Himadri Speciality Chemical Ltd

Dear Sir/ Madam Pursuant to Regulation 30 of the SEBI Listing Regulations this is to inform you that Himadri Speciality Chemical Ltd (Company/ Himadri) has made an investment (in cash) of AUD 10.32 Million in Sicona Battery Technologies Pty Ltd (Sicona) for acquiring 12.79% shareholding in Sicona. Sicona is a Sydney based battery-technology company which develops next generation battery materials technology used in the anodes (negative electrodes) of lithium-ion (Li-ion) batteries that enable electric-mobility and storage of renewable energy. Sicona is commercialising an innovative silicon-composite battery anode materials technology developed and perfected at the Australian Institute for Innovative Materials (AIIM). Siconas current generation silicon-composite anode technology delivers 50% to 100% higher capacity than conventional graphite anodes and its anode materials can deliver more than 50% higher cell energy density than current Li-ion batteries.