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 Directors (\Board\) of Himadri Speciality Chemical Ltd ('Himadri' or Company') at its' meeting held today i.e. on 22 May 2025, has inter-alia considered and approved the acquisition of 16.24% stake in International Battery Company, Inc. ('IBC' or 'Target Company'), a Delaware corporation, on fully diluted basis through (i) the purchase of 600,000 (Six Lakhs) common stock from an existing shareholder ('Seller'), (ii) the subscription of 2,100,000 (Twenty-One Lakhs) common stock, and (iii) the subscription of 379,175 (Three Lakhs Seventy-Nine Thousand One Hundred Seventy-Five) Series A Preferred Stock, for a total purchase consideration of USD 4.43 Million (INR 37.47 Crores approximately) ('Purchase Consideration') in cash ('Transaction').