Himadri Speciality Chemical : Agreements/Contracts/Arrangements/ MOU's PARA B

Ref. No: HSCL / Stock-Ex/2022-23/19

Date: 09/07/2022

	E-mail:[e-mail]
Ref : Listing Code: 500184	Ref: Listing Code: HSCL
BSE Limited	National Stock Exchange of India Ltd
Department of Corporate Services	Exchange Plaza, C-1,Block-G
P. J. Towers, 25th Floor,	Bandra Kurla Complex,
Dalal Street,	Bandra (E)
Mumbai- 400 001	Mumbai- 400 051

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015- Intimation of Family Settlement Agreement (FSA)

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), this to inform you that in the Board Meeting held on July 8, 2022, it was informed to the Board members that the Promoters of the Company have inter-se entered into a Family Settlement Agreement ("FSA") by virtue of which BLC Family (as defined below) have:

1. ceased to hold any right in the management and/or control in the Company;
2. have also submitted request / application under Regulation 31A of SEBI Listing Regulations to re-classify themselves from promoter and promoter group to public category; and

The relevant details, as informed to the Board with respect to the said FSA are as under:

Name(s) of parties with whom the agreement is	The FSA has been entered into between the SSC
entered;	Family and BLC Family.
	∙ SSC Family comprises of Mr. Shyam
	Sundar Choudhary, Mr. Anurag Choudhary
	and Mr. Amit Choudhary
	∙ BLC Family comprises of Mr. Bankey Lal
	Choudhary, Mr. Vijay Kumar Choudhary
	and Mr. Tushar Choudhary
Purpose of entering into the agreement	This Family settlement, has been entered to, inter
	alia, amicably settle all past issues between them for
	the long term peace and harmony.
Shareholding, if any, in the entity with whom	The FSA has been entered into between two
the agreement is executed	families and the Company is not a party to it.
Significant terms of the agreement (in brief)	Pursuant to the FSA, the BLC Family ceases to hold
special rights like right to appoint directors,	any right in the management and/or control in the

KAMLESH

KUMAR AGARWAL

Digitally signed by KAMLESH KUMAR AGARWAL DN: c=IN, o=HIMADRI SPECIALITY CHEMICAL LTD, ou=CHIEF FINANCIAL OFFICER, 2.5.4.20=8fc389b17b836362f88087685910284bdee3b6c5 f51eeafdc9828257f0869e78, postalCode=700001, st=West Bengal, serialNumber=984a65b9994f6efeddb7c74fc8f22d869e1c e3c085689b052dc0a1d98cfe1ed5, cn=KAMLESH KUMAR AGARWAL

Date: 2022.07.09 01:26:43 +05'30'

first right to share subscription in case of	Company and have also submitted request/
issuance of shares, right to restrict any change	application under Regulation 31A of SEBI Listing
in capital structure etc	Regulations to re-classify themselves from promoter
	and promoter group to public category. Pursuant to
	the realignment, the SSC Family led by Mr Anurag
	Choudhary as its Managing Director and CEO will
	continue to manage and control the Company.
Whether, the said parties are related to	Yes, the parties to the FSA consists of the promoter/
promoter/promoter group/ group companies in	promoter group and their immediate relatives.
any manner. If yes, nature of relationship	SSC Family continues to be part of the promoter /
	promoter group. BLC Family ceases to hold any
	right in the management and/or control in the
	Company and have also submitted request /
	application under Regulation 31A of SEBI Listing
	Regulations to re-classify themselves from promoter
	and promoter group to public category.
Whether the transaction would fall within	The FSA has been entered into between the two
related party transactions? If yes, whether the	promoter groups viz. SSC Family and the BLC
same is done at "arms length";	Family. The Company is not a party to it save to the
	extent of the non compete agreement which has
	been entered into on an arms length basis.
In case of issuance of shares to the parties,	No shares are being issued pursuant to the FSA.
details of issue price, class of shares issued;	Accordingly, this clause is not applicable.
Any other disclosures related to such	Not Applicable
agreements, viz., details of nominee on the
board of directors of the listed entity, potential
conflict of interest arising out of such
agreements, etc;
In case of termination or amendment of	Not Applicable
agreement, listed entity shall disclose
additional details to the stock exchange(s):
a) name of parties to the agreement;
b) nature of the agreement;
c) date of execution of the agreement;
d) details of amendment and impact thereof or
reasons of termination and impact thereof.

This is for your information and taking on record.

Thanking you,

Yours faithfully, For Himadri Speciality Chemical Ltd

KAMLESH

KUMAR AGARWAL

Digitally signed by KAMLESH KUMAR AGARWAL DN: c=IN, o=HIMADRI SPECIALITY CHEMICAL LTD, ou=CHIEF FINANCIAL OFFICER, 2.5.4.20=8fc389b17b836362f88087685910284bd ee3b6c5f51eeafdc9828257f0869e78, postalCode=700001, st=West Bengal, serialNumber=984a65b9994f6efeddb7c74fc8f22d 869e1ce3c085689b052dc0a1d98cfe1ed5, cn=KAMLESH KUMAR AGARWAL

Date: 2022.07.09 02:00:10 +05'30'

Chief Financial Officer