Newspaper Publication of Pre Issue advertisement regarding Right Issue of Himalaya Food International Limited.
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Himalaya Food International has published a pre-issue advertisement in Financial Express (English), Jansatta (Hindi), and Pratahkal (Hindi, Mumbai) on May 29, 2025, ahead of its upcoming Rights Issue. The Rights Issue was approved by the Board on May 15, 2025, and offers up to 2,89,36,442 equity shares at ₹13.80 each (including ₹3.80 premium) for an aggregate amount of up to ₹39.93 crore. Eligible shareholders will receive 1 Rights Share for every 2 shares held on the record date of May 23, 2025. The issue opens on June 3, 2025, and closes on June 18, 2025, with the last date for on-market renunciation set as June 13, 2025. HDFC Bank is the banker to the issue and Beetal Financial is the registrar.
Eligible shareholders as of the record date (May 23, 2025) can subscribe to the Rights Issue at ₹13.80 per share to avoid dilution of their holdings. The ratio of 1:2 means shareholders need to invest about ₹6.90 for every 2 shares held to maintain their proportional ownership.