Heranba Industries Limited is in the process of incorporating a wholly owned subsidiary under the name which will be available with the Ministry of Corporate Affairs, Registrar of Companies for which the application will be made in due course of time.

The wholly owned subsidiary once incorporated in India shall carry out business in the field of agrochemicals. The authorized share capital of the new company is Rs. 15,00,000 and paid-up share capital is Rs. 10,00,000.

The company will subscribe to one lakh equity shares at the face value of Rs. 10 each aggregating to Rs. 10,00,000.