Himadri Speciality Chemical: Monitoring Agency Report Q2 FY27

Himadri Speciality Chemical Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. ICRA Limited, appointed as the Monitoring Agency, has confirmed that the utilization of proceeds from the Preferential Issue of Convertible Warrants is in line with the objects of the issue, with no deviation observed. The issue size was ₹341.8172 Crore (341,817,200 warrants @INR 316 each). The report confirms that all utilization was as per disclosures in the Offer Document, based on CA certificates, management confirmations, and bank statements.