Interim report
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Ref. No: HSCL / Stock-Ex/2026-27/72 Date: 16/10/2026 E-mail: monika@himadri.com Ref: Listing Code: 500184 BSE Limited Department of Corporate Services P. J. Towers, 25th Floor, Dalal Street, Mumbai- 400 001 Ref: Listing Code: HSCL National Stock Exchange of India Ltd Exchange Plaza, C-1, Block-G Bandra Kurla Complex, Bandra (E) Mumbai- 400 051 Sub: Outcome of Board Meeting held on 16 October 2026 - pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 De ar Sir/ Madam, We refer to our letter Ref. No: HSCL / Stock-Ex/2026-27/68 dated 09 October 2026 intimating about the meeting of the Board of Directors ("Board") of Himadri Speciality Chemical Ltd (“Company’) scheduled to be held on 16 October 2026, i nter-alia to approve and take on record the Unaudited Financial Results (Consolidated and Standalone) for the quarter and six-months ended 30 September 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we would like to inform you that the Board of the Company at its’ meeting held today i.e. on 16 October 2026, inter-alia has considered and approved the Un-audited Financial Results (Consolidated and Standalone) for the quarter and six months ended 30 September 2026. We are enclosing herewith the following pursuant to Regulation 30, Regulation 33 and Regulation 52 read with the applicable provisions of Schedule III and Part A of Schedule IV of the SEBI Listing Regulations and SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: i) Un-audited Financial Results (Consolidated and Standalone) for the quarter and six-months ended 30 September 2026. i) The Limited Review Report of the Statutory Auditors of the Company, M/s Singhi & Co, Chartered Accountants on the Un-audited Financial Results (Consolidated and Standalone) for the quarter and six-months ended 30 September 2026. The Meeting of the Board of Directors commenced at 05:00 p.m. (IST) and concluded at 05:50 p.m. (IST) The above information will be made available on the Company’s website at www.himadri.com We request you to kindly take on record the same. Thanking you, Yours faithfully, For Himadri Speciality Chemical Ltd (Company Secretary & Compliance Officer) ACS: 29322 Enclosed: as above Hlmadrl Hlmadrl Speciality Chemical Ltd (Formerly known as Himadri Chemicals & Industries Limited} CIN: L27106WB1987PLC042756 Regd. Office: 23A, Netaji Subhas Road, 8th Floor, Kolkata - 700 001, India Corp. Office: 8, India Exchange Place, 2nd Floor, Kolkata - 700 001 , India Tel: 91-33-2230-9953, 2230-4363, Fax: 91-33-2230-9051, Website: www.himadri.com
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Sing/ii e:l Co. Chartered Accountants 161, Sarat Bose Road Kolkata-700 026, (India) T +91(0)33-2419 6000/01/02 E kolkata@singhico .com www.singhico.com Independent Auditor's Review Report on Unaudited Consolidated Financial Results of Himadri Speciality Chemical Limited for the quarter and half year ended September 30, 2026 pursuant to Regulation 33 & Regulation 52 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended. To, The Board of Directors Himadri Speciality Chemical Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Himadri Speciality Chemical Limited (hereinafter referred to as the "Parent Company") and its subsidiaries (the Parent Company and its subsidiaries together referred to as the "Group") for the quarter and half year ended September 30, 2026 together with notes thereon (herein after referred to as 'the statement'), being submitted by the Parent Company pursuant to the requirement of Regulation 33 & Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("the Regulation") and has been initialed by us for identification purpose. 2. This statement, which is the responsibility of the Parent Company's Management and approved by the Parent Company's Board of Directors, in their meeting held on October 16, 2026 has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity," specified under Section 143 (10) of the Companies Act, 2013. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free from material misstatement. A review of interim financial information consists of making enquiries primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and consequently does not enable us to obtain assurance that we would be aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The statement includes the financial results of the following entities: a) Himadri Speciality Chemical Limited (Parent Company) b) AAT Global Limited (AAT) (wholly owned subsidiary company) c) Shandong Dawn Himadri Chemical Industry Limited (SDHCIL) (subsidiary of AAT) d) Himadri Agro Tech Specialities Limited (HATSL) (formerly Combe Projects Private Limited and Combe Projects Limited) (wholly owned subsidiary company) e) Himadri Clean Energy Limited (HCEL) (wholly owned subsidiary company) f) Himadri Future Material Technology Limited (HFMTL) (wholly owned subsidiary of HCEL) g) h) i) j) k) I) Himadri Green Technologies Innovation Limited (HGTIL) (wholly owned subsidiary of HCEL) lnvati Creations Private Limited (ICPL) (subsidiary company) Himadri Speciality lnc.,(HSI) (wholly owned subsidiary company) Birla Tyres Limited (BTL) (wholly owned subsidiary company) Himadri Birla Tyre Manufacturer Private Limited (HBTMPL) (subsidiary company) Himadri Advance New Energy Material Limited (HANEML) (formerly, Elixir Carbo Private Limited and Elixir Carbo Limited) (wholly owned subsidiary company) m) Trancemarine and Confreight Logistics Private Limited (TCLPL) (subsidiary company) n) Sturdy Niketan Private Limited (SNPL) (subsidiary company ofTCLPL) Offices, Kolkata, Delhi NCR, Mumbai, Chennai, Bengaluru, Pune & Raipur
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Sing/ii~ Co. Chartered Accountants . ...... contd. o) Himadri Integrated Minerals and Resources Limited (HIMRL) (formerly, Himadri Power Limited) (wholly owned subsidiary company) p) Ardent lmpex FZCO, Dubai, UAE (wholly owned subsidiary company w.e.f. June 22, 2026) 5. Based on our review conducted and procedure performed as stated in para 3 above, nothing has come to our attention that causes us to believe that the accompanying statement prepared in accordance with the applicable Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued there under and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 & Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. (a) We did not review the interim financial information / financial results of 2 (two) foreign subsidiaries (including one step down subsidiary) included in the Statement, whose consolidated financial information / financial results before consolidation adjustments reflect total assets of Rs. 138.92 crores, net assets of Rs. (152.96) crores as at September 30, 2026, net cash inflow of Rs. 1.26 crores for the half year ended September 30, 2026, total revenue of Rs. 130.80 crores and Rs. 413.93 crores, total net profit/(loss) after tax of Rs. (1.07) crores and Rs. (1.03) crores and total comprehensive income/(loss) of Rs. (1.07) crores and Rs. (1.03) crores (comprising loss and other comprehensive income) as considered in the statement for the quarter and half year ended September 30, 2026 respectively. These subsidiaries are located outside India whose interim financial information/ financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries . The Parent's management has converted the interim financial information of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the above subsidiaries, is based solely on the reports of the other auditors and the conversion adjustments prepared by the management of the Parent and reviewed by us and the procedures performed by us as stated in paragraph 3 above. (b) We did not review the interim financial information / financial results of 1 (one) foreign subsidiary included in the Statement, whose financial information / financial results before consolidation adjustments reflect total assets of Rs. 120.80 crores, net assets of Rs. 0.02 crores as at September 30, 2026, net cash outflow of Rs. 0.89 crores for the half year ended September 30, 2026, total revenue of Rs. 34.35 crores and Rs. 72.81 crores, total net profit/(loss) after tax of Rs. (2.12) crores and Rs. (0.75) crores and total comprehensive income/(loss) of Rs. (2.12) crores and Rs. (0.75) crores (comprising loss : nd other comprehensive income) as considered in the statement for the quarter and half year ended September 30, 2026 respectively. This subsidiary is located outside India whose interim financial information/ financial results have been certified by the management of the subsidiary company in accordance with accounting principles generally accepted in their country and has not been subjected to review by their auditor . The Parent's management has converted the interim financial information of such subsidiary located outside India from accounting principles generally accepted in their country to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the above subsidiary, is based solely on the financial statement certified by the management of the foreign entity and the conversion adjustments prepared by the management of the Parent and reviewed by us. According to the information and explanations given to us by the management of the parent company, these interim financial results/ information are not material to the Group. c) The unaudited consolidated financial results include the interim financial information of 8 (eight) domestic subsidiaries (including 2 step down subsidiaries) which have not been reviewed by the auditors, whose interim financial information reflect, before consolidation adjustment, total assets of Rs.192.11 crores, net assets of Rs. 6.36 crores as at September 30, 2026, net cash inflow of Rs. 0.39 crores for the half year ended September 30, 2026, total revenue of Rs. 3.40 crores and Rs. 6.59 crores, total net profit/(loss) after tax of Rs. (1.43) crores and Rs. (2.95) crores and total comprehensive income/(loss) of Rs. (1.43) crores and Rs. (2.95) crores (comprising loss and other comprehensive income) for the quarter and half year ended September 30, 2026 respectively, as considered in the Statement. These financial information have been certified by the management of the respective entities. According to the information and explanations given to us by the management of the parent company, these interim financial results/ information are not material to the Group.
