HERANBA INDUSTRIES LIMITED: ALLOTS 2,49,50,000 EQUITY SHARES TO WHOLLY OWNED SUBSIDIARY

• The company has allotted 2,49,50,000 partly paid-up equity shares of face value ₹10 each, at par, to its wholly owned subsidiary, Mikusu India Private Limited. • The allotment is part of further investment up to an amount not exceeding INR equivalent to ₹25 Crores. • Mikusu India Private Limited's paid-up capital has increased from ₹5,00,000 to ₹12,52,50,000 post-allotment. • The transaction falls under related party transactions but is exempted as per Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. • The cost of acquisition is ₹24,95,00,000, of which ₹12,47,50,000 has been paid.

Heranba Industries Limited

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