Proceedings of Thirty Fourth Annual General Meeting Held today on i.e 30.09.2025
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Himalaya Food International Ltd held its 34th Annual General Meeting on Tuesday, September 30, 2025, via video conferencing from 5:07 PM to 5:42 PM IST, chaired by Managing Director Mr. Man Mohan Malik. Seven agenda items were taken up, including adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of Mrs. Sangita Malik as a director (retiring by rotation), sale of a unit at Shubhkera, Paonta Sahib along with other non-core land assets, increase in authorised share capital with a corresponding amendment to the Memorandum of Association, availing loan facilities from promoters/promoter group with an option to convert into equity, approval for a further issue of equity shares, and an increase in the managerial remuneration of Mr. Manmohan Malik. Remote e-voting was open from September 27 to September 30, 2025, and M/s. Chauhan Pradeep & Associates was appointed as the scrutinizer. The voting results are yet to be disclosed, pending the scrutinizer's report.
The resolutions point to meaningful changes ahead — possible equity dilution from a further share issue and promoter loan conversion, potential cash inflow from sale of non-core assets like the Paonta Sahib unit, and higher pay for the promoter-MD. Retail shareholders should wait for the scrutinizer's voting results to see how these proposals fared, as they directly affect shareholding and capital structure.