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Singhi ~ Co. Chartered Accountants ....... contd. (d) The management has confirmed that 1 (one) foreign subsidiary has been incorporated on June 22, 2026, which has not carried out any financial activity during the period from June 22, 2026 to September 30, 2026 and accordingly no financial statement has been prepared. Our conclusion is not modified in respect of above matters. Place: Kolkata Date: October 16, 2026 For Singhi & Co. Chartered Accountants Firm Registration No. 302049E Partner Membership No. 053816 UDIN: 2.bD53g ll, NDF 6,l.H0l3DI
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Sr. No. I. 2. 3. 4. 5. 6. 7. 8. 9. JO. 11. 12. 13. 14. 15. Hlmadrl HIMADRI SPECIALITY CHEMICAL LIMITED Registeied Office: 23A Netaji Subhas Road 8th Floor, Suite No. I 5, Kolkata - 700 00 I CoJ]lorate Identity Number: L27 I 06WB 1987PLC042756 Phone: (033)2230-9953, fax: (033)2230-9051 Email: info@himadri com, Website: www.himadri.com Sto lemonC of Unumlictd Conio lid:oted .-iu~ncinl Re,ult for lhe Ouoricr nnd Si~ Munlh> Ended JU Son1~111her 2026 Particulars Three months Previous Th,ee Cor,-cspondlng Year to date ended 30.09.2026 months ended Three months ended figures for the 30 06,2026 30.09.2025 in the current period previous year ended 30.09.2026 CUn11udltcdl t!Jrmudllcd) (Urmudhcd) (Un•11di1edl Income (a) Revenue from Opetations 1,691.43 1,431.88 1,071 03 3,123.31 (b) Other Income ,11.79 56.31 35.93 98,10 Total Income 1.733.H l.~88. 19 J.106.96 J,121,41 Expenses (a) Cost of materials consumed 1,143.92 1,003,34 710 76 2,147.26 (b) Purchase of stock in h ade 152.43 114 64 28 18 267,07 (c) Changes in invento1 ies of finished goods and work-in-progress (125 .. H) (205.87) (76.99) (331.21) (d) Employee benefits expense 60.68 58.27 51.38 118.95 (e) Finance costs 27.72 22 41 14.78 50.13 (f) Depreciation and amortisation expense 21.69 21.30 17 39 42,99 (I\) Other expenses l-1-1.78 173,59 124.92 JJ8.J7 Total Expenses 1 -12S.88 I. 187,68 870A2 2,613.56 P,·olil/ (Loss) before exceptional items and tax (1-2) 307.34 300.51 236.S<t 607,85 Exccpl!Qnnl llems - - Profill (Lo,s) before tax (3+4) 307.34 300.51 236,54 607.85 Tax expense (a) Current tax 69.61 61 73 55.21 131.34 (b) Deferred tax 6.41 10.35 5 19 16.76 (c) Income tax related to earlier years - - - Tomi tax expense 76.02 72.08 60.40 1~8.10 Net Profit/ (Loss) after tax (5-6) 23 I.Jl 228A3 176. 14 4S9.7S O,hcr Comprehensive Income Items that will not be reclassified subsequently lo profit or loss 0.04 3.70 (1.05) 3.74 Income-tax relating to items that will not be ieclassified to profit or loss - (0.S2J 015 (0.52) Items that will be reclassified subsequently to profit or loss 0.84 2.40 3 70 3.24 Income-tax relating to items that will be reclassified to profit or loss - - - Tourl Other Comprehensive Income (net of tax) 0.88 5 58 2 80 6.46 '1'01:11 Comprehensive Income (7+8) 232.20 234.01 r78_9J 466.21 l'rofic attributable to (a) Ownets of the Company 232,32 229 52 176.66 461.84 (b) Non-controlling interests (1.00) (1.09) (0,j2 ) (2.09) Other comprehensive income attributable to (a) Owners of the Company 0.96 5.64 2.92 6.60 (b) Non-controlling interests (0.08) (0.0/.,) (0,12) (0.14) Toral comprehensive income attributable to (a) Owners of the Company 233.28 235 16 179 58 468.44 (b) Non-controlling interests (1.08) (I . 15) (0.6-1) (2.23) Paid-up equity share capital 50.46 50 45 49,42 50.46 (Face value Re. I each) 011,cr Equity E11rnln~$ per equity share (of Re. I each) (refer note 9) (R) Basic (Rs.) 4.60 4.55 3,58 9.15 (b) Diluted (Rs.) 4.60 4.55 3.55 9.15 (Its. in Croresl Year to date figures Previous yea,· ended for the previous 31.03.2026 period ended 30,09 2025 !Unm,diledl (1\11d11cd) 2,189 32 4,660 70 62.61 171.29 2.251.93 .J,831. 99 1,436 44 2,669 84 33,90 197.66 (98 .94) 32 38 92.50 193 86 30 61 64.37 32 03 68. 16 247.63 604.82 1.n~ 11 3,831.09 477,76 1,000.90 - 477 76 1,000.90 I 16 17 223.4 l 6.09 21 91 - 0 51 122.26 2,IS.83 355,S0 7SS.07 0 37 1.03 0.29 0. 15 3 87 7.56 - 4,53 8.74 360.03 763,81 358,35 751 34 (2.SSJ 3 73 4.71 9,24 (0. IS) (0 50) 363,06 760 58 (3.03) 3,23 49.42 50.45 4,656.23 7.26 15,08 7.20 15.02
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Sr. No. t. 2. 3. 4. Hlmadrl HIMADRI SPECIALITY CHEMICAL LIMITED Registe,ed Office: 23A Netaji Sublrns Road 8th Floor, Suite No. 15, Kolkata - 700 001 Corporate Identity Number: L27 I 06WB I 987PLC042756 Phone: (033 )2230-9953, Fax: (033)2230-9051 Email: info@himadri com, Website: www himadri com Consolidated Segment wise Revenue, Resulls, Assets and Liabilities Particulars Three months P1 evious Three Conesponding ended 30.09.2026 months ended Tin ee months ended 30,06,2026 30.09.2025 in the previous year IUnauditcdl (Unaudited) (Unaudited) Segment Revenue (a) Carbon materials and chemicals 1,539.02 1,278 90 1,067 21 (b) Power 33.32 31.88 22.90 (c) Others 144.14 143 89 . Total segment revenue (a + b + c) 1,716.48 1,454 67 1,090,11 Less: Lnter set.!.ment revenue 25.05 22.79 19 08 Total Revenue from Operations 1,691.43 1.431.88 1.071.03 Segment Results (a) Ca,bon mate,ials and chemicals 251.64 262 56 201 31 (b) Power 29.84 28. 10 19,15 (c) Otheis 0.05 I 15 Total segment profit before interest, tax and unallocable items 281.53 291.81 220.46 (a+ b + c) Add/ (Less): (a) Finance cosls (27.72) (22.41) (14 78) (b) Other unallocable income net of unallocable exoenses # SJ.SJ 31.11 30.86 Total Profit/ (Loss) before lax 307.34 300.51 236.54 Segment Assets (a) CarlJon mate1 ials and chemicals 4,428.17 4,263.3 1 3,883 06 (b) Power 100.8S 10 1.78 100 76 (c) Othe,s 362.72 319,71 . (d) Unallocated 2.08S.08 1,99 U R 1.533.85 Total assets 6,976.82 6,676 .18 5.517.67 Segment Liabilities (a) Carbon mateiials and chemicals 128.69 15 1.84 242.58 (b) Powe, 0.66 1.07 0 54 (c) Othe,s IIS.81 65 11 (d) Unallocated !,S43.27 1.502 43 1.178 13 1·ornl llnbilitl os I. 788.43 1.720.45 1.421.25 # Includes oth~rinco,uc nnd forei.,, c.ch1111uc loss/ Cuain) (1101), fi1III' unnllocablc !Rs.. In Cron:,! Vear to date Year to date figures Previous year ended figures for the fol' the p1 evious 31.03.2026 current period period ended ended 30.09.2026 30 09 2025 /Unaudited\ (Unaudited) (Audited) 2,817.92 2,180.06 4,366.94 65.20 48 44 95 50 288.03 . 274.46 3,171.15 2,228.50 4,736 90 47.84 39. 18 76.20 3.123.31 2, 189.32 4.660.70 514.20 399. 78 828 45 57.94 41 29 81 .29 1.20 . 27 80 573.34 441 07 937.54 (50.13) (30 61) (64.37) 84.64 67.30 127.73 607.85 477.76 1.000.90 4,428.17 3,883 06 4,029.75 100.85 100 76 99,84 362.72 178,66 2,085.08 1.533.85 1.998. 14 6,976.82 5.517.67 6,306.39 128.69 242 58 314,72 0.66 0 54 0.58 IIS.81 . 165,81 l,S43.27 1. 178.13 1.063 20 1,788.43 1.421.25 1,544.3 1 ~
