Key Decision

The Board of Directors of Heranba Industries Limited, at their meeting held on Saturday, August 22, 2026, approved further investment in the share capital of Mikusu India Private Limited, a wholly owned subsidiary of the Company.

Investment Details

  • Investment Amount: Up to ₹25 Crores (INR equivalent)
  • Investment Method: By way of Right Issue of Mikusu India Private Limited
  • Consideration Type: Cash consideration
  • Maximum Approval: Amount not exceeding ₹25 Crores

Subsidiary Information

Mikusu India Private Limited

  • Status: Wholly owned subsidiary of Heranba Industries Limited
  • Date of Incorporation: April 09, 2022
  • Business: Trading of Agro Chemical products
  • Country of Operation: India
  • Paid up Capital: ₹5,00,000

Financial Performance (Turnover)

  • FY 2023-24: ₹92.91 Crores
  • FY 2024-25: ₹152.40 Crores
  • FY 2025-26: ₹182.68 Crores (as on March 31, 2026)

Regulatory Aspects

  • Classification: The proposed transaction falls under related party transaction
  • Exemption: However, since the transaction is with a wholly owned subsidiary, it is exempted as per Regulation 23 of the SEBI Listing Regulations
  • Arm's Length Basis: The transaction is undertaken in the ordinary course of business and at arm's length basis
  • Promoter Interest: Promoter and promoter group have disclosed their interest in the proposed transaction

Impact Assessment

  • Shareholding Impact: No change in shareholding structure - Company will continue to hold 100% of the share capital of Mikusu India Private Limited
  • Control Impact: No impact on the control of the Company in Mikusu India Private Limited
  • Business Purpose: To support the business operations and growth plans of Mikusu India Private Limited

Approval Requirements

  • Governmental/Regulatory Approvals: Not Applicable

Timeline

  • Completion Timeline: Will be shared from time to time (not specified in current disclosure)

Compliance Details

  • Regulation Reference: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Master Circular: SEBI Master Circular SEBYHO/CFD/PoD2/CIR/P/0155 dated January 30, 2026
  • Filing Date: August 22, 2026

Additional Information

The disclosure will be uploaded on the company website as per regulatory requirements.