Heranba Industries Faces Insolvency Petition from Haresh Petrochem

Haresh Petrochem Private Limited filed insolvency application against Heranba Industries at NCLT Ahmedabad over Rs. 2.63 crores outstanding payment. Company cites quality issues as reason for withholding payment.

Heranba Industries Faces IBC Action on Subsidiary

Heranba Industries disclosed that an insolvency petition has been filed against its wholly owned subsidiary HOPL by Haresh Petrochem at NCLT Mumbai over Rs. 93.90 lakhs outstanding payment dispute.

Heranba Industries Reports Mixed Q2 Results with Revenue Growth but Margin Decline

Heranba Industries posted Q2 revenue of 6.06B rupees, up from 4.58B rupees year-over-year, while net profit declined to 320.4M rupees from 339.6M rupees. The company's EBITDA margin compressed to 7.38% from 10.12% year-over-year despite revenue growth, indicating pressure on profitability.

Heranba Industries Internal Auditor Kamal Dharewa Resigns Due to Professional Commitments

Heranba Industries announced the resignation of Internal Auditor Mr. Kamal Dharewa, a Chartered Accountant from K D Practice Consulting Pvt Ltd, effective October 15, 2025. The resignation was attributed to preoccupation with other professional commitments. The company confirmed that no concerns were raised by the Internal Auditor regarding management and there were no material reasons for the resignation. The Audit Committee and Board will consider appointing a new Internal Auditor.