Himalaya Food International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/04/2026 ,inter alia, to consider and approve Calling of EGM ....
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Himalaya Food International Ltd has scheduled a Board Meeting on 7th April 2026 to consider several key matters. The company plans to increase its Authorised Share Capital from ₹90 Crores to ₹150 Crores, subject to shareholder approval. Additionally, M/s Kumar Rupak & Associates will be appointed as the new Statutory Auditor. The meeting will also note the final sanctions received from consortium banks for a One Time Settlement (OTS) of ₹43 Crores, with ₹21.50 Crores already released to banks on 30th March 2026. The Board will also consider enabling provisions for raising funds, including potential conversion of loans up to ₹25 Crores into equity shares and issuance of shares via rights or preferential issues. An EGM will be convened to seek shareholder approvals.
The increase in authorised capital and enabling provisions for equity conversion suggest the company is preparing for potential dilution or restructuring. The completed OTS with banks is a positive development as it resolves debt obligations. Shareholders should watch for EGM notice and specific terms of any capital raise.