HSCL board approves demerger of Dalmia Bharat Refractories Tyre Business into HSCL
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Himadri Speciality Chemical board approved a scheme of arrangement under which the Tyre Business of Dalmia Bharat Refractories Limited will demerge into HSCL as a going concern. Appointed date is 1 October 2026. Share entitlement ratio is 1 HSCL equity share (face value INR 1) for every 260 DBRL shares (face value INR 10). No cash consideration. Demerged undertaking turnover was INR 149.31 crores, about 3.39 percent of HSCL turnover. Subject to NCLT, SEBI and stock exchange approvals.
Forward integration into tyres value chain, synergies in sourcing and manufacturing. Minor dilution as promoter holding shifts from 52.49% to 52.47%. Subject to NCLT and SEBI approvals.