNT Plant and Speciality Chemical Expansion
HSCL has approved a combined capex of ₹368 crore across three high-value segments: Carbon Nano Tubes (CNT), Super Speciality Carbon Black (SSCB), and an expansion of Anthraquinone/Carbazole capacity. The ₹70 crore CNT facility (200 MTPA) will be India's first using in-house technology, targeting the EV and electronics sectors by Q4 FY27. Additionally, ₹170 crore is allocated to convert 6,000 MTPA of existing capacity into high-margin SSCB by Q4 FY28, while ₹128 crore will double the previously planned Anthraquinone/Carbazole capacity to 5,300 MTPA. These projects, funded via internal accruals, represent approximately 8% of the company's current net worth and signal a strategic shift toward high-margin specialty materials.
Confidence: HIGH
What changedHSCL is diversifying into high-tech materials like Carbon Nano Tubes and doubling its capacity for high-value specialty chemicals (Anthraquinone/Carbazole).
Why it mattersThese high-value products target high-growth sectors like EVs and semiconductors, potentially improving overall OPM (currently 20.7%) and reducing import dependency for critical materials.
Total New Capex: ₹368 CrCapex vs TTM Revenue: ~7.9%CNT Capacity: 200 MTPASSCB Capacity: 6,000 MTPAAnthraquinone Total Capacity: 5,300 MTPA
📅 Short termPositive sentiment expected due to the 'India's first' CNT facility claim and the focus on the EV supply chain ecosystem.
📈 Long termStructural shift toward specialty chemicals and battery materials could lead to margin expansion and higher valuation multiples over the next 2-3 years.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk for in-house developed CNT technology
- Long gestation period for SSCB (Q4 FY28 commissioning)
Key Highlights
₹70 Cr investment for India's first 200 MTPA Carbon Nano Tube (CNT) facility expected by Q4 FY27
₹170 Cr for 6,000 MTPA Super Speciality Carbon Black (SSCB) facility expected by Q4 FY28
₹128 Cr additional capex to double Anthraquinone/Carbazole capacity from 2,600 to 5,300 MTPA
Total new capex of ₹368 Cr represents ~7.9% of TTM Revenue (₹4,661 Cr)
Anthraquinone expansion to be commissioned in two phases: Phase 1 by Q2 FY27 and Phase 2 by Q2 FY28
👀 What to Watch
Monitor the execution timelines for the CNT facility (Q4 FY27) and the margin impact as the company shifts from commodity to specialty carbon black products.
HSCL approves ₹368 Cr capex for high-value specialty chemicals and India's first CNT facility
HSCL has approved three major capex projects totaling ₹368 Cr, primarily funded through internal accruals, representing ~7.9% of TTM revenue. The company is doubling its Anthraquinone and Carbazole capacity to 5,300 MTPA and establishing India's first Carbon Nano Tubes (CNT) facility with a 200 MTPA capacity by Q4 FY27. Additionally, ₹170 Cr is allocated to convert 6,000 MTPA of existing capacity into Super Speciality Carbon Black by Q4 FY28. Q1 FY27 Profit Before Tax rose to ₹294.07 Cr from ₹221.07 Cr in the year-ago period.
Confidence: HIGH
What changedHSCL has committed to entering the high-tech Carbon Nano Tubes market and significantly expanded its specialty chemical and super-specialty carbon black investment pipeline.
Why it mattersThe move signals a strategic shift from commodity chemicals to high-value additives for EVs, semiconductors, and aerospace, which typically command higher margins and better pricing power.
Total Capex Approved: ₹368 CrCapex vs TTM Revenue: ~7.9%CNT Capacity: 200 MTPAQ1 FY27 Profit Before Tax: ₹294.07 CrAnthraquinone Capacity Target: 5,300 MTPASSCB Conversion Capacity: 6,000 MTPA
📅 Short termThe market is likely to react positively to the entry into the 'India-first' CNT segment and the healthy growth in quarterly profit before tax.