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Hlm a drl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office: 23A Netaji Subhas Road 8th Floo,, Suite No, 15, Kolkata - 700 001 Corµo rate Identity Number: L27106WB 1987PLC042756 Phone: (033 )2230-9953 , Fax: (033)2230-905 I Email: info@hi1nadri.com, Website: www himadri com CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES Sr. Particulars No. A ASSETS I. Non-current assels (a) Prope11y, plant and equipment (b) Capital wm k-in-progress (c) Right of use assets (d) Goodwill (e) Intangible assets ( f) Financial assets (i) Investments (ii) Trade receivables (iii) Other financial assets (g) Non-cwTent tax assets (net) (h) Other non-current assets Total non-current assets 2. Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents (v) Loans (vi) Other financial assets ( c) Other cu1Tent assets Total current assets TOTAL ASSETS B EQUITY AND LIABILITIES EQUITY (a) Equity share capital (b) Other equity Equity attributable to the owners of the Company Non-conh·olling interests Total Equitv LIABILITIES I. Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (net) Total non-current liabilities 2. Current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables total outstanding dues of micro enterprises and small enterp1ises total outstanding dues of creditors other than micro enterprises and small enterpri ses (iv) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities (net) Total current liabilities Total liabilities TOTAL l::Ol'fTY AND LIABILITIES (Rs. In Crurtsl As at As at J0.O<J.2026 31,03 2026 (Unaudited) (Audited) 1,892.83 1,811 51 370.06 372_18 40.74 45 85 24.43 24.43 58.01 59.73 1,226.23 935. 14 10.18 JO 18 168.70 144.24 16.16 1341 140.24 66 20 3,947.58 3.482 .87 805.68 762.96 23.42 124 77 1,026.18 696.42 95.93 164 76 516.72 570 71 14.21 14 37 31.74 27 04 515.36 462 49 3,029.24 2.823 .52 6,976.82 6,306 .39 50.46 50 45 5,084.76 4.65623 5,135.22 4,706.68 53.17 55.40 5,188.39 4,762 .08 3.58 4 45 2.30 1.50 0.26 0.26 15.52 14.06 305.17 287.89 326.83 308. 16 1,152.26 762. 11 1.97 1,91 3.76 6.23 156.71 369. 19 48.85 74.69 16.08 12.38 3.93 2.94 78.04 6.70 1.461.60 1.236. 15 1,788.43 1,544.31 6,976.82 6,306 .39 (_
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Hlrnadrl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office: 23A Netaji Subhas Road 81h Floor, Suile No 15, Kolkala - 700 001 Corporate Identity Number : L27 I 06WB I 987PLC042756 Phone: (033 )2230-9953 , Fax: (033 )2230-9051 Email: info@himadri com, Website: www hlmadri com li'o'OTF.S:- (I) CONSOLWATED STAH:MENT Of <".I.SIi FLOWS Particulars 1\ ICnsh nows from opera tine activities N<t profit before tax AdJUSlllletll< for: Depreciation and amortisation expense Finance costs Interest income Net (gain)/ loss on fai1 valuation of investments tluough profit or loss Net gain on sale of current investments carried at FVTPL Liabilities no longe1 required written back Unrealised fo1eign exchange fluctuation (gain)/ losses, net Exchange differenc es in translating financial statements of foreign ope1ations Loss/ (gain) (net) on sale of property, plant and equipment Ca. h generated from operations before workine: capital chan!:!;eS Mo\lcmcnl in working capital: (Increase)/ Decrease in inventories (lncrease)/ Decrease i11 trade receivables (Increase)/ Decrease in financial and olher assets Increase/ (Decreas e) in bade payables Increase/ (Decre a<e) in financial liabilities (net) Increase/ (Decrease) in other liabili1ies and provisions (net) ICft h ~enerated from/ (used in) operations 'rMes unid Not <RBh c,enernlCll from/ (used in) oncrutlnQ 9cch•ill•• 8 C'1 h flows from investing activities Purchase of property , plant and equipment Proceeds from sale of property, plan! and equipmenl Purchase of intangible assets Interest income received Sale/ (purchase) of cunent investments (net) Purchase of non-current inveshnents Redemption of bank deposils (having maturity of more lhan 3 months) l1wc~1111c,11 i11 hnnk dcposilS (lon,,ini: 1110111ri1v or more 1hn11 :i 1110111ILI) Ntt cash C!CnerUll>tJ rram/ lu.!iictl inl in\'es;tinn activities C :cash flows from tinancin2 activities Proceeds from allohnent of equity sha,e under employee stock options Proceeds on issue of warrants convertible into equity shares Proceeds from non-current borrowings Repayment of non-cune11t borrowings Proceeds frnm/ (Repaymenl of) currenl borrowings (net) Interest paid Payment of lease liabilities (principal portion) Payment of lease liabilities (interest portion) Net proceeds/ (Outflow) on settlement of derivative contracts Dividend p:ntl I Ncl cni h QOnerdtod from/ lu!cd in) linnndnQ nc1M1i~ Net increase/ (docroasc} In cu~h ond co,h •oulvnlcni. U+U+C) Cash and cash equivalents al the beginnin~ of the period C~h Acquired on acquisition of subsidia1ies Cn<h nnd c.o.sh cauiouknu 41 the en!l or lhe ncriod S1n1c111cu1 ofCns h Flows hus been 1111.:pa,.cd under the indirect method as set out in Ind AS 7 -s1a1cme111 or Cash Flo,,s•. /Rs. in Crorc,,l Period ended Pe, iod ended 30.09.2026 30 09 2025 (l;nou<lic,•dl (Unomliledl 607.85 477.76 42.99 32.03 50.13 30.61 (?M6) (26.83) (6S.95) (26.86) (JAi) (0.05) (ct.06) - (ll .68 ) 7.29 o.ss (I 1.37) 0..19 OAS 113.20·• 5.17 59MS 483.03 (42.72) (155.34) (316.99) 47.30 (93.62) (297.H) (215.03) (77.99) (23.65) 8.66 5.76 0.65 1686.?Sl 1474.16) (91.60) 8.87 162.751 (103.73 (154.35) 194.86) (1 73.0J) (180.65) J.68 3.43 (0.118) (0.03) IS.JO 11.77 103.89 (35.54) (? 15.41) (211.94) 204.74 102.85 1152.06) 1153.82) 121J.98) 1~63.93 0.46 1.12 - 7.30 0.76 53.49 (1.55) (I.SJJ 390.07 476.19 (47.80) (31.75) (ll.95) (0.66) (O.IJJ (0.12) - (2.75) (40.J6) (29.6J) JOO.SO J11 .65 {68.83) (87.IJ} 164.76 155.ll - l.13 95,93 69.10 (_
