Himadri Speciality Chemical Limited — Scheme of Arrangement between Dalmia Bharat Refractories Limited ( Demerged Company ) and Himadri Speciality Chemical Ltd ( Resulting Company ) and their respective shareholders and creditors under Section 230-232 and other applicable provisions of the Companies Act, 2013

• Himadri Speciality Chemical Limited has informed the Exchange about Scheme of Arrangement between Dalmia Bharat Refractories Limited ( Demerged Company ) and Himadri Speciality Chemical Ltd ( Resulting Company ) and their respective shareholders and creditors under Section 230-232 and other applicable provisions of the Companies Act, 2013
• Filed with NSE on 2026-09-21 under the category "Demerger". Classified from that category alone — no model and no PDF, because NSE has no category for losing an order or reducing capacity.

Open the original filing ↗

The company splits itself into two or more separate companies. If you hold shares, you usually end up holding shares in both pieces instead of one combined business.

ExampleA group with a cement arm and a hotels arm may split them so each can be valued and run on its own.

Neither good nor bad on its own. Splitting can reveal value that was hidden inside a conglomerate, or it can just move the same business into a different envelope.

About this kind of filing — not a reading of this one.