📈 Long termSuccessful execution of these projects could structurally improve OPM and re-rate the business as a key supplier to the EV and semiconductor ecosystems.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk of in-house developed CNT technology
- Gestation period for high-value product adoption in niche markets
- Simultaneous execution of multiple large-scale projects
Key Highlights
₹128 Cr additional capex to double Anthraquinone and Carbazole capacity from 2,600 to 5,300 MTPA
₹70 Cr investment for India's first 200 MTPA Carbon Nano Tubes (CNT) facility using in-house technology
₹170 Cr for 6,000 MTPA Super Speciality Carbon Black conversion expected by Q4 FY28
Q1 FY27 Profit Before Tax reached ₹294.07 Cr, a 33% increase over the ₹221.07 Cr reported in Q1 FY26
Total approved capex of ₹368 Cr to be funded primarily through internal accruals
👀 What to Watch
Monitor the execution timeline of the CNT facility (Q4 FY27) and Phase 1 of the Anthraquinone expansion (Q2 FY27) to gauge the shift toward high-margin specialty segments.
[ICRA]AA: ICRA Upgrades HSCL Long-Term Rating for Rs 1,980.86 Cr Facilities
ICRA has upgraded the long-term credit rating of Himadri Speciality Chemical Ltd (HSCL) to [ICRA]AA from [ICRA]AA- for its Rs 1,980.86 crore working capital facilities. The outlook has been revised to 'Stable' from 'Positive', while the short-term rating for Rs 500 crore in commercial paper was reaffirmed at [ICRA]A1+. This upgrade is supported by HSCL's strong balance sheet, featuring a low Debt-to-Equity ratio of 0.16 and a healthy ROCE of 23.0%. The total rated facilities of Rs 2,480.86 crore represent approximately 53.7% of the company's net worth of Rs 4,622 crore.
Confidence: HIGH
What changedICRA upgraded HSCL's long-term credit rating by one notch to AA and revised the outlook to Stable.
Why it mattersThis upgrade signals reduced credit risk and provides the company with better leverage to negotiate lower interest rates for its ongoing Rs 1,100 crore expansion projects.
Working Capital Facilities: Rs 1,980.86 CrCommercial Paper: Rs 500.00 CrTotal Rated Facilities vs Net Worth: ~53.7%Debt-to-Equity Ratio: 0.16TTM Revenue: Rs 4,661 Cr
📅 Short termThe upgrade is likely to be viewed positively by the market as a validation of the company's improving financial health and operational discipline.
📈 Long termEnhances the company's ability to fund its transition into the high-growth Lithium-ion battery material sector at more competitive borrowing rates.
Key Highlights
Long-term rating upgraded to [ICRA]AA from [ICRA]AA- for Rs 1,980.86 crore facilities
Short-term rating for Rs 500.00 crore commercial paper reaffirmed at [ICRA]A1+
Outlook revised to Stable from Positive following the credit notch upgrade
Total rated facilities of Rs 2,480.86 crore vs TTM revenue of Rs 4,661 crore
Company maintains a low Debt-to-Equity ratio of 0.16 as per latest financials
👀 What to Watch
Watch for a potential reduction in interest expenses in upcoming quarterly results as the company benefits from improved credit terms for its working capital.
Himadri Speciality Chemical Increases Stake in IBC to 20.47% with USD 0.66M Investment
Himadri Speciality Chemical (HSCL) has increased its equity stake in US-based International Battery Company (IBC) from 17.29% to 20.47% through an additional investment of USD 0.66 million. This follows a previous aggregate investment of USD 5.43 million, bringing the total commitment to approximately USD 6.09 million. The investment is a strategic move to integrate Himadri's cathode and anode materials into IBC's battery technology platform. This partnership grants HSCL access to IBC's R&D in California and its upcoming Gigafactory in Bengaluru, India.
Key Highlights
Increased stake in International Battery Company (IBC) to 20.47% on a fully diluted basis.
Additional investment of USD 0.66 million following a prior investment of USD 5.43 million.
Strategic access to IBC's R&D center in California and upcoming Gigafactory in Bengaluru.
Facilitates commercial deployment of Himadri's LFP Cathode and advanced Anode Materials.
