Outcome of the Meeting of the Board of Directors of Himalaya Food International Limited Pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 - Allotment of Equity Shares
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Himalaya Food International Ltd has completed the allotment of 26,920,537 Rights Equity Shares under its Rights Issue. The shares have a face value of ₹10 each and were issued at a price of ₹13.80 per share, which includes a premium of ₹3.80 per share. The total amount raised through this allotment is approximately ₹37.15 crore (₹37,15,03,410.60). The allotment was approved by the Board on July 19, 2025, following the Letter of Offer dated May 15, 2025, with the basis of allotment finalized in consultation with BSE as the Designated Stock Exchange.
This rights issue brings in fresh capital of around ₹37.15 crore for the company, but will dilute existing shareholders' holdings since new shares have been issued. Shareholders who did not subscribe to their rights would see their proportional ownership reduced. The successful completion of the allotment signals the company's ability to raise funds from its existing shareholder base.