Latest news with #HUIL
Business Standard
a day ago
- Business
- Business Standard
DCM Shriram to acquire 100% stake in Hindusthan Speciality Chemicals for Rs 375 crore
DCM Shriram said that its board has approved definitive agreements to be entered into for acquiring 100% equity share capital of Hindusthan Speciality Chemicals for a total consideration of Rs 375 crore. Hindusthan Speciality Chemicals is engaged in the business of manufacturing and distributing solid and liquid epoxy resin, reactive diluents, formulated epoxy resin and formulated curing agents. The company had recorded a turnover of Rs 274.7 crore in FY25. DCM Shriram stated that this acquisition would mark the entry of the chemicals business of the company in the epoxy & advanced materials space, as a downstream integration of epichlorohydrin (ECH). It further said that No major Governmental or Regulatory approvals are required for the said acquisition, excepting certain approvals of local industrial and other authorities. Hindusthan Speciality being material subsidiary of Hindusthan Urban Infrastructure (HUIL), a company listed on the BSE, sale of shares by HUIL would require approval of its shareholders by way of special resolution in terms of listing regulations. The acquisition is expected to be completed by September 2025, subject to fulfilment of conditions specified in definitive agreements. This acquisition builds on DCM Shrirams earlier announcement in February 2024, committing Rs 1,000 crore for the establishment of its epoxy and advanced materials business under the chemicals strategic business unit (SBU). DCM Shriram is a diversified business group, with presence across the chloro-vinyl (chlor-alkali and plastics), sugar and agricultural inputs (farm solutions; urea and bioseed) businesses. The company is also engaged in Fenesta building system and cement. The companys consolidated net profit jumped 51.88% to Rs 178.91 crore in Q4 FY25 as compared with Rs 117.80 crore in Q4 FY24. Revenue from operations (excluding excise duty) jumped 19.9% YoY to Rs 2,876.76 crore during the quarter ended 31st March 2025. The scrip added 0.56% to currently trade at Rs 1131.25 on the BSE.
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
DCM Shriram to acquire Hindusthan Speciality Chemicals for ₹375 crore
DCM Shriram on Wednesday said its Board of Directors has approved the acquisition of a 100 per cent equity stake in Hindusthan Speciality Chemicals Limited (HSCL) for ₹375 crore. DCM Shriram plans to pay ₹375 crore in one or more tranches, subject to adjustments in the terms of definitive agreements. The agreements for the acquisition were approved at the board meeting held on 12 June 2025, and the transaction is expected to be completed by September 2025, subject to regulatory and shareholder approvals. The acquirer operates across chemicals, agri-rural, and value-added businesses. HSCL, headquartered in Bharuch, Gujarat, operates in the epoxy and advanced materials segment. The company is engaged in the manufacturing and distribution of solid and liquid epoxy resins, reactive diluents, formulated epoxy resins and curing agents. HSCL was incorporated on 11 July 2003. 'No major governmental or regulatory approvals are required for the said acquisition, except certain approvals from local industrial and other authorities. As the target entity is a material subsidiary of Hindusthan Urban Infrastructure Limited (HUIL), a company listed on BSE Ltd, the sale of shares by HUIL would require approval of its shareholders by way of special resolution in terms of Listing Regulations,' DCM Shriram stated. 'We believe HSCL's proven technology, strong customer base, and strategic location will provide a solid foundation to scale this business rapidly'' Shriram added. Financial performance For the financial year 2024–25, HSCL has reported an unaudited turnover of ₹273.8 crore and had a paid-up share capital of ₹144.6 crore. The company has faced continued losses over the past three years. It posted a net loss (PAT) of ₹28.3 crore in FY25, ₹32.8 crore in FY24 and ₹47.5 crore in FY23. Profit before depreciation, interest and taxes (PBDIT) also remained negative during this period, indicating ongoing operational challenges. The net worth of the company as on 31 March 2025 stood at negative ₹76.1 crore, based on unaudited financials.
