Investors Update on Post-Right Issue outlook - Himalaya Food International limited
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Himalaya Food International has shared its post-Rights Issue growth plan with investors. Promoters oversubscribed their portion by 1,119%, showing strong confidence in the company. Management is targeting 15% compounded growth every quarter this year, driven by U.S. exports, French fries expansion, and higher domestic sales. A 54,000 TPA French fry facility is set to commence with the new potato crop. The company plans to fully clear its ₹98.5 Cr One-Time Settlement (OTS) debt with SBI-led bank consortium by December 2025, using ₹21.50 Cr from Rights Issue proceeds and proceeds from selling non-core land in Rajasthan and Himachal Pradesh.
This is a positive turnaround narrative with clear growth targets and a concrete debt-elimination roadmap. Strong promoter backing and debt reduction could improve credit standing and investor confidence, though execution of the French fries project and U.S. export ramp-up remain key things to watch.