Hindustan Foods Limited has informed the Exchange regarding summary of Proceedings of the 40th Annual General Meeting of the Members of the Company held on September 23, 2025.
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Hindustan Foods Limited held its 40th AGM on September 23, 2025 via video conference, attended by 55 shareholders (9 from the promoter group and 46 from the public), with 8 corporate representations covering 44.95% of share capital. The meeting was chaired by Mr. Shashi Kalathil, with all directors present except Independent Director Ms. Honey Vazirani. The statutory and secretarial auditors reported no qualifications or adverse remarks on the FY25 financial statements. Seven resolutions were put to vote, including adoption of standalone and consolidated financial statements, re-appointment of Mr. Nikhil Vora as a director, ratification of cost auditor remuneration, and appointment of secretarial auditors. Three special business items included raising the borrowing limit to Rs. 1,000 crore, authorising the board to create charges on company assets, and varying the use of proceeds from a prior preferential allotment of 72,71,081 convertible warrants.
The increase in the borrowing ceiling to Rs. 1,000 crore and the proposed change in use of warrant conversion proceeds signal potential expansion or balance sheet restructuring, which could be material for shareholders. Voting results are to be declared within two working days and will confirm shareholder approval of these key items.