Kolkata, September 12: Himadri Speciality Chemical Ltd has strengthened its strategic investment in Sicona Battery Technologies Pty Ltd by subscribing to 15 lakh Compulsorily Convertible Notes (CCNs), amounting to AUD 15 lakh (1.5 million). This forms part of a broader AUD 1.5 crore (15 crore INR) investment plan to be deployed over 18 months.
Investment Plan Progress
With this latest infusion, Himadri has now invested AUD 56.71 lakh (5.67 crore INR), leaving AUD 1.08 crore (10.83 crore INR) to be invested in the coming months. The investments are structured to be deployed in tranches, reflecting a measured approach aligned with Sicona’s growth and operational needs.
| Item | Amount (AUD) | Amount (INR Crore) |
| Total Planned Investment | 1,50,00,000 | 15.00 |
| Investment to Date | 56,71,000 | 5.67 |
| Remaining Investment | 1,08,29,000 | 10.83 |
Strategic Significance
Himadri’s ongoing investment demonstrates its commitment to the battery technology and advanced materials sector. The partnership with Sicona positions the company to capitalize on the growing global demand for innovative battery solutions, particularly in electric vehicles and renewable energy storage.
Regulatory Compliance
The company has disclosed this update to the stock exchanges under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring adherence to all regulatory requirements.
Summary
- Investment Vehicle: Compulsorily Convertible Notes (CCNs)
- Latest Investment: AUD 15 lakh (1.5 million)
- Total Planned Investment: AUD 1.5 crore (15 crore INR)
- Investment to Date: AUD 56.71 lakh (5.67 crore INR)
- Remaining Investment: AUD 1.08 crore (10.83 crore INR)
- Objective: Expand footprint in battery technology and advanced materials
Disclaimer:
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