Heranba Industries Limited — JV/Acquisition, 07-05-2026: Acquisition

Heranba Industries has acquired Optionally Fully Convertible Debentures (OFCDs) worth ₹450 Crore in its wholly-owned subsidiary, Heranba Organics Private Limited (HOPL). This move is a strategic internal debt restructuring, converting existing Inter-Corporate Deposits into OFCDs. Crucially, there's no new cash outflow for Heranba Industries, and its 100% control over HOPL remains unchanged. HOPL operates in the agro-chemicals sector, reporting a turnover of ₹220.58 Cr in FY25. This transaction streamlines the financial structure within the group, supporting HOPL's ongoing business in agro-chemicals.