Chairman outlines debt elimination and 3-year revival plan
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Chairman of Himalaya Food International shared FY25-26 letter outlining two decisive tracks: eliminate all outstanding debt within 6 months via non-core asset monetization, and pursue aggressive legal action against JV partner Simplot for damages. Growth roadmap targets 66,000 Metric Tons Per Annum capacity by March next year through potato processing and frozen appetizers expansion. Plans global market expansion into North America, Europe, Australia, and the Middle East. Aims to fully revive the company within 3 years after 13 years of legal, financial, and operational setbacks.
Debt-free target and 3-year revival plan could lift sentiment, but execution and legal outcome risks remain material for shareholders.