Himadri Speciality Chemical Limited has informed the Exchange regarding Appointment of Mr. Soumyodeep Bhattacharya as Key Managerial Personnel (KMP) in terms of Section 2(51) of Companies Act, 2013 as well as senior Management in terms of Regulation 16(1)(d) of the SEBI Listing Regulations.
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At a board meeting on 15 July 2025, Himadri Speciality Chemical approved two key items. First, the company will incorporate a wholly owned subsidiary in Dubai named 'Alliance Worldwide LLC' to expand its overseas business activities, with further disclosures to follow once the entity is registered. Second, the board designated Mr. Soumyodeep Bhattacharya, currently Executive Vice President of the Coal Tar Distillation business, as a Key Managerial Personnel and Senior Management Personnel. Mr. Bhattacharya is an existing employee with over 30 years of experience across engineering, energy, and specialty chemicals, including a 16-year stint at BP/Castrol in both B2B and B2C roles and prior leadership at Zavenir Daubert India.
The UAE subsidiary marks a formal step into international expansion, which could open new revenue streams for shareholders but also carries execution and currency risks typical of new geographies. The KMP designation is an internal promotion rather than an external hire, signalling leadership continuity in the core Coal Tar Distillation business.