The Voting result along with the consolidated scrutinizer report in thirty-four Annual General Meeting held on Tuesday 30 September 2025
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Himalaya Food International Ltd held its 34th AGM on September 30, 2025, where all 8 resolutions were passed with majority. Key items approved include: adoption of audited financial statements for FY25 (99.81% in favour), re-appointment of Mrs. Sangita Malik as director (99.74%), appointment of M/s Garg Bros & Associates as statutory auditors in place of M/s Sharma Kumar & Associates (99.80%), and sale of the Shubhkera, Paonta Sahib unit and other non-core land assets (99.74%). Shareholders also approved an increase in authorised share capital with amendment to the MOA (99.81%), further issue of equity shares (98.79%), availing loan facilities from the promoter group with an option to convert into equity (84.49%, with promoter abstaining), and an increase in managerial remuneration of MD Man Mohan Malik (99.61%). The promoter group did not vote on resolutions where they were interested, namely the Sangita Malik re-appointment, promoter loan, and MD remuneration items.
For shareholders, the approvals give the company room to raise further equity and monetise non-core land assets, which could strengthen liquidity. The promoter loan with conversion option signals possible promoter equity infusion, while the higher managerial pay and further equity issue could lead to share dilution in the near term.