Himadri speciality chemical allots shares after warrant exercise

Himadri Speciality Chemical Ltd. has completed the allotment of 10,017,200 equity shares, each with a face value of Re. 1, following the exercise of an equal number of warrants on a preferential basis. This allotment was approved by the Share Issue & Allotment Committee of the Board of Directors on November 7, 2025. The total amount received from this exercise is INR 2,374,076,400 at a rate of INR 237 per warrant, representing 75% of the warrant issue price.

This move increases the company's issued and paid-up capital to INR 5,044,949,50, now comprising 50,449,495 equity shares of Re. 1 each. The new equity shares will rank pari-passu with existing equity shares. The initial warrants were allotted on May 14, 2024, at an issue price of INR 316 per warrant, which included a warrant subscription price of INR 79 and an exercise price of INR 237.

Three warrant holders participated in this conversion. Promoters Anurag Choudhary and Amit Choudhary converted 6,000,000 and 4,000,000 warrants, respectively. Non-promoter Aditya Paresh Trivedi converted 17,200 warrants.