Merger21 Sept 2026, 09:58 am
Himadri Speciality Chemical Board Approves Scheme of Arrangement
AI Summary
Himadri Speciality Chemical Ltd announced that its Board of Directors, at a meeting held on September 21, 2026, approved a Scheme of Arrangement for the demerger of the Tyre Business of Dalmia Bharat Refractories Limited (DBRL) into Himadri Speciality Chemical Ltd (HSCL). The demerged undertaking will be transferred to HSCL as a going concern, with HSCL issuing new shares to eligible DBRL shareholders. The scheme is subject to approvals from statutory and regulatory authorities, including stock exchanges, SEBI, and NCLT. The appointed date for the demerger is set as October 1, 2026, or as decided by the NCLT.
Key Highlights
- Board approved a Scheme of Arrangement for demerger.
- Tyre Business of DBRL to be demerged into HSCL.
- HSCL will issue new shares to DBRL shareholders.
- Scheme requires approvals from SEBI, NCLT, and stock exchanges.
- Appointed date for demerger is October 1, 2026.
Price Impact
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