Hindustan Foods Limited has informed the Exchange regarding voting results of the 40th Annual General Meeting of the Members of the Company held on September 23, 2025.
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Hindustan Foods Limited (HNDFDS) held its 40th AGM on September 23, 2025, via video conferencing, and all 7 resolutions were passed by the required majority. Out of 72,106 shareholders on the record date (September 12, 2025), 55 attended the meeting (9 promoters, 46 public). The resolutions included adoption of audited financial statements for FY25 (99.99% in favour), re-appointment of Mr. Nikhil Vora as director (99.95% in favour), ratification of cost auditor remuneration (99.99% in favour), and appointment of secretarial auditors (99.99% in favour). Notably, shareholders also approved two special resolutions: increasing the Board's borrowing power up to Rs. 1,000 Crores under Section 180(1)(c) and authorising creation or modification of charges on company assets to secure borrowings under Section 180(1)(a), both passed with 99.46% support. A special resolution allowing variation in the use of proceeds from the earlier preferential allotment of 72,71,081 convertible warrants to non-promoter QIBs and non-QIBs was also approved with 99.99% support.
All resolutions passed with overwhelming support, signalling strong shareholder confidence in management. The approval to raise borrowing limits up to Rs. 1,000 Crores suggests the company is preparing for higher debt, possibly to fund growth or acquisitions, while the change in use of warrant conversion proceeds could indicate a shift in capital allocation plans worth monitoring.