Heranba Industries Ltd

Heranba Industries Restructures Subsidiary Funding with ₹450 Crores Conversion 📊

• Approved conversion of ₹450 Crores inter-corporate deposits into optionally fully convertible debentures (OFCDs)

• Issued by wholly owned subsidiary Heranba Organics Private Limited (HOPL)

• OFCDs have a 10-year tenure with 1% annual interest rate

• Convertible into equity shares of HOPL as per agreed terms and applicable law

• Purpose is restructuring of existing inter-company funding

• Conducted at arm's length in the ordinary course of business

• Board meeting held on April 27, 2026