Outcomes of the Board Meeting Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Himalaya Food International's Board meeting on April 7, 2026 approved several key items. The company increased its Authorised Share Capital and appointed M/S Kumar Rupak & Associates as the new Statutory Auditor. The Board also approved a One Time Settlement (OTS) of ₹43 Crores with consortium banks, with ₹21.50 Crores already released on March 30, 2026. Additionally, the company approved enabling provisions to raise funds up to ₹25 Crores through potential conversion of loans to equity or issuance of shares via rights/preferential issues. An EGM has been convened, and the company has issued a Notice of Dispute to Simplot regarding non-return of machinery under a SIAC award.
The OTS resolution removes a key overhang of debt uncertainty and strengthens the balance sheet. However, potential equity dilution through loan conversions and fresh share issuances to promoters or strategic investors could impact existing shareholder value. The Simplot dispute remains a legal contingency.