Heranba Industries Ltd. is pleased to announce that the entire term loan of Rs. 35 crores was availed by its group company Insunt Trading Private Limited from the Aditya Birla Finance Ltd. (ABFL) has been repaid.

For the above term loan, Heranba Industries and Shakti Bio Science were co-borrowers and the amount has been repaid to ABFL.

Accordingly, ABFL had released the charges created on all securities of Heranba Industries vis-a-vis its Group Companies and issued no dues certificate.

Commenting on this development, R. K. Shetty, Managing Director, Heranba said, "This is in line with the commitment from the promoter’s to address this issue at the time of IPO of the company."

Heranba is a leading agrochemical company in India and its mission is to improve crop productivity and public health. The company is committed to the wellness of world citizens.

Heranba manufactures Synthetic Pyrethroids and its intermediates in India. It has four manufacturing facilities across India with employee strength of approximately 650 and has a wide network of businesses in India as well as across the globe. Heranba has expertise on all the key chemical reactions on a commercial scale.