Himadri Speciality Chemical Limited (HSCL) has announced the allotment of commercial papers amounting to ₹200 Crore. The Finance and Management Committee of the Board of Directors approved the issuance and allotment of 4,000 units of commercial paper, each with a face value of ₹5,00,000/-, on December 26, 2025. The commercial paper, with ISIN INE019C14664, has a tenure of 90 days and will mature on March 26, 2026. The interest rate offered is 6.20% per annum, payable upfront. The instrument is unsecured and does not carry any special rights. The commercial papers have been issued in favor of Kotak Mahindra Bank, with ICICI Bank Limited acting as the IPA. The securities are proposed to be listed on the BSE Ltd.