Himadri speciality chemical expands equity with new share allotment

Himadri Speciality Chemical Ltd. (HSCL) announced the allotment of 307,800 equity shares, each with a face value of Re. 1, following the conversion of an equal number of warrants on a preferential basis. This allotment, approved by the Share Issue & Allotment Committee on October 16, 2025, stems from warrant exercises by 14 warrant holders who paid the balance consideration of Rs. 237 per warrant, amounting to an aggregate of Rs. 7,29,48,600.

The warrants were initially allotted on May 14, 2024, at an issue price of Rs. 316 per warrant, which included a subscription price of Rs. 79 and an exercise price of Rs. 237. These new equity shares will rank pari-passu with existing equity shares of the company.

As a result of this conversion, the company's issued and paid-up capital has increased to Rs. 49,44,77,750, comprising 49,44,77,750 equity shares of Re. 1 each. This move aligns with HSCL’s previous intimation regarding warrant allotments and exercise terms.