Investor Update on Progress of One-Time Settlement (OTS) with Bank Consortium
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Himalaya Food International Ltd has deposited ₹17.20 crore with State Bank of India (SBI), the lead bank of its consortium, as part of its One-Time Settlement (OTS) commitment. The total amount paid under the OTS since March 2025 now stands at ₹21.50 crore, taking the cumulative payments towards the OTS to approximately ₹77.30 crore as of August 7, 2025. The company plans to pay the remaining balance of ₹21.50 crore by December 2025. The OTS is part of the company's broader debt resolution and financial revival efforts, led by SBI as the consortium leader.
Steady progress on the OTS is a positive signal for shareholders as it moves the company closer to resolving its legacy debt burden and cleaning up its balance sheet. Successful completion by December 2025 could reduce interest costs and improve financial stability, though the company remains under execution risk until the final payment is made.