Heranba Industries Limited has announced the allotment of 45,00,00,000 Optionally Fully Convertible Debentures (OFCDs) by its wholly owned subsidiary, Heranba Organics Private Limited (HOPL). This issuance, valued at ₹450 Crores, was executed on May 07, 2026, against the conversion of existing unsecured inter-corporate deposits (ICDs) previously granted by the Company to HOPL. The transaction serves as an internal debt restructuring measure and does not involve any fresh cash outflow from the parent entity.

The acquisition was conducted at “arm’s length,” with the OFCDs issued at a face value of ₹10 each at par. While HOPL is a material unlisted subsidiary, several common directors serve on the boards of both entities, including Mr. Sadashiv K. Shetty and Mr. Raghuram K. Shetty. This strategic move converts short-term debt into a long-term convertible instrument without impacting the 100% shareholding or control Heranba Industries maintains over HOPL.

Heranba Industries is a dominant player in the Indian agrochemicals sector, specializing in synthetic pyrethroids and various crop protection products. In 2025, the company reached significant milestones, including the commencement of commercial production at its Sarigam Unit Phase-II in June and its Saykha Unit Phase-I in April. These expansions are part of a broader strategy to bolster manufacturing capabilities, with the Sarigam units expected to contribute annual revenues between ₹375 Crores and ₹475 Crores. Additionally, the company strengthened its product portfolio in 2025 by receiving multiple CIB registrations and launching new products like “Fentaamine” and “MycoHil” developed in collaboration with a leading American multinational.

For the quarter ended December 31, 2025 (Q3 FY2025), Heranba Industries reported a standalone revenue from operations of ₹306.55 Crores. While consolidated figures showed a loss during this period, the company had previously demonstrated strong growth in the first half of 2025, with H1 FY2025 profit after tax rising by over 250% to ₹54 Crores compared to the previous year. As of 2025, the promoter group maintains a substantial 74.94% stake in the company. Notable institutional presence includes various Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), although their combined holding remains below 1% as the company continues its expansion phase.