Heranba Industries Ltd

Heranba Industries Restructures ₹450 Crores Debt Through OFCD Conversion 🔄

• Heranba Industries converts ₹450 Crores ICDs into OFCDs for subsidiary HOPL

• HOPL issues 45,00,00,000 OFCDs at ₹10 face value each

• Transaction represents internal debt restructuring with no fresh cash outflow

• HOPL is an agrochemicals company incorporated August 29, 2022

• HOPL reported ₹220.58 Crores turnover in FY 2024-25

• Board-approved transaction maintains Heranba's 100% ownership of HOPL