Announcement under regulation-30 of LODR- OTS Extension
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On the reaction day the stock moved 10.7 pts more than Nifty Microcap 250 and 9.8 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Himalaya Food International has received formal sanction from its lender consortium led by State Bank of India for a One-Time Settlement (OTS) of its outstanding dues. The balance OTS amount of Rs. 43.00 Crores must be paid by 30th September 2025. The company has already deposited 10% upfront, amounting to Rs. 4.30 Crores. The consortium comprises four banks — SBI, Union Bank of India, Bank of Baroda, and EXIM Bank. As part of the settlement, the bank will release three non-core land parcels in Rajasthan and Himachal Pradesh against payments based on the latest valuation reports. The company describes this as a significant milestone in its financial restructuring and revival plan.
This is a positive development for shareholders as it removes a major overhang of unresolved bank debt and gives the company a clear runway for revival. Successfully completing the OTS payment by September 2025 will be the next key milestone to watch, as failure to do so could pose renewed financial stress.