Himadri Speciality Chemical Ltd – Stake Increase in International Battery Company (Press Release, 19 Jun 2026)

Introduction

On 19 June 2026, Himadri Speciality Chemical Ltd (HSCL) filed a press‑release with the BSE and NSE, announcing an additional investment in International Battery Company, Inc. (IBC). The filing was submitted by Company Secretary Monika Saraswat and is also available on the company’s website.

Key Investment Highlights

• Additional investment: USD 0.66 million.
• Cumulative investment in IBC: USD 5.43 million (prior) + USD 0.66 million = USD 6.09 million.
• Equity stake post‑investment: 20.47 % on a fully diluted basis (up from 17.29 %).
• Share composition: Includes both common and preferred stock.

Strategic Rationale

• Downstream integration: Strengthens Himadri’s position in the battery value chain by securing a reliable supply of high‑quality cathode and anode materials.
• Technology access: Provides Himadri with:
  • IBC’s advanced, chemistry‑agnostic prismatic Li‑ion cell technology.
  • R&D centre in California.
  • Manufacturing facility in South Korea.
  • Upcoming Gigafactory in Bengaluru, India.
• Commercial deployment: Accelerates the transition of Himadri’s Lithium Iron Phosphate (LFP) cathode and advanced anode materials from lab to market.
• Mutual benefits:
  • For Himadri: Faster commercialization of battery materials, expanded market reach, and enhanced credibility in the global battery ecosystem.
  • For IBC: Secured supply of premium cathode/anode materials essential for performance, safety, and cost competitiveness.

Management Commentary

“The decision to increase our stake is backed by tangible progress achieved over the past year, including successful validation of our battery materials, advancement of next‑generation cell development programs, and the creation of a clear pathway toward commercial deployment across mobility and energy storage applications.”
— Mr. Anurag Choudhary, CMD & CEO, Himadri Speciality Chemical Ltd

He highlighted that the partnership positions both companies to meet rising demand for high‑performance, sustainable energy‑storage solutions across mobility, grid storage, and emerging applications.

About Himadri Speciality Chemical Ltd

• Business scope: Global provider of speciality chemicals and advanced carbon materials, serving sectors such as lithium‑ion batteries, electric mobility, paints, plastics, tyres, aluminium, agro‑chemicals, defence, and construction chemicals.
• Geographic reach: Products are sold in 61 countries.
• Portfolio: Advanced battery materials, tyres, speciality carbon black, coal‑tar pitch, refined naphthalene, SNF & PCE, speciality oils, and clean‑power solutions.
• Sustainability: Operates eight zero‑liquid‑discharge plants and meets 100 % of its electricity needs via in‑house clean‑power generation.

Regulatory Note

The press release was submitted to:

• BSE Limited – Listing Code 500184
• National Stock Exchange of India Ltd – Listing Code HSCL

The filing was digitally signed by Monika Saraswat, Company Secretary & Compliance Officer, on 19 June 2026 at 18:38 IST.

Investors should consider this strategic stake increase as a signal of Himadri’s commitment to expanding its role in the global battery ecosystem, while noting that the announcement does not contain new financial results or forward‑looking guidance.