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Him adrl HIMADRI SPECIALITY CHEMICAL LIMITl:D Registered Office: 13 A Netaji Sub has Road 8th Floo r. Suite No I 5, Kolkata - 700 00 I Corporate Identity Number: L27 I 06WB I 987PLC042756 Phone: (033)2230-9953 , Fax: (033)2230-905 1 Email: info@himadri com, Website: www himadri com (2) Addilional information pursuant to Regulalion 52(4) of the Securities and Exchange Board or lndin (Lisling Obligation and Disclosure Requiremenls) Regulations. 2015, as amended for Unaudited Consolidated Financial Results as at and for the Quarter and Six Months Ended on JO September 2026: Sr. No. Particulars (a) Debi-Equity Ratio (in times) Total Debt/ Shareholder's Equity Total Debt: Non-current borrowings+Current borrowings+ Non-current and Current lease liabilities Shareholder's Equity: Equi1y share capital + Other equity (including non controlling interests) (b) Debt Service Coverage Ratio (in times) Earning for Debt Service (i e Net Profit after taxes + Non-cash operating expenses like depreciation and other amortizations+ Interest -+ other adjustments like loss on sale of fixed assets+Loss allowances for doubtful trade receivables and advances+Gain/Loss on fair value o current/non current investments+Unrealised foreign exchange fluctuations etc ) / Debt service (i e Interest & Lease Payments + Principal Repayments excluding Prepayments of non-current borrowings) (c) lnteresl Service Coverage Ratio (in times) Earning Before Interest. Tax, Depreciation and Amortisation expenses (EBITDA) / lnteresl expense (d) Curren1 Ratio (in times) Current assets/ Current liabilities (e) Long Term Debi to Working Capital Ratio (in times) (Non current borrowings + Non current lease liabilities + Current maturity of non-current borrowings) / (Currelll assets- Current liabilities) (f) Bad Debts to Account Receivable Ratio (in times)"' Bad debts/ Average trade receivables (g) Current Liability Ratio (in limes) Current liabilities/ To1al liabilities (h) Total Debts to Total Assets Ratio (in times) (Non-current borrowings +Current borrowing s+ Non-current and Current lease liabilities)/ Total assets (i) Debtors Turnover (in times) "' Revenue from operations/ Average trade receivables (j) lnvenlory Turnover (in times) "' (Cost of goods sold+ Purchase of trading goods)/ Average inventory (kl Operating Margin (¾) [Profit before tax and extraordinary items + Depreciation and amortisations+ Finance costs - Other income+ Exchange loss /(Gains)/ Revenue from operations] (I) Not Profil Margin(%) Net profit after tax/ Revenue from operations (rn) Outstanding Redeemable Preferen(t Shares (Quantily) (n) Outstanding Redeemable Preference Shares (Value) (o) Capital Redemption Reserve (Rs. in Crores) (p) Debenture Redemption Reserve (Rs. in Crores) (q) N<I Worlh (Rs, in Crom) Eqmly share capital + Other equity (r) Net Profit After Tax (Rs, in Crores) (s) Earnings Per Share (F11ce Value or Re. I eAch) • Basic Diluted ,. 1101 a111111al,sed Jo, //,e illle1 im /Jt!I iod,· Three monlhs ended 30.09. 2026 (Unaudiled) 0.22 8.93 12.87 2.07 0.00 0.00 0,82 0,17 1.34 17.9Jo/. lJ.68% Nil Nil Nil Nil 5,135.22 231.32 4,60 4.60 Previous Three months ended 30 06 2026 ( Unaudited) 0 24 9 12 IS 36 2 12 0 00 0 00 0 82 0 18 I 85 I 07 21 87% 1595% NH Nil Nil Nil 4,901 47 228.43 4 55 4 55 Corresponding Three months ended 30 09 2025 in the prevmus year (Unaudited) 0 21 12 22 18 18 2 36 0 04 0 00 0 76 016 I 64 0 90 2221% 1645% Nil Nil Nil Nil 4.068 98 176 14 3 58 3 55 Year to dale figures for the current period ended 30.09.2026 (Unaudited) 0,22 9.01 13.98 2.07 0,00 0.00 0.82 0,17 3,58 2.66 19.73% 14.72% Nil Nil Nil Nil 5,135.22 459.75 9.15 9.15 Year to date figures for the previous period ended 30 09 2025 ( Unaudited) 0 21 12 14 17 65 2 36 004 0 00 0 76 0. 16 3 49 2 07 21 6 1% 1624% Nil Nil Nil Nil 4,068 98 355 so 7 26 7 20 Previous year ended 31 03 2026 (Audited) 016 6 56 17 61 2 28 0 00 0 00 0 80 0 12 6 9 1 4 30 21 58% 1620% NII Nil Nil NII 4,706 68 755,07 15 08 15 02 1 The Holding Company on 09 July 2026 has issued 3,000 units of Commercial Paper of face value of Rs 5,00,000/- each a@gr • ting to Rs 150 Crores at a discount rate of 6 60% pa . due for redemption on 07 October 2026 The credi1 rating assigned for the Commercial Paper by JCRA is Al+ The Commercial paper has t 2 The Holding Company on 09 October 2026 has issued 3,000 units of Commercial Paper of face value of Rs redemption on 28 December 2026 The credit rating assigned for the Commercial Paper by ICRA is Al+ Rs I SO Crores al a discount rate of 6 60% p a , due for - (_f'~ I
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Hlmadrl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office: 23A Netaji Subhas Road 8th Flo01, Suite No. 15, Kolkata - 700 001 Corpotate Identity Numbet: L27 l 06WB I 987PLC042756 Phone: (033 )2230-9953, Fax: (033)2230-905 I Email: info@himadri com, Website : www.himadri.com (3) The above unaudited consolidated financial 1esults have been 1eviewed by the Audit Committee and approved by the Boa,d of Directors in their respective meetings held on 16 October 2026 A Lhmted Review of these consolidated financial results for the quarter and six months ended 30 September 2026 has been canied out by the Stfltuto1y Auditors, 3.S required unde1 Regulation 33 and Regulation 52 o SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201.S. (4) Other expense s includes fmeign exchange fluctuation loss/ (gain) (net) of Rs (11 74) cro,es for the quai1er ended 30 Seplembe1 2026, Rs 25 20 c10res for the quarte, ended 30 June 2026, Rs 5.07 crores for the quai1e1 ended 30 Seplembe1 2025, Rs 13.46 c1ores fo, the six months ended 30 September 2026, Rs (4 69) cro1es for the six months ended 30 September 2025 and Rs 43.56 crores for the year ended 31 March 2026_ (5) Based on the guiding principles given in Ind AS 108 on 'Operating Segments', the Group's business activity falls within following operating segments, namely: (a) Ca, bon