Proposed overseas unit to strengthen global footprint; initial investment capped at Rs 2 crore

Heranba Industries Limited has announced that the Board of Directors of its wholly owned subsidiary, Mikusu India Private Limited, has approved the establishment of a 100 per cent wholly owned subsidiary in the United Arab Emirates (UAE).

The resolution was passed at Mikusu India’s Board meeting held on January 14, 2026. The company will initiate the application process for incorporation in due course, Heranba Industries said in a regulatory disclosure.

The proposed UAE subsidiary will operate in the chemical products segment, including pesticides, insecticides, herbicides, fungicides, and weedicides, supporting Heranba’s strategy to expand its international presence in crop protection and allied chemical markets.

The company plans to make an initial investment of up to Rs 2 crore in the proposed wholly owned subsidiary. While there is no direct acquisition involved, the new entity, once incorporated, will be classified as a related party under applicable regulations.

Heranba Industries said further updates will be provided upon the incorporation of the UAE-based subsidiary.

The move underscores Heranba’s intent to strengthen its global distribution and market access, particularly in high-growth international regions, while leveraging its existing capabilities in agrochemical manufacturing and formulation.