Strengthens downstream integration within the global Lithium-ion battery value chain.
👀 What to Watch
Investors should monitor this as a positive long-term strategic development that positions HSCL as a key player in the EV battery supply chain. The progress of IBC's Bengaluru Gigafactory will be a critical milestone for future revenue visibility.
Himadri Speciality Increases Stake in IBC to 20.47% with USD 6.09 Million Total Investment
Himadri Speciality Chemical Limited (HSCL) has increased its stake in International Battery Company, Inc. (IBC) from 17.29% to 20.47% by investing an additional USD 0.66 million. This brings the total investment in the Delaware-based lithium-ion cell manufacturer to USD 6.09 million. The acquisition is a strategic move to secure manufacturing infrastructure in South Korea and access a future Gigafactory in Bengaluru for HSCL's cathode and anode materials. While IBC is currently in a pre-revenue stage with nil turnover in FY25, the partnership focuses on long-term technological development in the energy storage and mobility sectors.
Key Highlights
Acquired 6,00,000 additional Common Stock of IBC for USD 0.66 million in cash.
Total aggregate stake in IBC reached 20.47% on a fully diluted basis.
Total investment in the target company now stands at USD 6.09 million.
Strategic access gained to IBC’s manufacturing infrastructure in South Korea and upcoming Bengaluru Gigafactory.
Target company specializes in chemistry-agnostic prismatic lithium-ion cells and next-gen energy storage.
👀 What to Watch
Investors should monitor the progress of IBC's Bengaluru Gigafactory as a key milestone for HSCL's entry into the EV battery supply chain. While the investment is strategic, the target is early-stage, making this a long-term growth play rather than an immediate earnings driver.
HSCL Shareholders Approve 80% Dividend and Re-appointment of CMD at 38th AGM
Himadri Speciality Chemical Limited (HSCL) held its 38th Annual General Meeting on June 11, 2026, where all six proposed resolutions were passed with a requisite majority. Shareholders approved a dividend of ₹0.80 per equity share (80% of face value) for the financial year ended March 31, 2026. The meeting also confirmed the re-appointment of Mr. Anurag Choudhary as CMD & CEO, alongside the extension of terms for two Independent Directors. A total of 346.1 million votes were polled for the adoption of financial statements, reflecting nearly 100% shareholder support.
Key Highlights
Approved a dividend of ₹0.80 per equity share (80%) for the financial year 2025-26.
Re-appointed Mr. Anurag Choudhary as Chairman cum Managing Director & CEO.
Re-appointed Independent Directors Girish Paman Vanvari and Gopal Ajay Malpani for second 5-year terms.
Adoption of FY26 financial statements passed with 99.9998% of votes in favor.
The meeting was attended by 119 members via Video Conferencing with a record date of June 4, 2026.
👀 What to Watch
Investors should view the dividend approval and leadership continuity as signs of stability; no immediate action is required beyond tracking the dividend credit.
Himadri Speciality Invests Additional AUD 2.56 Million in Sicona Battery Technologies
Himadri Speciality Chemical Limited (HSCL) has furthered its strategic investment in Australian firm Sicona Battery Technologies Pty Ltd by subscribing to an additional 25.59 lakh Compulsorily Convertible Notes (CCNs) for AUD 2.56 million. This brings the company's total cumulative investment in Sicona to AUD 16.75 million across various tranches. While the current investment in CCNs does not grant immediate voting rights, they are convertible into equity shares as per agreed terms. The company has a remaining commitment to invest in 16.94 lakh more CCNs in future tranches to complete the planned acquisition.
Key Highlights
Invested AUD 2,559,000 in cash for the subscription of 2,559,000 CCNs at AUD 1.00 each.
Cumulative investment in Sicona Battery Technologies now reaches 1,67,53,000 CCNs.
Balance investment of 1,694,000 CCNs remains to be completed in future tranches.
Strategic move to strengthen presence in the global battery technology and EV value chain.
Investment currently held as CCNs with no immediate change in voting rights or control.
