# Heranba Industries Board Comments on ₹35,400 Exchange Fine for Delayed Q1FY27 Results

> Heranba Industries paid a ₹35,400 fine for missing the Q1FY27 results deadline, blaming data validation during a new ERP rollout.

- Published: 2026-11-07T09:54:13+00:00
- Section: Regulation & Approvals
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-07/heranba-industries-fine-delayed-results
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/heranba-industries-board-comments-35-400-fine-results-delay/55588361)

## Key takeaways

- Heranba Industries paid a ₹35,400 penalty, comprising a ₹30,000 base fine plus ₹5,400 GST, for delaying its Q1FY27 results.
- The board attributed the delay to validation and reconciliation of migrated financial data during a new ERP system implementation.
- The board advised management to ensure timely financial closing and adherence to regulatory timelines going forward.

[Heranba Industries](https://akta.pro/company-profiles/0002jnt/heranba-industries) paid a ₹35,400 fine levied by stock exchanges for submitting its Q1FY27 financial results after the statutory deadline, the company's board said. [ScanX](https://scanx.trade/stock-market-news/companies/heranba-industries-board-comments-35-400-fine-results-delay/55588361) reported the board's comments on November 7, 2026. Heranba Industries is an Indian agrochemical manufacturer founded in 1992 that makes synthetic pyrethroids, intermediates and formulations for farmers, government health departments and international buyers.

## How the ₹35,400 Penalty Was Levied

The penalty covers the quarter ended June 30, 2026 and comprises a base fine of ₹30,000 plus applicable GST of ₹5,400. It was imposed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board attributed the delay to the implementation of a new Enterprise Resource Planning system across the company. The transition required extensive validation and reconciliation of migrated financial data, including opening balances, inventory records, fixed assets, GST reconciliations and inter-company and inter-branch balances.

The board said the company had informed the stock exchanges about the postponement of its board meeting and the reasons before the statutory due date, and submitted the results once verification was complete. It said the delay was not deliberate and was not intended to withhold material information from investors. The board advised management to take measures for timely financial closing and strict adherence to regulatory timelines, and the company said it would strengthen compliance monitoring.

## Heranba's Sales and Manufacturing Scale

According to akta.pro [company records](https://akta.pro/company-data), Heranba's full-year sales were ₹1,594.99 crore, up 13.14%, even as the company swung to a net loss of ₹76.42 crore. Its Q4 FY26 sales declined 4.57% year on year to ₹319.48 crore. The same records list seven world-class manufacturing facilities.

## Heranba's Run-Up to the Results Delay

On August 12, 2026, Heranba postponed its Q1FY26 results, originally scheduled for August 14, 2026, because of data validation issues from its migration to a new ERP system, ScanX reported. On August 24, 2026, Business Standard reported a 17.05% rise in consolidated net profit to ₹7.14 crore for the quarter ended June 2026. On October 26, 2026, ScanX reported that CFO Pravin Shetty resigned effective December 31, 2026, citing personal and family commitments.

## Heranba's Incoming CFO

Heranba's board appointed Rajib Mukhopadhyay as Chief Financial Officer and Key Managerial Personnel, effective January 1, 2027, ScanX reported.

## Companies in this story

- [Heranba Industries company profile](https://akta.pro/company-profiles/0002jnt/heranba-industries) · website: https://www.heranba.co.in

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