Heranba Industries Ltd

Heranba Industries Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as required by SEBI regulations. The report, which is part of the Annual Report, details the company's operations, employee data, and market presence. Heranba Industries is primarily engaged in the manufacturing, selling, and distribution of agrochemicals, with 100% of its turnover derived from this sector. The company operates 4 plants and 33 offices nationally, serving 20 states and exporting to 85 countries, with exports accounting for 28.47% of its total turnover. The report also includes detailed employee statistics, noting a total of 883 employees and 914 workers as of the financial year-end, with no reported differently-abled employees or workers.

Heranba Industries Ltd. has filed its Annual Report for the Financial Year 2025-26 and announced its 34th Annual General Meeting (AGM). The AGM will be held on September 28, 2026, via Video Conferencing. The company reported a 17.4% revenue growth to ₹1,755.55 crore for FY26, driven by strong domestic technicals and export formulations. Net worth strengthened to ₹973.96 crore. The report details the company's expanded manufacturing capacities, product portfolio growth, and strategic priorities for FY27, including increasing asset utilization and cash flow conversion. The cut-off date for voting eligibility is August 28, 2026, with remote e-voting from September 24-27, 2026.

Heranba Industries Limited has announced its 34th Annual General Meeting (AGM) to be held on Monday, September 28, 2026, at 04:00 PM IST. The meeting will be conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with MCA and SEBI circulars. Key agenda items include the adoption of audited financial statements for FY 2025-26, re-appointment of directors Mr. Sadashiv K Shetty and Mr. Raghuram K Shetty, ratification of remuneration for Cost Auditors for FY 2026-27, and the re-appointment of Ms. Reshma D Wadkar as an Independent Director for a second term.

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.

Heranba Industries Ltd announced the designation of Mr. Punit H. Vyas as Senior Management Personnel, effective August 22, 2026. Mr. Vyas, currently the Head of Quality Control, brings over 25 years of experience in Quality Assurance, Quality Control, and Regulatory Compliance across pharmaceutical, specialty chemicals, and agrochemical sectors. His expertise includes managing national and international regulatory requirements and audits from agencies like USFDA and EDQM. The company believes his appointment will strengthen its quality systems and operational excellence.

Heranba Industries Ltd announced its Board of Directors has approved a further investment of up to ₹25 Crores in its wholly-owned subsidiary, Mikusu India Private Limited, through a Rights Issue. This investment aims to support the subsidiary'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. The investment will not alter Heranba's 100% shareholding in Mikusu India.

Heranba Industries Ltd announced the outcome of its Board Meeting held on August 22, 2026. The Board approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with the Auditor's Limited Review Report. Additionally, the company approved an investment of up to ₹25 Crores in its Wholly Owned Subsidiary, Mikusu India Private Limited, through a Rights Issue. The Board also designated Mr. Punit H. Vyas as Senior Management Personnel, effective August 22, 2026.

Consolidated revenue came in at ₹383.20 Cr, down 15.3% YoY from ₹452.43 Cr, though up 19.9% QoQ from Q4 FY26's ₹319.48 Cr — the QoQ jump reflects the Kharif-season pickup typical for agrochemical makers and should be read as seasonality, not re-acceleration. Consolidated PAT was ₹7.03 Cr (owners' share ₹7.14 Cr), up 11.2% YoY from ₹6.32 Cr and a clean swing from Q4 FY26's ₹58.32 Cr consolidated loss. No brokerage previews or consensus estimates for this specific print turned up in a search — the results had already been postponed twice, most recently flagged on Aug 12 as an ERP-transition delay — so vs-street is unknown; management has no formal guidance on record either, so vs-guidance is also unknown. The headline story is margin, not revenue: OPM (EBITDA/revenue) more than doubled YoY to 12.81% from 6.90%, and swung from -7.29% in Q4 FY26, driving PBT up 80.8% YoY to ₹20.10 Cr even as topline fell. That operating strength did not fully reach the bottom line, however — tax expense rose to ₹13.07 Cr from ₹4.80 Cr YoY, an effective rate of ~65% versus the standalone entity's 29.5%, driven by an ₹8.92 Cr deferred tax charge (against a ₹0.20 Cr credit in the standalone book). The gap between the 80.8% PBT jump and the 11.2% PAT growth is the main swing factor this quarter, and NPM improved only to 1.81% from 1.36% YoY as a result. Segment mix shifted too: domestic sales rose to 79.95% of revenue (₹306.38 Cr) from 74.66% a year ago, while exports fell to 20.05% (₹76.82 Cr) from 25.34% YoY — the export decline is the chief driver of the YoY revenue fall. The standalone (parent-only) print is materially weaker than consolidated: standalone revenue fell 25.5% YoY to ₹364.99 Cr and standalone PAT fell 57% YoY to ₹9.46 Cr, a divergence from consolidated's 11.2% PAT growth that traces to subsidiary-level contribution. Alongside the results, the board approved a further ₹25 Cr investment in wholly-owned subsidiary Mikusu India Private Limited via rights issue; no management press release was available to cross-check against the print. Going into Q2 FY27, the two swing factors to track are whether the elevated ~65% consolidated tax rate normalizes and whether export revenue recovers from its 20% share low — both currently offsetting an otherwise sharp operating-margin recovery.

Heranba Industries Ltd has rescheduled its Board of Directors meeting to August 22, 2026. The primary agenda is to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report from the auditors. The company also noted that the trading window for the quarter ended June 30, 2026, which closed on July 01, 2026, will reopen 48 hours after the declaration of the financial results, in compliance with insider trading regulations.

Heranba Industries Ltd has announced the cancellation and postponement of its Board Meeting scheduled for August 14, 2026, which was intended to approve the Unaudited Financial Results for the quarter ended June 30, 2026. The postponement is attributed to the ongoing implementation of a new Enterprise Resource Planning (ERP) system, which has led to complexities in financial data validation and reconciliation. The company cited issues with migrating data, validating opening balances, inventory valuation, fixed assets, GST, and inter-company balances. To ensure the accuracy and reliability of its financial statements, Heranba Industries requires additional time to complete the closing and review processes. A revised date for the Board Meeting will be communicated in due course. The trading window remains closed until 48 hours after the declaration of the financial results.