Heranba Industries Limited — Important, 20-03-2026: Disclosure of material issue

Heranba Industries (HIL) is facing an insolvency petition filed by Haresh Petrochem Private Limited under the IBC for an outstanding payment of approximately Rs. 2.63 Cr. HIL states the payment was withheld due to a quality issue with goods/services supplied by the petitioner.

HIL is actively coordinating to resolve this quality matter and is confident the issue will be settled amicably outside NCLT, leading to the payment's release. While such proceedings can potentially impact financials or operations, HIL anticipates no lasting impact once the matter is resolved. The next hearing is scheduled for April 20, 2026.