mate1i als and chemicals, and (b) Powe, (c) Others (includes Mining and Other business) (6) (a) The consolidated financial results are prepared in accordance with the principle s and procedures for the preparation and presentation of consolidated financial results as set out in Ind AS 11 0 'Consolidated Financial Statements' notified by Ministry of Corporate Affairs, The consolidated financial results of Himad1i Speciality Chemical Limited (the Holding Company or the Parent), include its subsidia,ies , namely AAT Global Limited, Shandong Dawn Himadri hcmicnl lndushy Limited, Himadri Speciality Inc, Himadri Agro Tech Specialities Limited (fonnerly Combe Projects P1ivate Ltd, and Combe Projects Ltd), Himadri Clean Enelb'Y Limited, Himadri Future Maicnnl Technology Limited, lnvati Creations P,ivate Limited, Himadri Green Technologies Innovation Limited, Birla Tyres Limited (w.e f0I April 2025), Himadri Birla Tyre Manufacturer Private Limited (w <.. 01 April 2025), Trancemarine and Confreight Logistics Private Limited (w,e f 04 April 2025), Sturdy Niketan P1ivate Limited (w,e.f 04 April 2025), Himadri Advance New Energy Material Limited (fonne1\y, Elixir Ca1i>o Private Ltd and Elixir Carbo Ltd_) (w e,f 22 April 2025), Himadri lnleb'faled Minerals And Resouices Limited (fonnerly , Himadri Powe, Ltd.) (w.e.f 11 Febn,ary 2026) and Ardent lmpex Fzco (w e.f 22 June 2026) (the Holding Company or the Parent and its subsidiaries together referred to o.s the 'Group'), combined on :, line-by-line basis by adding together the book values of like items of asset and liabilities, income and expenses eliminating intra-group balances and transactions and resulting unrealised gains/ (losses). The consolidated financial results a1e prepared applying unifonn accounting policies on all material items, (7) The Nomination and Remuneration Committee of the Holding Company al its meetmg held on 10 August 2026, has allotted 13,576 equity shares of Re I each (Under Grant II) to the option grantees pursuant to exe1c1se of oplmns under the Holding Company ·s "Himadri Employee Stock Option Plan 2016" , As n result of such allotment , the paid up equity share capital of the Holding Company hns increased from 50,45,60,599 equity sha,es lo 50,45, 74,175 equity shares of face value of Re I each. (8) The Board of Holding Company at its meeting held on 21 September 2026, subject to receipt of requisite approvals from statuto,y and regulato,y authorities, considered and approved the Scheme ol Arrangement between Dalmia Bha,at Refractories Limited ("DBRL" or "Deme,ged Company") and the Holding Company ("HSCL" or "Resulting Company") and their respective shareholders l!Jld creditors pursuant to Section 230 to 232 read with other applicable provisions of the Companies Act, 2013 and the rules framed thereunder ("Scheme") . The Scheme, inter-alia, provides fm demergei by way of hansfer and vesting of the Tyre Business of DBRL ("Demerged Undertaking ") from DBRL to HSCL as a going concern we f the woposcd appointed date i.e. I Octobe, 2026, on an as is where is basis, and the consequent issuance of Resulting Company New Shares (as defined in the Scheme) by HSCL to the eligible shareholders of DBRL in accordance with 1he Share Entitlement Ratio (as defined in the Scheme) in the manner set forth in the Scheme The scheme has since been filed with stock exchanges for app1oval. (9) Earnings per share is not annualised for the quarter ended 30 Septemi>er 2026, 30 June 2026, 30 Septembe r 2025, six months ended 30 Septembe, 2026 and 30 September 2025 Place: Kolkata Date: 16 October 2026 On behalf of the Board of Dircc101 Anurag Choudhury h~innon DIN: U0 l739J 4
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Sing/ii e1i Co. Chartered Accountants 161, Sarat Bose Road Kolkata-700 026, (India) T +91(0)33-2419 6000/01/02 E kolkata@singhico .com www.singhico.com Independent Auditor's Review Report on Unaudited Standalone Financial Results of Himadri Speciality Chemical Limited for the quarter and half year ended September 30, 2026 pursuant to Regulation 33 and Regulation 52 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended To, The Board of Directors Himadri Speciality Chemical Limited 1) We have reviewed the accompanying statement of unaudited standalone financial results together with notes thereon ("the statement) of Himadri Speciality Chemical Limited ("the Company") for the quarter and half year ended September 30, 2026. The statement is being submitted by the Company pursuant to the requirement of Regulation 33 & Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, ("The Regulation") and has been initialled by us for identification purpose. 2) This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors in their meeting held on October 16, 2026 has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 as amended read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial results based on our review. 3) We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity," specified under Section 143 (10) of the Companies Act, 2013. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making enquiries primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and consequently does not enable us to obtain assurance that we would be aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4) Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement prepared in accordance with the applicable Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued there under and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 & Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201S, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Kolkata Date : October 16, 2026 Offices, Kolkata, Delhi NCR, Mumbai , Chenna i, Bengaluru, Pune & Raipur For Singhi & Co. Chartered Accountants Firm Registration No.302049E w'I". ~ (Navi ra Kumar Surana) Partner Membership No. 053816 UDIN: 2 bo5381& 'vJl<OA KFU,6~
