Heranba Industries converts ₹450 crore inter-corporate deposits in subsidiary HOPL into optionally fully convertible debentures.
The transaction is an internal debt restructuring with no cash outflow and no change in 100% ownership of HOPL.
HOPL is an agrochemicals subsidiary with ₹220.58 crore turnover in FY25, incorporated in August 2022.
Disclosure made pursuant to SEBI LODR Regulation 30 and circulars dated July 2023 and November 2024.