Heranba Industries Limited has accepted the resignation of Dr. Sunil Kumar from the position of Vice President - R&D, effective July 31, 2026. The company disclosed this change in senior management personnel to the stock exchanges, noting that Dr. Kumar will cease to be associated with the firm from the close of business hours on the specified date. The resignation was submitted to explore opportunities outside the Heranba Group.

Regulatory Disclosure

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the necessary details as prescribed under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was submitted by Abdul Latif, the Company Secretary & Compliance Officer.

Details of Change

The following table outlines the key details regarding the change in senior management personnel:

Dr. Sunil Kumar expressed gratitude for the opportunities provided during his tenure and wished the company continued growth and success. Heranba Industries accepted the resignation on July 20, 2026.

Heranba Industries has secured a legal victory after the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad, permitted the withdrawal of an insolvency application filed against it. The application, filed by Haresh Petrochem Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, was withdrawn as the matter was settled between the parties. Consequently, no Corporate Insolvency Resolution Process (CIRP) has been initiated against Heranba Industries pursuant to this application.

Order Details

The final order was passed on June 08, 2026, in case C.P.(IB)/90(AHM)2026. The tribunal granted permission for the withdrawal after noting the settlement arrived at between the parties. The application has been disposed off as withdrawn, effectively concluding the legal proceedings initiated by the operational creditor.

Impact and Outcome

The company confirmed that there is no material adverse impact on its operations following this order. The withdrawal removes the immediate threat of insolvency proceedings that could have arisen from the application. Heranba Industries stated that it may take necessary steps as advised in accordance with applicable law regarding the matter.