Allotment of 4,81,39,085 Equity Shares pursuant to Scheme of Arrangement, please refer to the attached PDF file.
HNDFDS · price
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Hindustan Foods Limited has allotted approximately 4.81 crore equity shares of Rs 2 each as part of a court-approved demerger scheme. The shares are being issued to shareholders of Avalon Cosmetics Private Limited and Vanity Case India Private Limited. A total of 4,64,58,145 shares held by Vanity Case India in Hindustan Foods stand cancelled due to cross-holding. Post-allotment, the company's paid-up share capital increased from Rs 23.90 crore to Rs 24.23 crore, with share count rising from 11.95 crore to 12.12 crore shares. The NCLT Mumbai had sanctioned this scheme on February 25, 2026, and May 8, 2026 was fixed as the record date.
Existing shareholders face minor dilution as the company increases its equity base by issuing new shares. The demerger brings new business operations into Hindustan Foods, potentially expanding its product portfolio or capabilities.