Acquisition

Ref. No: HSCL / Stock-Ex/2026-27/53 Date: 31/08/2026 E-mail: monika@himadri.com Ref: Listing Code: 500184 Ref: Listing Code: HSCL BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, C-1, Block-G P. J. Towers, 25th Floor, Bandra Kurla Complex, Dalal Street, Bandra (E) Mumbai- 400 001 Mumbai- 400 051 Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Update on incorporation of foreign Wholly Owned Subsidiary in Dubai, United Arab Emirates (UAE) Dear Sir/ Madam, In continuation of our earlier announcement dated 15 July 2025 regarding proposed incorporation of foreign wholly owned subsidiary (“WOS”) in Dubai, United Arab Emirates (UAE) by Himadri Speciality Chemical Ltd (‘Company’). Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), this is to inform you that the said wholly owned subsidiary Company under the name of “ARDENT IMPEX FZCO” has been incorporated in the Dubai Airport Free Zone, Dubai, UAE. Disclosures required under Regulation 30 read with Schedule III of the SEBI Listing Regulations read along with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure-A. We request you to kindly take on record the same. Yours faithfully, For Himadri Speciality Chemical Ltd (Company Secretary & Compliance Officer) ACS: 29322 Annexure-A Sl No. Particulars Description 1 Name of the Target entity, details in Name: ARDENT IMPEX FZCO (WOS) brief such as size, turnover etc. Authorised Capital: AED 200,000 divided into 200 shares of AED 1,000 each. Turnover: The WOS is yet to commence business operations 2 Whether the acquisition would fall The WOS has become a ‘related party’ of the Company within related party transaction(s) and whether the promoter/ promoter There is no other interest of promoter / promoter group/group group/ group companies have any companies in the WOS. interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3 Industry to which the entity being Industrial Chemicals Trading, Petrochemicals Trading acquired belongs 4 Objects and impact of acquisition The objective of incorporation of WOS is to carry out (including but not limited to, Industrial Chemicals Trading, Petrochemicals Trading disclosure of reasons or acquisition of business in Dubai, UAE. target entity, if its business is outside the main line of business of the listed entity). 5 Brief details of any governmental or Not Applicable. regulatory approvals required for the acquisition. 6 Indicative time period for completion Not Applicable. WOS has been incorporated of the acquisition. 7 Consideration - whether cash The entire amount will be invested in cash through direct consideration or share swap and investment in the subsidiary company details of the same. 8 Cost of acquisition or the price at The contribution to share capital of AED 200,000 will be which the shares are acquired. made in 200 shares of face value of AED 1,000 each 9 Percentage of shareholding / control 100% shareholding as it’s a WOS acquired and / or number of shares acquired. 10 Brief background about the entity ARDENT IMPEX FZCO has been incorporated in Dubai acquired in terms of products/line of Airport Free Zone, Dubai, UAE with the objective to carry out business acquired, date of Industrial Chemicals Trading, Petrochemicals Trading incorporation, history of last 3 years business in Dubai, UAE. turnover, country in which the acquired entity has presence and any Date of Incorporation: 22 June 2026 other significant information (in brief). (Certificate of Formation is received from Dubai Airport Free Zone Authority today i.e. 31 August 2026.) The Company has not commenced business till the date of this intimation. Therefore, details such as the history of the last 3 years, turnover etc. are not applicable.