Hindustan Foods Limited has informed the Exchange about Effective date of the Scheme of Arrangement.
HNDFDS · price
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Hindustan Foods Limited has announced that a Scheme of Arrangement involving Avalon Cosmetics Private Limited (ACPL) and Vanity Case India Private Limited (VCIPL) has become effective from March 31, 2026. The scheme includes: (1) demerger of ACPL's Contract Manufacturing (Nashik) Business into Hindustan Foods with appointed date April 1, 2024, and (2) amalgamation of VCIPL with Hindustan Foods with appointed date October 1, 2024. The company states that a separate intimation regarding the record date for determining eligible shareholders will be communicated later. This involves entities within the Vanity Case Group, with Hindustan Foods as the resulting company.
Shareholders of Hindustan Foods may receive additional shares upon completion of the demerger and amalgamation. The company will expand its contract manufacturing capabilities through this corporate restructuring. However, the exact share exchange ratio for eligible shareholders has not yet been announced.