👀 What to Watch
Investors should monitor HSCL's progress in the battery materials space as these investments signify a long-term pivot toward the EV ecosystem. The stock remains a key play on the specialty chemicals and energy storage themes in India.
HSCL Promoters Declare Zero Encumbrance on 26.48 Crore Shares for FY26
Himadri Speciality Chemical Limited (HSCL) has filed a disclosure confirming that its promoters and Persons Acting in Concert (PAC) held no encumbered or pledged shares as of March 31, 2026. The declaration, submitted by Mr. Anurag Choudhary, covers a total promoter holding of 26,48,59,302 shares. This annual filing under SEBI (SAST) Regulations ensures transparency regarding the status of promoter holdings. The absence of any share pledging is a positive indicator of the promoters' financial health and commitment to the company.
Key Highlights
Promoters and PAC confirmed zero encumbrances on their shareholding for the financial year 2025-26.
Total promoter and PAC holding as of March 31, 2026, stands at 26,48,59,302 shares.
Modern Hi-Rise Private Limited is the largest promoter entity with 18,54,07,559 shares.
Anurag Choudhary holds 4,33,17,676 shares, representing a significant individual promoter stake.
The disclosure was made in compliance with Regulation 31(4) of SEBI (SAST) Regulations, 2011.
👀 What to Watch
Investors should take this as a positive sign of promoter stability and financial strength as no shares are used as collateral. No immediate action is required, but this confirms the absence of pledge-related risks for the stock.
Himadri Speciality Chemical Reports 19.31% Reduction in Energy Intensity for FY 2025-26
Himadri Speciality Chemical (HSCL) has released its Business Responsibility and Sustainability Report for FY 2025-26, highlighting a 19.31% reduction in energy intensity compared to its baseline. The company is strategically pivoting toward the clean energy ecosystem by investing in Lithium Iron Phosphate cathode and silicon-carbon anode materials. Operational improvements include a digital energy management system and 100% Zero Liquid Discharge across facilities. HSCL remains committed to achieving Net Zero carbon emissions by 2050 while maintaining a Zero Lost Time Injury Frequency Rate.
Key Highlights
Energy intensity improved to 0.747 in FY26 from 0.926 in FY22, representing a 19.31% reduction against the baseline.
Total energy consumption for FY26 was 4,33,180.12 GJ, reflecting controlled growth through efficiency measures.
Achieved Zero Lost Time Injury Frequency Rate (LTIFR) and maintained 100% Zero Liquid Discharge (ZLD) status.
Strategic focus on next-generation EV materials including Lithium Iron Phosphate cathode and silicon-carbon anode materials.
Formal alignment with global frameworks including TCFD and SBTi with a Net Zero 2050 target.
👀 What to Watch
Investors should note the company's improving operational efficiency and its transition into high-growth EV battery material segments. Monitor the execution and scaling of the New Energy Materials Division as a key long-term value driver.
HSCL Announces 38th AGM on June 11, 2026; Proposes ₹0.80 Final Dividend
Himadri Speciality Chemical Ltd has scheduled its 38th Annual General Meeting for June 11, 2026, to be conducted via video conferencing. The Board has recommended a final dividend of ₹0.80 per equity share, representing an 80% payout on the face value of ₹1 for FY 2025-26. Key agenda items include the re-appointment of Mr. Anurag Choudhary as a director and the extension of terms for two independent directors for a second five-year period. Shareholders will also vote on the adoption of the FY26 audited financial statements and the ratification of the cost auditor's remuneration.
Key Highlights
Proposed final dividend of ₹0.80 per equity share (80% of face value) for the financial year ended March 31, 2026
38th Annual General Meeting scheduled for June 11, 2026, at 11:00 a.m. IST through Video Conferencing
Re-appointment of Independent Directors Girish Paman Vanvari and Gopal Ajay Malpani for a second 5-year term until 2031
Ratification of ₹1,00,000 remuneration plus expenses for Cost Auditor Mr. Sambhu Banerjee for FY 2026-27
Consideration and adoption of audited standalone and consolidated financial statements for FY 2025-26
👀 What to Watch
Investors should ensure their registered email addresses are updated to receive the Integrated Annual Report and participate in the remote e-voting process. The proposed dividend of ₹0.80 per share provides a clear yield signal following the FY26 performance.
