Intimation of Record date i.e. May 23, 2025
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Himalaya Food International Ltd has fixed May 23, 2025 as the Record Date for its proposed Rights Issue of up to Rs. 40 Crores. The company will issue 2,89,36,442 equity shares at Rs. 13.80 per share (face value Rs. 10 + premium Rs. 3.80), in the ratio of 1 Rights Share for every 2 equity shares held. The Rights Issue will open on June 3, 2025 and close on June 18, 2025, with last date for on-market renunciation on June 13, 2025. Post-issue, the company's outstanding equity shares will increase from 5.78 crore to 8.68 crore, assuming full subscription. Existing shareholders need to hold shares by the Record Date to be eligible for the rights entitlement.
Eligible shareholders will get the right to subscribe to new shares in a 1:2 ratio at Rs. 13.80 per share. The stock may see volatility around the record date and issue period, and shareholders will need to decide whether to subscribe, renounce, or let the rights lapse.