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Sr. No. I. 2. 3. 4. 5. 6. 7. 8. 9. IO. II. 12. H l m a drl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office 23A Netaji Subhas Road 8th Floor, Suite No 15, Kolkata - 700 00 I Corporate Identity Number: L27106WB 1987PLC042756 Phone (033 )2230-9953, Fax: (033 )2230-9051 Email: info@himadri com, Website: www himadri com S101ement of t!no udilt't.l Stumh1lone t-"inoncinl llt.!liult."t for the Ou11r1cr Jtnd Six Months Ended 30 St=1i1embcr 2016 P.11rckulnrs Three month!I Previous Three Corresponding Year to date ended 30.09.2026 months ended Three months ended figures for the 30 06 2026 30 09 2025 in the current period previous year ended 30.09.2026 /Un:iudltcdl rUnuuducdl (Unnndnedl lllnou<litedl Income fa) Revenue from Operations 1,542.67 1,274.26 1,070 41 2,816.93 (bl Other Income 4~,JJ 58A5 38 29 102.78 1'otol Income 1.587.00 1,332.71 1. 108 70 2,919,71 Expe.nst'.!~ (a) Cost of materials consumed 1,143.87 1,002 39 714 18 2,146.26 (b) Changes in inventories of finished goods and work-in-progress (95,114) (198 22) (38 58) (293.26) (c) Employee benefits expense 42.94 42 09 40 14 85.03 (d) Finance costs 26.55 21 22 13.17 47.77 (e) Depreciation and amortisation expense 19.69 19 25 1559 38.94 (f) Other expenses 131.12 I 5L'JI 11 7.06 183.03 Toln l Expenses 1.269.IJ 1,0386'1 861 S6 2,307.77 Profil/ (Loss) before exceptional items and tax ( 1-2) 317.87 294 07 247 14 61!.94 E~ccptiono1 Items . . Profit/ (Loss) before lex (3+4) 317,87 294 07 247 14 611.94 Tnl ~,,en .Sr (a) Current tax 69.44 60 15 S4 96 129.59 (b) Deferred tax 8.66 10 50 5 33 19,16 (c) Income tax related to earlier years . . . . To1nl tax expense 78. 10 1065 60 29 148,75 Nl!i Profit/ (Lo,s) ofter tax (5-6) 239.77 223 42 1868S 463.19 Other Comprehensive Income Items that will not be reclassified subsequently to profit or loss 0.04 3 70 (I 05) 3.74 Income-tax relating to items that will not be reclassified to profit or loss . (0 S2) 015 (0,52) Items that will be reclassified subsequently to profit or Joss . Income-tax relating to items that will be reclassified to profit or loss . . Totnl Other Comprehensive Income (net of tax) 0.04 3 18 (090 1 J.22 Total Comprehem1ive Income (7+8) 239.81 22660 18595 46GAI Paid-up equity share capital 50.46 5045 4942 50.46 (Face value Re I each) Other Equity Enrnin~• per equity share (of Re. I each) (refer note 8) (n.) Basic (Rs) 4.75 4 43 }_78 9.18 (b) Diluted (Rs) 4.75 4 43 3 76 9,18 {(ls. In Cror,.l Year to date Previous year figures for the ended 31 03 2026 previous period ended 30 09 2025 (Una11d1tcdJ fAudited) 2, 170 83 4,405 11 6589 176,30 2.236 72 •l,58 1 41 1,439 00 2,673 93 (59 35) 93.61 73 87 15096 27 54 58,40 2849 60 82 23593 552...ll 1.745 48 3,500.0S ·191 ~4 991 36 . 491 24 99136 115 35 218 55 6 47 22 74 . 037 121 8~ 24 1 66 36942 74970 0 37 I 01 0 29 0 15 . . . 0 66 I 16 370 08 750 86 49.42 50.45 4,572 30 7 48 15 05 7 43 14 98
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Sr. No. I. 2. 3. 4. Hlrnadrl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office: 23A Netaji Subhas Road 8th Floor, Suite No 15, Kolkata - 700 001 Corporate Identity Number: L27 I 06WB I 987 PLC042756 Phone: (033 )2230-9953, Fax: (033 )2230-905 I Email: info@himadri com, Website www himadri com Standalone Segment wise Revenue, R~sults, Assets and Liabilities Particulars Three months Previous Three Corresponding ended 30.09.2026 months ended Three months ended 30 06 2026 30 09 2025 in the previous year /Unaudited\ (Unaudited) (Unaudi ted\ Segment Revenue (a) Carbon materials and chemicals 1,534.40 1,265 I 7 1,066 59 (b) Power 33.32 31 88 22 90 Total segment revenue (a+ b) 1,567.72 1,297 05 1,089 49 Less: Inter se_gment revenue 25.05 22 79 19 08 Total Revenue from Operations 1,542.67 1.274 26 1,07041 Segment Results (a) Carbon materials and chemicals 258.66 254 01 207 97 (b) Power 29.84 28 10 19 15 Total segment profit before interest, tax and unallocable items (a+ b) 288.50 282 11 227 12 Add/ (Less): (a) Finance costs (26.55) (21 22) (13 17) (b) Other unallocable income net of unallocable expenses• 55.92 33 18 33 19 Total Profit/ (Loss) before tax 317.87 2-9407 247 14 Segment Assets (a) Carbon materials and chemicals 4,332.97 4,173 94 3,491 41 (b) Power 100.85 101 78 100 76 (c) Unallocated 2.301.77 2.180 98 1,73447 Total assets 6,735.59 6.456 70 5,326 64 Segment Liabilitie s (a) Carbon materials and chemicals 214.66 192 87 2 16 68 (b) Power 0.66 I 07 0 54 ( c) Unallocated 1.471.01 1.453 77 I.I 13 03 Total liabilities 1,686.33 1.647 71 1.330 25 • rncludcs other ,nconic and fordMn exchnn~.c lOSllf (swm) (nc1I. fully unullocnblc IR<. in Crorosl Year to date Year to date Previous year figures for the figures for the ended 31 03 2026 current period previous period ended 30.0 9.2026 ended 30 09 2025 (llna11dited) (Unaudjted) (Audited\ 2,799.57 2,161 57 4,385 81 65.20 48 44 95 50 2,864.77 2,210 0 1 4,481 31 47.84 39 18 7620 2,8 16.93 2.170 83 4.405 11 512.67 40690 835 98 57.94 41 29 81 29 570.61 448 19 917 27 (47.77) (27 54) (58 40) 89.10 70 59 132 49 611.94 491 24 991 36 4,332.97 3,491 41 3,803 22 l00 .85 100 76 99 84 2,301.77 1.734 47 2.184 20 6,735.59 5.326 64 6.087 26 214 .66 2 1668 45048 0.66 0 54 0 58 1,471.01 1.113 03 1,013 44 I .686.33 1.330 25 l ,•16450
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Hlmadrl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office: 23A NetaJi Subhas Road 8th Floor, Suite No 15, Kolkata - 700 00 I Corporate Identity Number: L27 I 06WB I 987PLC042756 Phone: (033 )2230-9953, Fax: (033 )2230-9051 Email: info@himadri com. Website : www himadri com STANDALONE STATEMENT OF ASSETS AND LIABILITIES Sr. Particulars No. A ASSETS I. Non-current assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Right of use assets (d) Intangible assels ( e) Financial assets (i) Investments (ii) Loans (iii) Trade receivables (iv) Other financial assets (f) Non-current tax assets (net} (g) Other non-current assets Total non-current assets 2. Current assets (a) Inventories (b) Financial assets (i) investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents (v) Loans (vi) Other financial assets ( c) Other current assets Total current assets !TOTAL ASSETS B EQUITY AND LIABILITIES (. EQUITY (a) Equity share capital (bl Other eouitv Total Eauitv 2. LIABILITIES Non-current liabilities (a) Financial