Himadri Speciality Chemical Ltd shares jump 1.96% as scheme of arrangement with Dalmia Bharat Refractories
Why did Himadri Speciality Chemical Ltd shares jump today?
Shares of Himadri Speciality Chemical Ltd are witnessing a positive momentum in today's trading session. As of 10:37 AM on Monday, the stock price has risen by 1.96%, trading at ₹687.45 per share on the BSE. This upward movement is likely driven by a key corporate announcement made by the company.
The reason for this optimism is a significant development regarding a Scheme of Arrangement. In a filing to the stock exchanges, the company informed that its Board of Directors, at a meeting held on September 21, 2026, has considered and approved a scheme. This scheme involves the demerger of Dalmia Bharat Refractories Limited ('Demerged Company') with Himadri Speciality Chemical Ltd as the 'Resulting Company'.
Under this arrangement, the business of Dalmia Bharat Refractories would be merged into or transferred to Himadri Speciality Chemical. Such corporate restructuring actions are often viewed positively by the market as they can lead to expanded operations, synergies, and enhanced value for the shareholders of the resulting entity, thereby contributing to the stock's rally.
What does Himadri Speciality Chemical Ltd do?
Himadri Speciality Chemical Ltd is the resulting company in a Scheme of Arrangement involving Dalmia Bharat Refractories Limited. This corporate restructuring is being undertaken pursuant to Sections 230-232 and other applicable provisions of the Companies Act, 2013. The arrangement is between the two companies and their respective shareholders and creditors.
The company's board of directors considered this scheme based on recommendations and reports from both the Audit Committee and the Committee of Independent Directors. This action follows a board meeting and is part of the company's regulatory disclosure obligations under the SEBI Listing Regulations. Himadri Speciality Chemical Ltd is a publicly listed entity, as indicated by its listing codes on the BSE Limited and the National Stock Exchange of India Ltd.
Himadri Speciality Chemical Ltd Financials
In CroresHimadri Speciality Chemical Ltd showed sequential growth in both revenue and profit from March 2026 to June 2026. The company's revenue increased to ₹1431.88 Crores in June 2026 from ₹1287.76 Crores in the prior quarter, representing a rise of approximately 11.2%. Correspondingly, its quarterly profit also grew, reaching ₹229.52 Crores in June 2026 compared to ₹200.79 Crores in March 2026, which is an increase of about 14.3%. This indicates an upward trend in the company's financial performance on both the top and bottom lines for the reported periods.
Himadri Speciality Chemical Ltd Shareholding Pattern
Promoter holding stands at 52.49% of the total share capital. Foreign Institutional Investors (FIIs) hold 6.8% stake in the company, while Domestic Institutional Investors (DIIs) hold 3.33%. Public shareholders hold the remaining 37.38% stake in Himadri Speciality Chemical Ltd.
Himadri Speciality Chemical Ltd FAQs
Q: Why did Himadri shares jump 1.96% today?
Scheme of Arrangement between Dalmia Bharat Refractories Limited(Demerged Company) and Himadri Speciality Chemical Ltd (Resulting Company). This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Himadri Speciality Chemical Ltd?
As per the latest data, promoters hold 52.49% stake in Himadri Speciality Chemical Ltd, while FII holding stands at 6.8%. Domestic institutional investors hold 3.33%, and public shareholders account for 37.38% of the equity.
Q: What is the current stock price of Himadri Speciality Chemical Ltd?
Himadri Speciality Chemical Ltd shares are currently trading at ₹687.45, recording a gain of 1.96% from the previous close.
Q: What is the market capitalization of Himadri Speciality Chemical Ltd?
The company currently has a market capitalization of ₹34686.95 crore, reflecting its valuation in the Indian equity market.