Himadri Speciality Chemical Ltd Completes $4.43 Million Investment in International Battery Company

Himadri Speciality Chemical Ltd (HSCL) has formally completed its investment in the US-based International Battery Company, Inc. (IBC), acquiring a 16.24% stake for a total consideration of USD 4.43 million. This development follows the company’s earlier disclosure dated May 22, 2025, in which its board approved the acquisition.

In line with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HSCL has now confirmed the payment of the full investment amount. The funds have been utilised to (i) purchase 600,000 common stock from an existing shareholder, (ii) subscribe to 2,100,000 new common stock, and (iii) subscribe to 379,175 Series A Preferred Stock of IBC.

HSCL had previously shared detailed disclosures as per regulatory requirements, including those outlined in SEBI’s Master Circular dated November 11, 2024. The latest communication serves as an update on the completion of the transaction, which strengthens HSCL’s international investment portfolio in the battery and energy storage domain.

Himadri Speciality Chemical Ltd, established in 1987 and headquartered in Kolkata, is a company engaged in the manufacturing of speciality chemicals. It operates through two primary business segments—Carbon Materials & Chemicals and Power. The company has a network of manufacturing units in India and China, incorporating features such as zero-liquid-discharge systems and a high reliance on clean and renewable energy sources.

Himadri’s product portfolio includes carbon black, coal tar pitch, refined naphthalene, specialty oils, sulphonated naphthalene formaldehyde (SNF), and materials used in lithium-ion battery applications. Additional products include graphene, silicon-based anode materials, hybrid polycarboxylate ether, and colour pigments marketed under the brand COLORX. These products are used across various industries such as batteries, paints, plastics, tyres, aluminium, graphite electrodes, construction, agrochemicals, and defence.

The company has a presence in over 50 countries, supported by in-house research and development centres that are recognised by the Government of India. These facilities focus on developing new materials and improving existing processes.