liabilities (i) BorTOwings (ii) Lease liabilities (iii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (net) Total non-current liabilities Current liabilities (n) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables total outstanding dues of micro enterprises and small enterprises total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Provisions ldl Current tux linbiht1<> tnct) Total t:urrent liabilities Total liabilities TOTAL E01 1ITI' AND LIABILIT IES (fu. in Cron'.1l Asal Asat 30,09.2026 31 03 2026 (Unaudited} ( Auditedl 1,808.36 t ,726 79 230.41 234 16 34.64 40 98 0.40 0 47 1,425.03 I, 133 93 161.11 141 30 10.18 10 18 148.59 12691 9.00 900 133.18 64 78 3,960.90 3.488..50 699.01 695 21 15.35 113 12 1,089.04 751 76 76.62 143 97 516.65 566 67 1.14 I 97 35.36 24 01 341.52 302 05 2,774.69 2.598 76 6,735.59 6.087 26 50.46 50 45 4,998-80 4.572 31 5,049-26 4.622 76 2.76 2 51 0.65 072 0.26 026 12.96 1292 305.53 285 85 322.16 302 26 1,082.93 719 24 0.51 084 3.63 6 20 146.66 354 62 39.32 67 93 10.30 7 10 3.76 2 51 77.06 3 80 1.364.17 1.162 24 1,686.33 1.464 50 6 735.59 6.087 26 (_ ~ (Ol.l<ATA , ,.,
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H lmad rl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office: 23A Netaji Subhas Road 8th Floor, Suite No 15, Kolkata - 700 001 Corporate Identity Number : L27 I 06WB 1987PLC042756 Phone: (0JJ )2230-9953, Fax: (033 )2230-905 I Email: info@himadri com, Website: www himadn com NOTES:- (II 1~7'ANDALONE ST,\T"MENT OF' CASH FLOWS Particulars ,\ Casb flows from operatinR activities Ni.'I profit before tax Ad1ustmcrus for: Depreciat10n and amortisation expense Finance costs Interest income Net (gain)/ loss on fair valuation of investments through profit or loss Net (gain)/ loss on sale of current investments carried at FVTPL Liabilities no longer required written back Unrealised foreign exchange nuctuation (gain)/ losses, net Loss/ (gain) (net) on sale of property, plant and equipment Ca,h generated from operations before workin~ capital chan~es Movcmtnl in working capital· (Increase)/ Decrease in inventories (Increase)/ Decrease in trade receivables (Increase) / Decrease in financial and olher assets Increase/ (Decrease) in trade payables Increase/ (Decrease) in financial liabilities (net) Increase/ (Decrease) in other liabilities and provisions (net) C-•'-'h ~enerated from/ (used in) operations Tnxes1>111d IN\lt cu.s.h t•cncnHcd from/lused inl oncnati ns:? acti, •itics II Cash flows rrorn investing adivities Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Purchase of intangible assets Interest income received Loan refunded by subsidiary Loan given to a sl1bsidiaries Sale/ ( purchase) of current investments ( net) Purchase of non-current investments Investment in subsidiaries Redemption of bank deposits (having maturity of more than 3 months) Jnvcsuncnt in bank de.nosh< Clmvmu_mnturitv of more lhnn 3 n10n~1$) Ne1 rnsh l!c11crurctl from/ (usct.l in) ln\•c..,1ine. activities IC IC:1sh nows from financin~ activities Proceeds from allotment of equity share under employee stock options Proceeds from issue of warrants convertible into equity shares Proceeds from non-current borrowings Repayment of non-current borrowings Proceeds from/ (Repayment ot) current borrowings (net) Interest paid Payment of lease liabilities (principal portion) Payment of lease liabilities (interest portion) Net proceeds/ (Outflow) on settlement of derivative contracts Dividend m11d Ne• cash generated from/ (ust'd in) nnancing aclivities Nee incroru<,I ld•cr•~••I in cash and tnsh cauivalcnlS (A+B+C) I Casi, and cash equivalents al the beginning of the period Add: Transferred pursuant to scheme of Amalgamation (refer note 5) Effect of exchange rate nuctuations on cash held in foreign currency (EEFC accounts) Cnsh and cn5h coui, ,a.lcnts-u.t th'! end of the ncr1ot.l St111c111cn1 of Cash flows has been prcnnrcd under 1hc 11ld11cc1 method as stl out rn Ind AS 7 "Statement or Cosh Flows• (R,,, In Croros) Period ended Period ended 30,09.2026 JO 09 2025 /Un•udil~dl I U110ud11cd) 611.94 491 24 38,94 28 49 47.77 27 54 (30,25) (JI 09) (65.78) (2680) (3.20) (0.06) (12.75) 7 34 0.19 (0 30) (25.14) 518 586.80 496 42 (3.80) (114 84) (324.51) (0 77) (67.18) (14907) (210.61) (80 63) (24.95) 5 04 4.45 (2.66 ) 1626.601 (342 93) (39.80) 153 49 (56.33) (99 69) 196.13\ 53 80 (178.77) (16925) 0.67 8 64 (0.03) (0 03) 15.56 8 92 4 50 (19.74) (122 56) 99.92 (35 00) (215.41) (211 94) - (IJ 37) 184.76 102 85 {l34.76\ (152-N) 1247.80) (580 OJ) 0.46 I 12 - 7 30 0.76 I 88 (0.43) (096) 363.60 491 00 (46.99) (JO 74) (0.40) (0 37) (0.06) (0 09) (2 75) (40.36) (29 63) 276.58 436 76 (67.35) (8947) 143.97 153 OJ - - - 76.62 63 56
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Hlrnadrl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office: 23A Nelaji Subhas Road 8th Floor, Suite No 15, Kolkata • 700 001 Corporate Identity Number: L27106WB I 987PLC042756 Phone: (033)2230-9953, Fax: (033)2230-9051 Email: mfo@himadn com. Website: www himadri com (2) Additional information pursuant to Regulation 52(4) or lhe Securities and Exchange Board of India (Listing Obligalion and Disclosure Requiremenls) Regulnlions. 2015, as amended for Unaudited Standalone Financial Resulls as at and for the Qunrter and Sh Monlhs Ended on JO September 2026; Sr. No. Particulars Three monlhs Previous Three Corresponding Three Year lo d11te Year to date Previous year ended months ended monlhs ended figures for the figures for the ended 30.09.2026 30 06 2026 JO 09 2025 in the previous period previous period JI OJ 2026 previous year ended 30.09.2026 ended JO 09 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (a) Debl-Equily Ratio (in times) 0.22 0.23 0.20 0.22 0.20 0.16 Total Debt / Shareholder's Equity Total Debt: Non-current borrowings+Currenl borrowings+ Non-current and current lease liabilities Shareholder's Equity : Equity share cap ital + Other equity (b) Debt Service Coverage Ratio (in times) 9.68 9.73 14.71 9.70 14.05 12.74 Earning for Debt Service (i e Net Profit afler taxes + Non-cash operaling expenses like depreciation and other amortizations + Interest + other adjuslments like loss on sale of fixed assels+Loss allowances for doubtful trade receivables and advances+Gain/Loss on fair value of current/non current investments+Unrealiscd foreign exchange fluctuations etc ) / Debt service (i e Interest & Lease Payments -+ Principal Repayments excluding Prepayments of non-current borrowi ngs) (c) Interest Service Coverage Ratio (in times) 13.71 15.77 20.95 14.63 19.87 19.02 Earning Before Interest, Tax, Depreciation and Amortisation expenses (EBITDA) / Interest expense (d) Current Ratio (in times) 2.03 2.05 2.22 2.03 2.22 2.24 Current assets/ Current liabilities (e) Long Term Debi to Working Capital Ratio (in times) 0.00 0.00 0.00 0.00 0.00 o.oo (Non current borrowings+ Non current lease liabilities + Current maturity of non- current borrowings)/ (Current assets- Current liabilities) (f) Bad Debts to Account Receivable Ratio (in times)"' 0.00 o.oo 0.00 0.00 o.oo 0.00 Bad debts/ Average trade receivables (g) Current Liability Ratio (in limes) 0.81 0.81 0.79 0.81 0.79 0.79 Current liabilities/ Total liabilities (h) Total Debts lo Total Assets Ralio (In times) 0.16 0.17 0.15 0.16 0.15 0.12 (Non-current borrowings+Current borrowings+ Non-current and Current lease liabilities)/ Total assets (i) Debtors Turnover (in times)"" 1.55 1.54 1.61 3.03 3.37 6.29 Revenue from operations/ Average trade receivables (j) ln\lenlory Turnover (in times) 111 1,34 1.03 0.94 2.66 2.14 4.32 Cost of goods sold/ Average inventory (k) Operating Margin (%) 19.98% 23.65% 22.67% 21.64% 21.96% 22.20% Profit before tax and extraordinary items+ Depreciation and arnortisalions + Finance costs - Other income+ Exchange loss /(Gains)/ Revenue from operations (I) Net Profit MRrgin (%) 15.54% 17.53% 17.46% 16.44¾ 17.02% 17.02'/o Net profit after tax/ Revenue from operations (m) Outslanding Redeemable Prererence Shares (Quantity) Nil Nil Nil Nil Nil Nil (n) Oucstanding Redeemable Prererence Shares (Value) Nil Nil Nil Nil Nil Nil (o) Capital RedempCion Reserve (Rs. in Crores) NII Nil Nil Nil Nil Nil (p) Debenlnre Redemption Reserve (Rs. in Crores) Nil Nil Nil Nil Nil Nil (q) Nel Wonh (Rs. in Crores) 5,049.26 4,808.99 3,996.39 5,049.26 3,996.39 4,622.76 Equity share capital+ Other equity (r) Net Pro lit Arter Tax (Rs. in Crores) 239.77 223.42 186.85 463.19 369.42 749.70 (s) Earnings Per Share (Face Vsdue or Re. 1 each) 111 Basic 4.75 4.43 3.78 9.18 7.48 IS.OS Diluted 4.75 4.43 3.76 9.18 7.43 14.98 "'not ammahn td /hr the interim period'i I .The Company on 09 July 2026 has issued 3,000 units of Commercial Paper of face value of Rs 5,00,000/- each aggregating to Rs 150 Crores at a discount rate of 6 60% pa, due for redemption on 07 October 2026 The credit rating assigned for the Commercial Paper by ICRA is Al+~ The Commercial paper has redeemed on 07 October 2026 2 The Company on 09 October 2026 has issued 3,000 units of Commercial Paper of face value of Rs Decembe r 2026 The credit rating assigned for the Commercial Paper by ICRA is Al+
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NOTES:- Hlmadrl HIMADRI SPECIALITY CHEMICAL LIMITED Registered Office: 23A Netaji Subhas Road 8th Floor, Suite No I 5, Kolkata - 700 00 I Corporate Identity Number: L27 l 06WB J 987PLC042756 Phone: (033)2230-9953 , Fax: (033)2230-9051 Email: info@himadri com, Website: www himadri com (3) The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 16 October 2026 A Limited Review of these standalone financial results for the quarter and six months ended JO September 2026 has been carried out by the Statutory Auditors, as required under Regulation 33 and Regulation 52 of 81 (Listing Obligations and Disclosure Requirements) Regulations, 2015 (4) Other expenses includes foreign exchange fluctuation loss/ (gain) (net) of Rs ( 11 59) crores for the quarter ended 30 September 2026, Rs 25 27 crores for the quarter ended 30 June 2026, Rs 5 IO crores for the quarter ended 30 September 2025, Rs 13 68 crores for the six months ended 30 September 2026, Rs ( 4 70) crores for the six months ended 30 September 2025 and Rs 43 81 crores for the year ended 31 Morch 2026 (5) Based on the guiding principles given in Ind AS I 08 on 'Operating Segments', the Company's business activity falls within two operating sebrments, namely: (a) Carbon materials and chemicals, and (b) Power (6) The Nomination and Remuneration Committee of the Company at its meeting held on IO August 2026, has allotted I 3,576 equity shares of Re I each (Under Grant II) lo the option grantees pursuant to exercise of options under the Company's "Himadri Employee Stock Option Plan 2016" As a result of such allotment, the paid up equity share capital of the Company has increased from 50,45,60,599 e11111ty shares to 50,45,74, 175 equity shares of face value of Re I each (7) The Board at its meeting held on 21 September 2026, subject to receipt of requisite approvals from statutory and regulatory authorities . considered and approved the Scheme of Arrangement between 011 hn1tt Bharal Refractories Limited ("DBRL" or "Demerged Company") and the Company ("HSCL" or "Resulting Company") and their respective shareholders and creditors pursuant to Section 230 to 232 read w11 h other applicable provisions of the Companies Act, 2013 and Lhe rules framed thereunder ("Scheme ") The Scheme, inter-aha, provides for demerger by way of transfer and vesting of the Tyre Business of DBRL ("Demerged Undertaking") from DBRL Lo HSCL as a going concern we f the proposed nppo,ntcd date i e I October 2026, on an as is where is basis, and the consequent issuance of Resulting Company New Shares (as defined in the Scheme) by HSCL to the eligible shareholders of DBRL in oc ordllnce with the Share Entitlement Ratio (as defined in the Scheme) in the manner set forth in the Scheme The scheme has since been filed with stock exchanges for approval (8) Earnings per share is not annualised for the quarter ended 30 September 2026, 30 June 2026, 30 September 2025, six months ended 30 September 2026 and 30 September 2025 Place: Kolkala Dot,~ I~ Octob,:r 20~6 - * On behalf of the Board of Directors {(GKAT~ ~~"£7 Chairman "°cJ•IJt ,.:,~ DIN: 00173934