Submission of copy of letter of offer, Abridged Letter of offer and Application Form regarding Right issue of equity share
Price
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Himalaya Food International Ltd has launched a rights issue of up to 2,89,36,442 equity shares at a price of ₹13.80 per share (face value ₹10, premium ₹3.80), for an aggregate amount of up to ₹39.93 crore. Eligible shareholders as on the record date of May 23, 2025 can subscribe in the ratio of 1 share for every 2 shares held. The issue opens on June 3, 2025 and closes on June 18, 2025, with on-market renunciation allowed until June 13, 2025. The Letter of Offer, Abridged Letter of Offer and Application Form have been submitted to BSE in connection with this issue. Promoters of the company are Mr. Man Mohan Malik and Mr. Sanjiv Kumar Kakkar.
Eligible shareholders can buy additional shares at ₹13.80 each in proportion to their current holdings, or renounce/sell their rights entitlement by June 13, 2025. The issue will dilute existing shareholdings by roughly 33% if fully subscribed, and brings in fresh capital of up to ~₹40 crore into the company.