Himadri Speciality Chemical Ltd - Intimation Regarding Permanent Closure Of Vapi Unit At Vapi (Gujarat)

Dear Sir/Madam,<BR> <BR> Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is being informed that the Board of Directors at its meeting held on 9 February 2021 has decided to permanently close the manufacturing unit, taken on lease situated at Vapi in G.I.D.C., Phase I, Vapi, Gujarat with effect from 10 February 2021. The tenure of the said lease expires on 26 February 2021.<BR> <BR> The above unit shall be closed after completion of necessary formalities, and the machinery shall be either relocated to Company's existing facilities or disposed of. <BR> <BR> It is pertinent to mention that the said closure does not have any material effect on operations of the Company. <BR> <BR> This is for your information and record.<BR>