Himadri Speciality Chemical Limited has informed the Exchange regarding 'Intimation regarding issuance and allotment of Commercial Paper amounting to Rs. 200 Crore '.
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Himadri Speciality Chemical Limited has allotted 4,000 commercial paper units of Rs. 5 lakh each, totalling Rs. 200 crore, on 26 September 2025. The commercial paper carries a discount rate of 6.25% per annum, has an 89-day tenure, and will mature on 24 December 2025. The instrument is unsecured, listed on BSE, and has been issued to Kotak Mahindra Bank. The allotment was approved by the Finance and Management Committee of the Board under powers delegated by the Board of Directors.
This is a short-term borrowing of Rs. 200 crore at 6.25% for about 3 months, indicating routine working capital funding needs. It adds to the company's short-term debt obligations but is unlikely to materially impact shareholder value or stock price given its short tenure and modest size relative to typical corporate borrowings.