Himadri Speciality Chemical Ltd has announced a significant update regarding its strategic investment in the Australian company, Sicona Battery Technologies Pty Ltd. Following an initial commitment approved by the Board of Directors on May 13, 2025, the company has now completed a further cash investment of AUD 2,559,000 to subscribe to 2,559,000 Compulsorily Convertible Notes (CCNs).

This latest transaction brings the company’s total cumulative holding to 16,753,000 CCNs, each with a face value of AUD 1.00. Having previously invested AUD 14,194,000 for an equal number of notes, the company continues its structured approach to capital deployment in the battery materials sector. A remaining balance of 1,694,000 CCNs is scheduled to be acquired in upcoming, pre-agreed tranches. Notably, because the investment is structured through convertible notes, Himadri Speciality Chemical Ltd does not currently hold additional voting rights or direct operational control in Sicona, though these notes are convertible into equity shares based on previously established terms.

Himadri Speciality Chemical Ltd is a prominent manufacturer of advanced carbon materials and speciality chemicals, serving diverse industries including lithium-ion batteries, tyres, and aluminium. In 2025, the company focused on expanding its value chain and enhancing its clean energy portfolio, which included the April 2025 acquisition of Elixir Carbo Private Limited to strengthen its market position. Under the leadership of CMD Anurag Choudhary, the company has actively pursued growth in the carbon black and speciality chemicals segments while fostering international partnerships in battery technology.

For the financial year ended March 31, 2026, the company reported a net income of 751 Crores, reflecting a 35% growth over the previous year, with annual revenue reaching 4,830 Crores. The company has demonstrated a strong profit growth track record, and shareholding data from December 2025 indicates that Modern Hi-Rise Private Limited is a significant investor, holding a 36.75% stake in the company.