HSCL Announces Re 0.80 Final Dividend; Sets Record Date for May 22, 2026
Himadri Speciality Chemical Ltd (HSCL) has scheduled its 38th Annual General Meeting (AGM) for June 11, 2026. The company has fixed May 22, 2026, as the record date to determine shareholder eligibility for a final dividend of Re 0.80 per equity share (80% of face value). This dividend pertains to the financial year 2025-26 and is subject to shareholder approval at the upcoming AGM. If approved, the payment will be processed within 30 days of the meeting.
Key Highlights
Final dividend of Re 0.80 per equity share (80% payout) recommended for FY 2025-26.
Record date for dividend eligibility fixed as Friday, May 22, 2026.
38th Annual General Meeting (AGM) to be held on June 11, 2026, via video conferencing.
Cut-off date for e-voting participation set for June 4, 2026.
Dividend payment to be completed within 30 days of shareholder approval at the AGM.
👀 What to Watch
Investors looking to receive the Re 0.80 dividend should ensure they hold shares before the record date of May 22, 2026. Shareholders should also review the upcoming Annual Report for detailed financial performance and future growth outlook.
Himadri Speciality Chemical Sets Record Date for 80% Final Dividend
Himadri Speciality Chemical Limited has fixed May 22, 2026, as the record date to determine shareholder eligibility for a final dividend of Re 0.80 per equity share (80% of face value). This dividend for the financial year 2025-26 is subject to approval at the 38th Annual General Meeting (AGM) scheduled for June 11, 2026. Eligible shareholders will receive the payment within 30 days of the AGM approval. The company has also set June 4, 2026, as the cut-off date for e-voting participation.
Key Highlights
Final dividend of Re 0.80 per equity share (80%) recommended for FY 2025-26
Record date for dividend eligibility fixed as Friday, May 22, 2026
38th Annual General Meeting (AGM) scheduled for Thursday, June 11, 2026
Cut-off date for e-voting eligibility set for Thursday, June 4, 2026
Dividend payout to be completed within 30 days from the date of AGM approval
👀 What to Watch
Investors seeking to receive the dividend should ensure they hold the shares before the ex-dividend date, which typically precedes the May 22 record date. Long-term investors should monitor the upcoming Annual Report for insights into the company's growth trajectory.
HSCL ESG Rating Upgraded to 82 (Exceptional) by ICRA
Himadri Speciality Chemical Limited (HSCL) has successfully achieved an upgrade in its Environmental, Social, and Governance (ESG) rating from ICRA ESG Ratings Limited. The company's combined score improved from 80 to 82, maintaining its position in the 'Exceptional' category. This upgrade reflects the company's strategic alignment with global ESG benchmarks and improved performance across its value chain. Such ratings are increasingly critical for attracting institutional investment and ESG-focused funds.
Key Highlights
ICRA ESG Ratings Limited revised the combined ESG rating from 80 to 82
The company retains its placement in the 'Exceptional' category
The rating reflects improved performance across Environmental, Social, and Governance pillars
The upgrade was officially communicated by the rating agency on May 12, 2026
👀 What to Watch
Investors should view this as a positive qualitative development that strengthens the company's sustainability profile. While it doesn't impact immediate financials, it may improve long-term institutional appeal and cost of capital.
HSCL Reports Record FY26 PAT of ₹755 Cr; Commissions First Anode Material Facility
Himadri Speciality Chemical delivered its strongest financial performance in FY26, reporting a PAT of ₹755 crore and EBITDA of ₹1,006 crore. The company achieved a major milestone by commissioning its first 200 MTPA anode material facility using in-house technology, marking its entry into the lithium-ion battery value chain. Significant capacity expansions were completed, with speciality carbon black reaching 130,000 MTPA and coal-tar pitch distillation hitting 600,000 MTPA. Management is aggressively pivoting towards battery materials, with a 40,000 MTPA LFP cathode project currently under execution.
