Announced Thu, 23 Apr · 16:36 IST

Himadri Speciality Chemical Limited has informed the Exchange regarding re-appointment of Mr Gopal Ajay Malpani as Non- Executive Independent Director of the company w.e.f. August 13, 2026.

Management Changes View source PDF

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

The board meeting on April 23, 2026 approved multiple items including audited standalone net profit of Rs 749.70 crore for FY26 (up 34% from Rs 558.06 crore in FY25), consolidated results, and recommended a final dividend of Rs 0.80 per equity share (80% of face value). Two Independent Directors - Mr. Girish Paman Vanvari and Mr. Gopal Ajay Malpani - were re-appointed for a second term of 5 years each, subject to shareholder approval. Key business milestones include commencement of commercial production at the 70,000 MTPA speciality carbon black expansion (Feb 2026) and the first anode material facility with 200 MTPA capacity (April 2026). The board also approved setting up a wholly-owned step-down subsidiary in Guangzhou, China, and Ernst & Young LLP was re-appointed as internal auditor.

Likely market impact

Strong financial performance with 34% profit growth and entry into anode material production signals strategic diversification. The independent director re-appointments ensure board continuity and governance stability.