NCLT allows withdrawal of IBC application against Heranba after settlement

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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

₹181.89

prior close

₹197.26

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+3.1% vs market

Pesticides & Agrochemicals peers, median of 28sector-1.4%+3.1% vs sector

On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.1 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

Stock

-2.6

10m

-2.2

15m

-3.4

30m

-3.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7-1.4+3.1-1.4+3.1

Next day

+0.7-2.5+3.2-1.7+2.4

+4.5+0.4+4.1+0.4+4.0

+4.3+2.2+2.2+0.9+3.5

+5.1+2.7+2.4+0.8+4.3

+3.5+3.9-0.4+0.4+3.1

+4.2+5.2-1.0+1.1+3.2

15d

+1.8+6.5-4.6-1.2+3.0

+0.6+6.9-6.3-1.8+2.4

-2.7+9.1-11.8+0.4-3.1

-5.0+11.6-16.6-6.9+1.9

UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

An IBC Section 9 application filed by Haresh Petrochem Private Limited against Heranba Industries has been disposed of as withdrawn by the NCLT Ahmedabad on June 8, 2026 after both parties arrived at a settlement. No Corporate Insolvency Resolution Process has been initiated against Heranba. The company confirms there is no material adverse impact. This follows Heranba's earlier intimation dated March 20, 2026 about the original filing.

Likely market impact

Positive for shareholders. Insolvency threat removed after out-of-court settlement, no CIRP triggered, no material adverse impact on the company.