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Himalaya Food International Limited announced the resignation of M/s. Garg Bros & Associates, Chartered Accountant, as its Statutory Auditor. The resignation was accepted by the Board of Directors in a meeting held on April 07, 2026. This is a routine regulatory intimation of a change in the company's auditing firm.
Himalaya Food International Ltd will hold an EGM on May 02, 2026, to approve increasing its authorised share capital to ₹150 Crore. The agenda includes appointing a statutory auditor and enabling resolutions for fund raising and loan conversion up to ₹25 Crore.
Himalaya Food International is filing a Notice of Arbitration against Simplot at SIAC, seeking ₹72 Crore in damages for non-return of machinery. The dispute relates to production losses for FY21 and FY22. The company aims for a resolution within the current financial year, potentially through a global settlement.
Himalaya Food International approved a ₹43 Crore One Time Settlement with consortium banks, ratifying a ₹21.50 Crore payment. The Board also enabled fund-raising up to ₹25 Crore via debt-to-equity conversion and proposed an increase in authorized capital. These steps significantly restructure the company's balance sheet and debt obligations.
Himalaya Food International Ltd has scheduled a Board Meeting on April 7, 2026. Key agenda items include increasing authorized capital to ₹150 Crore, concluding a ₹43 Crore debt settlement (OTS), and approving a ₹25 Crore loan-to-equity conversion. The board will also discuss a potential rights or preferential issue to raise further funds.
Himalaya Food International Ltd. secured an OTS extension from an SBI-led consortium for a ₹43 crore final settlement. The company has already paid ₹21.50 crore (50%) and the extension provides a runway until September 2026. This breakthrough de-risks the balance sheet, clearing the path for capital infusion and export-driven expansion.