New Launch14 Jan 2026, 03:09 pm
Heranba Industries' Wholly Owned Subsidiary to Incorporate a Company in UAE
AI Summary
The Board of Directors of Mikusu India Private Limited, a wholly owned subsidiary of Heranba Industries Ltd, has proposed to incorporate a wholly owned subsidiary company in United Arab Emirates. The new company will carry the business of chemical products such as pesticides, insecticides, herbicides, fungicides, and weedicides.
Key Highlights
- Heranba Industries' subsidiary, Mikusu India Private Limited, to incorporate a wholly owned subsidiary in UAE
- The new company will carry the business of chemical products i.e. Pesticides, Insecticides, Herbicides, Fungicides, Weedicides etc.
- No governmental or regulatory approvals required for the incorporation, except for RBI approval for remittance of ODI post inception
- The initial capital of the WOS will be in the form of cash, with an initial investment of up to INR 2.00 crores
- The new company will be a Wholly Owned Subsidiary of Heranba Industries Ltd