Heranba Industries Invests ₹24.95 Cr in Subsidiary Mikusu India

Heranba Industries Ltd has announced a further investment of up to ₹25 Crores in its wholly-owned subsidiary, Mikusu India Private Limited, through a Rights Issue. The company has allotted 2,49,50,000 partly paid-up equity shares of face value ₹10 each to Heranba Industries Limited for a total consideration of ₹24,95,00,000. Of this, ₹12,47,50,000 has been paid, with the balance payable as called. This investment aims to support Mikusu's business operations and growth plans in the Agro Chemical products trading sector. Mikusu India reported a turnover of ₹182.68 Crores as of March 31, 2026. The transaction is considered a related party transaction but is exempted under SEBI regulations as it involves a wholly-owned subsidiary and is conducted at arm's length.