Himalaya Food International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/05/2025 ,inter alia, to consider and approve To consider, discuss ....
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Himalaya Food International has informed BSE that its Board of Directors will meet on May 15, 2025 to finalise terms of a proposed Rights Issue approved earlier in September 2023. The Rights Issue size is up to ₹40 crore (as referenced in the earlier board approval) and the company has already received in-principle approval from BSE on March 11, 2025. At the upcoming meeting, the Board will decide key terms including the issue price, payment mechanism, entitlement ratio, record date, and the rights issue window. No pricing, discount, or ratio details have been disclosed yet — these will be finalised at the meeting.
For existing shareholders, this means the company is moving closer to raising fresh capital through a rights issue, which could lead to dilution but also gives eligible shareholders the right to buy additional shares at a potentially discounted price. The stock may see activity around the record date once announced.