Chairman letter to Shareholders

Himalaya Food International's Chairman Man Mohan Malik addressed shareholders as FY25 closed with results marginally lower year-on-year, framing this as the end of a long struggle. Key positive developments include: the 12-year Simplot JV arbitration dispute finally tilting in the company's favour with financial penalties triggered against Simplot; a one-time settlement extension till September from SBI-led consortium banks to pay the remaining ₹39 crore; and a planned rights issue and strategic asset sales to fund a 10 TPH French Fries line targeting 54,000 MT annual capacity. The letter highlights strong US tailwinds — new US tariffs favour India over China, Mexico and Canada, while key American buyers who paused after the 2022 fire have returned with bigger volumes. A new partnership with a leading US cooperative for frozen breakfast items and onboarding of the largest US foodservice distributor (with 5 French Fries containers already shipped) are flagged as major growth drivers for FY26.