Key Quantitative Figures

  • Additional investment amount: USD 0.66 million
  • Previous total investment: USD 5.43 million
  • Previous stake holding: 17.29% on fully diluted basis
  • New aggregated stake: 20.47% on fully diluted basis
  • Stake composition: Includes both common and preferred stock

Dates of Action

  • Press release date: June 19, 2026
  • Regulatory filing date: June 19, 2026
  • Digital signature timestamp: 2026.06.19 18:38:07 +05'30'

Parties Involved

  • Himadri Speciality Chemical Ltd (Investor)
  • International Battery Company, Inc. (IBC) - U.S. headquartered technology developer and manufacturer
  • Monika Saraswat, Company Secretary & Compliance Officer (ACS: 29322) - signing authority

Strategic Rationale and Partnership Details

The investment reinforces Himadri's commitment to advanced battery technologies and strengthens the strategic partnership established over the past year. The increased stake reflects meaningful progress achieved through the partnership, including successful validation of battery materials and advancement of next-generation cell development programs.

Access and Benefits Gained

Himadri gains strategic access to:

  • IBC's advanced battery technology capabilities
  • R&D centre in California, USA
  • Manufacturing facility in South Korea
  • Upcoming Gigafactory in Bengaluru, India

Commercial Deployment Support

The partnership supports commercial deployment of Himadri's:

  • Lithium Iron Phosphate (LFP) Cathode Active Materials
  • Advanced Anode Materials

Collaboration Value Creation

For Himadri: Strengthens downstream integration within battery value chain, leverages IBC's cutting-edge battery technology, AI-driven research capabilities, and established manufacturing infrastructure in South Korea to fast-track transition from laboratory development to real-world applications.

For IBC: Secures access to reliable supply of high-quality cathode and anode materials critical to battery performance, safety, and cost competitiveness. Benefits from Himadri's expertise in materials science, supply chain management, manufacturing excellence, and global market reach.

Management Commentary

Mr. Anurag Choudhary, CMD & CEO, stated that the decision is backed by tangible progress including successful validation of battery materials, advancement of next-generation cell development programs, and creation of clear pathway toward commercial deployment across mobility and energy storage applications. The collaboration strengthens Himadri's position across global battery value chain and supports commercialization of battery materials portfolio.

Expected Outcomes

The strengthened collaboration is expected to accelerate development and deployment of next-generation battery technologies to address growing need for high-performance, scalable, and sustainable energy storage solutions across mobility, grid storage, and other emerging applications.

Company Background

Himadri Speciality Chemical Ltd is a global speciality solutions company with products trusted across 61 countries, serving industries including lithium-ion batteries, electric mobility, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence, and construction chemicals. The company operates eight zero-liquid-discharge manufacturing facilities and meets 100% of electrical energy requirements through in-house clean power generation.

#Tags: #HimadriSpecialityChemical #InternationalBatteryCompany #StakePurchase #BatteryTechnology #SEBIDisclosure #RegulatoryCompliance #StrategicInvestment #Positive