HIMADRI SPECIALITY CHEMICAL LTD : DIVESTMENT OF STAKE IN SUBSIDIARY

• Himadri's subsidiary Trancemarine has entered into an agreement to divest 34% stake in its subsidiary Sturdy Niketan Private Limited (Sturdy). • Following the sale, Sturdy will remain a subsidiary of Trancemarine and a step-down subsidiary of Himadri, with Trancemarine holding 65% in Sturdy. • Neither Trancemarine nor Sturdy is considered a material subsidiary, hence the transaction does not impact material subsidiary shareholding. • The buyers are not related to the promoter/promoter group/group companies. • Transactions are expected to be completed within 10 days from the agreement date. Impact: Neutral (Divestment of stake in a non-material step-down subsidiary)

Himadri Speciality Chemical Limited

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