Heranba Industries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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HERANBA · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹206.20

prior close

₹198.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.2%+0.5% vs market

Pesticides & Agrochemicals peers, median of 26sector-2.5%+0.8% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.8 pts more than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 26Pending

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AI summary

Haresh Petrochem Private Limited has filed an insolvency application before NCLT Mumbai against Heranba Organics Private Limited (HOPL), a 100% wholly owned subsidiary of Heranba Industries, under Section 9 of the Insolvency and Bankruptcy Code. The total claim is around Rs. 1.70 Crores, of which HOPL has already made a part payment, leaving an outstanding balance of approximately Rs. 93.90 Lakhs. HOPL withheld the remaining payment because of a quality issue in the goods supplied by the petitioner, and is actively working to resolve the matter. The hearing is scheduled for February 27, 2026, and the company expects the dispute to be settled amicably outside NCLT without adjudication. HOPL has stated that once resolved, there will be no impact on Heranba Industries' consolidated position.

Likely market impact

If the NCLT admits the petition, it could materially impact Heranba Industries' consolidated financials, operations, and future prospects given HOPL is a fully owned subsidiary. However, the company is confident of an out-of-court settlement since the outstanding amount is small and the dispute is over a quality issue rather than a genuine inability to pay.