HSCL Board Approves Scheme to Demerge DBRL's Tyre Business

Himadri Speciality Chemical Ltd (HSCL) announced that its Board of Directors has approved a Scheme of Arrangement for the demerger of Dalmia Bharat Refractories Limited's (DBRL) Tyre Business. The demerged undertaking, including all related assets, liabilities, and employees, will be transferred to HSCL on a going concern basis. HSCL will subsequently issue new shares to eligible DBRL shareholders as per a defined ratio. This scheme is subject to approvals from regulatory authorities including SEBI, NCLT, and stock exchanges, as well as shareholders and creditors. The appointed date for the demerger is set for October 1, 2026, or as decided by the NCLT.