Key Highlights
Reported record consolidated PAT of ₹755 crore and EBITDA of ₹1,006 crore for FY26.
Commissioned 200 MTPA anode material facility on April 23, 2026, using proprietary in-house technology.
Expanded speciality carbon black capacity to 130,000 MTPA, making the Mahistikry plant the world's largest single-location facility for this segment.
Progressing on 40,000 MTPA LFP cathode project with the first 2,000 MTPA milestone targeted for Q3 FY27.
Invested ₹120 crore in R&D during the year to support high-value speciality chemicals and battery materials.
👀 What to Watch
Investors should view the successful commissioning of the anode facility and the scale-up in speciality carbon black as strong indicators of HSCL's transition into a high-margin technology player. Monitor the execution timelines of the LFP cathode project and the turnaround of the Birla Tyres brand for further value unlocking.
Himadri Speciality Reports Record FY26 PAT of ₹755 Cr; Commences Anode Material Production
Himadri Speciality Chemical delivered a robust performance in FY26, with PAT growing 36% YoY to ₹755 Crores and EBITDA crossing the ₹1,000 Crore milestone for the first time. The company achieved a major strategic breakthrough by commissioning its first anode material facility (200 MTPA) and expanding its Speciality Carbon Black capacity to 250,000 MTPA, making its Mahistikry site the world's largest single-location facility for the product. Full-year revenue stood at ₹4,660.7 Crores, while Q4FY26 revenue grew 14% YoY to ₹1,288 Crores. The Board has recommended an 80% final dividend, reflecting strong cash flow and confidence in its transition toward the EV battery material supply chain.
Key Highlights
Record full-year PAT of ₹755 Cr (up 36% YoY) and EBITDA of ₹1,006 Cr (up 19% YoY).
Commenced first anode material production facility at Mahistikry with an initial capacity of 200 MTPA.
Expanded Speciality Carbon Black capacity by 70,000 MTPA, reaching a total site capacity of 250,000 MTPA.
Q4FY26 PAT grew 34% YoY to ₹208 Cr on revenue of ₹1,288 Cr.
LFP cathode active material project (Phase I) on track for Q3FY27 commencement with 2,000 MTPA capacity.
👀 What to Watch
Investors should note the company's successful pivot toward high-margin battery materials and its record-breaking financial performance. The commissioning of the anode facility and the expansion in speciality carbon black provide clear visibility for future growth in the EV ecosystem.
HSCL Reports Record FY26 PAT of ₹755 Cr; Commences Anode Material Facility
Himadri Speciality Chemical (HSCL) delivered record financial performance in FY26, with PAT growing 36% YoY to ₹755 Cr and EBITDA crossing the ₹1,000 Cr mark for the first time. The company has transitioned to a net cash position with ₹121 Cr in cash and recommended a dividend of ₹0.80 per share. Key operational milestones include the commencement of a 70,000 MTPA speciality carbon black line and a new 200 MTPA anode material facility. HSCL is aggressively expanding into the EV battery value chain with an LFP cathode plant expected to be operational by Q3FY27.
Key Highlights
Record EBITDA of ₹1,006 Cr and PAT of ₹755 Cr for FY26, with PAT growing at a 110% CAGR over the last 4 years.
Commenced commercial operations of 70,000 MTPA Speciality Carbon Black, making the Mahistikry plant the world's largest single-location facility for this product.
Successfully started a 200 MTPA Anode material facility in April 2026, marking a significant entry into the EV battery material space.
Maintained a strong ROCE of 32% and achieved a net cash status with ₹121 Cr on the balance sheet.
Announced a strategic roadmap for FY27-28 including a ₹1,125 Cr investment in an LFP Cathode Active Material plant.
👀 What to Watch
Investors should monitor the execution of the LFP cathode plant and the ramp-up of Birla Tyres as these are the next major growth catalysts. The company's transition to a high-margin battery materials player combined with its debt-free status makes it a strong candidate for long-term portfolios.
