Heranba Industries Limited has received a confirmation from its promoter regarding the status of share encumbrances for the financial year 2025-2026. Raghuram K Shetty, a promoter of the company, submitted the disclosure to the stock exchanges on April 06, 2026.

The confirmation was provided in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure explicitly states that none of the promoters, promoter group members, or persons acting in concert have created any encumbrance on the shares of Heranba Industries Limited, directly or indirectly, during the specified financial year.

Promoter and Promoter Group Details

The disclosure included a list of individuals and entities classified as part of the promoter and promoter group as of March 31, 2026. The list was provided as Annexure-I to the letter addressed to BSE Limited and the National Stock Exchange of India Limited.

The following table details the members of the promoter and promoter group:

The letter was digitally signed by Raghuram K Shetty, the authorised signatory, with the DIN 00038703. The communication was copied to the Board of Directors and the Audit Committee of Heranba Industries Limited for their records.

Heranba Industries Limited has informed the stock exchanges that the Hon'ble National Company Law Tribunal, Mumbai Bench-VI has dismissed an insolvency application filed against its wholly owned subsidiary, Heranba Organics Private Limited. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is an update to an earlier intimation letter dated February 27, 2026.

NCLT Order and Grounds for Dismissal

The NCLT passed its final order vide Order No. CP (IB)/190(MB)2026 on May 12, 2026, rejecting and dismissing the application filed by Haresh Petrochem Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Heranba Organics Private Limited. The tribunal held that upon exclusion of the interest component claimed by the applicant, the principal operational debt amount fell below the threshold limit prescribed under Section 4 of the Insolvency and Bankruptcy Code, 2016, rendering the application not maintainable.

As a direct outcome of the dismissal, no Corporate Insolvency Resolution Process has been initiated against Heranba Organics Private Limited pursuant to the said application.

Key Details of the Order

The following details have been disclosed by the company in accordance with Schedule III of SEBI LODR:

Impact on Heranba Industries Limited

Heranba Industries Limited has confirmed that there is no material adverse impact on the company pursuant to the NCLT order. Heranba Organics Private Limited may take such necessary steps as may be advised in accordance with applicable law. The company has stated it will provide timely updates on further developments, if any, in the matter.

The disclosure was signed by Abdul Latif, Company Secretary & Compliance Officer of Heranba Industries Limited, on May 13, 2026.