Himadri Speciality Chemical Ltd on Thursday, September 24, 2026, informed the stock exchanges that its subsidiary Trancemarine and Confreight Logistics Private Limited has entered into an agreement to sell a 34% stake in its own subsidiary, Sturdy Niketan Private Limited.
The stake will be sold in the form of equity shares of Sturdy Niketan. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Sturdy Niketan to remain a step down subsidiary
Following the sale, Trancemarine will continue to hold 65% in Sturdy Niketan. As a result, Sturdy Niketan will remain a subsidiary of Trancemarine and a step down subsidiary of Himadri Speciality Chemical. The post deal holding indicates that Trancemarine owned around 99% of Sturdy Niketan before the transaction.
The company clarified that neither Trancemarine nor Sturdy Niketan qualifies as a material subsidiary. The transaction, therefore, does not amount to a sale or disposal of shareholding or assets of a material subsidiary under SEBI rules.
Not a related party transaction
Himadri stated that the deal does not fall within the scope of related party transactions. The buy...