Announced Thu, 23 Apr · 16:19 IST

Himadri Speciality Chemical Limited has informed the Exchange that Board of Directors at its meeting held on April 23, 2026, recommended Final Dividend of Rs. 0.80 per equity share.

Corporate Actions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+6.0%1-day move
₹538.00
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₹549.00
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AI summary

Himadri Speciality Chemical Limited reported strong FY2026 standalone results with net profit of Rs. 749.70 crores, up 34% from Rs. 558.06 crores in FY2025. Revenue from operations stood at Rs. 4,405.11 crores. The Board recommended a final dividend of Rs. 0.80 per equity share (80% of face value) aggregating Rs. 40.36 crores for FY2025-26, subject to shareholder approval. Additional approvals include re-appointment of Ernst & Young as internal auditor, appointment of cost auditor, and re-appointment of two independent directors for second terms. The company also approved incorporation of a wholly owned subsidiary in Guangzhou, China. Key operational milestones include commencement of brownfield expansion for speciality carbon black production and first anode material production facility at Mahistikry with 200 MTPA capacity.

Likely market impact

The 34% jump in net profit and 80% dividend payout signal financial strength and shareholder-friendly policies. However, without current stock price data, dividend yield cannot be verified against the 3% threshold. The China expansion and new anode material facility indicate strategic growth initiatives.