Himadri Speciality Chemical Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2025.
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Himadri Speciality Chemical's board has approved an additional investment of AUD 15 million (approximately ₹81.48 crore) in Australian firm Sicona Battery Technologies Pty Ltd through Compulsorily Convertible Notes, to be deployed in tranches over 18 months. Separately, the board approved an exclusive Technology Licensing Agreement giving Himadri the right to manufacture silicon-carbon anode materials in India using Sicona's proprietary SiCx® anode technology. Sicona is a next-generation battery materials firm focused on lithium-ion battery anodes for electric vehicles and energy storage, and currently has nil revenue in the last three years. Himadri already holds a 12.52% stake in Sicona via preference shares and 900,000 CCNs, and a promoter director of Himadri sits on Sicona's board, though the transaction is classified as not a related-party deal.
This is a strategic move into advanced battery materials and EV supply chain, expanding Himadri's clean-tech portfolio. The deal is sizeable relative to its scale and signals long-term growth ambitions, though Sicona is pre-revenue, so near-term earnings impact is likely limited. Shareholders may view it as a positive forward-looking investment in a high-growth segment.