Heranba Industries converts ₹450 crore inter-corporate deposits in its wholly-owned subsidiary HOPL into optionally fully convertible debentures.
The transaction is an internal debt restructuring with no cash outflow and does not alter the 100% ownership or control of HOPL.
HOPL, an agrochemicals company, reported a turnover of ₹220.58 crores for FY 2024-25.
The disclosure is made in compliance with SEBI LODR Regulation 30.