Himadri Speciality Chemical Ltd, a prominent player in the Indian chemical industry, has announced the acquisition of a 60% equity stake in Trancemarine and Confreight Logistics Private Limited (CIN: U45400MH2011PTC217748), a company focused on critical and industrial minerals. This acquisition, approved by the Board of Directors during their meeting on April 3, 2025, was finalized with a purchase consideration of INR 4.23 crores in cash.

The transaction is a strategic move aimed at enhancing Himadri's footprint in the resource extraction sector, particularly the critical minerals industry. The acquisition of a controlling stake in Trancemarine and Confreight Logistics Pvt Ltd, a well-established entity in the sector, aligns with the company's long-term vision of leveraging innovation and sustainability for operational efficiency and value maximization.

Trancemarine and Confreight Logistics Pvt Ltd has been operational since 2011 and specializes in providing services related to critical and industrial minerals. The company's authorized capital stands at INR 3 crore, and the paid-up capital is INR 1.96 crore, with a turnover of INR 35.69 crores as per the audited financial statements for the financial year 2023-24.

As a part of the acquisition, Trancemarine and Confreight Logistics Pvt Ltd will become a subsidiary of Himadri Speciality Chemical Ltd. Additionally, the company’s subsidiary, Sturdy Niketan Pvt Ltd, which holds a 99% stake in the target company, will also become a step-down subsidiary of Himadri.

The Board also approved the signing of several key agreements including a Share Purchase Agreement (SPA) and a Shareholder's Agreement (SHA) with the existing shareholders and key personnel of Trancemarine. These agreements will facilitate the smooth transfer of equity shares and define the terms of the acquisition.

Sturdy Niketan Pvt Ltd, another critical part of the acquisition, was incorporated in 2023 and has no reported turnover as of the financial year 2023-24. The company operates in the critical and industrial minerals sector, complementing Himadri’s strategy to deepen its involvement in resource extraction.

As a further commitment to the growth of the acquisition, Himadri Speciality Chemical Ltd has entered into a loan agreement with Sturdy Niketan Pvt Ltd, providing a loan amount not exceeding INR 150 crores. The loan will be used for the payment of royalty related to the extraction of critical minerals, with an interest rate of 9.5% per annum and repayable on demand.

In terms of regulatory compliance, the company has fulfilled the necessary requirements as per SEBI Listing Regulations, and the completion of the acquisition is expected within ten days of signing the SPA and SHA.

This acquisition represents a significant step in Himadri Speciality Chemical Ltd’s strategy to diversify its portfolio and strengthen its position in the critical minerals sector, paving the way for enhanced growth and operational efficiencies in the coming years.

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