Himadri Speciality to Buy 60% of Trancemarine to Scale Up Critical Minerals Business

Himadri Speciality Chemical Ltd has announced its decision to acquire a majority stake in Trancemarine and Confreight Logistics, marking a strategic expansion into the critical minerals sector.

Acquisition Overview 

Himadri Speciality Chemical Ltd has approved the acquisition of 60% equity shares in Trancemarine and Confreight Logistics Private Limited for ₹4.23 crore.

The transaction will be completed in cash, and the company will execute a Share Purchase Agreement (SPA) and Shareholder Agreement (SHA) with the existing shareholders. Post-acquisition, it will become a subsidiary of Himadri.

Additionally, Sturdy Niketan Private Limited will become a step-down subsidiary of Himadri. This acquisition is part of Himadri’s strategy to strengthen its presence in the critical and industrial minerals sector.

Details of the Companies

• Trancemarine and Confreight Logistics: Incorporated in 2011, it has an authorised capital of ₹3 crore and a paid-up capital of ₹1.96 crore. Its turnover for FY 2023-24 was ₹35.69 crore, primarily from freight and logistics (now discontinued).
• Sturdy Niketan Private Limited: Incorporated in 2023, it has an authorised capital of ₹15 lakh and a paid-up capital of ₹5,000. It reported no turnover in the last fiscal year.

Strategic Objectives and Benefits

The acquisition aligns with Himadri’s goal to expand into the strategic resource extraction sector, focusing on innovation, sustainability and operational efficiency. Trancemarine and Confreight Logistics’ expertise in critical minerals will complement Himadri’s existing business. Additionally, Himadri will provide a secured loan of up to ₹150 crore at 9.5% interest to fund royalty payments for mineral extraction.

Share Performance

As of April 04, 2025, at 12:15 PM, Himadri Speciality Chemical Ltd Share Price is trading at ₹436.80 per share, reflecting a loss of 4.27% from the previous day’s closing price. Over the past month, the stock has registered a profit of 6.41%. The stock’s 52-week high stands at ₹688.70 per share, while its low is ₹302.00 per share.

Conclusion

This strategic acquisition positions Himadri for stronger growth in the critical minerals sector, while the step-down subsidiary structure creates an integrated operational framework for future expansion.

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