Himalaya Food International Ltd. has announced the successful completion of its Rights Issue, aimed at revitalising its operations and settling legacy liabilities. The fundraising move, which offered 1 equity share for every 2 held, received strong support from its shareholders and the promoter group, reaffirming their confidence in the company’s turnaround strategy.

The Rights Issue was priced at ₹13.80 per equity share, offering a total of 2,89,36,442 equity shares. Prior to this, the company's equity capital stood at 5,78,72,884 shares.

🏦 Promoter Group Leads from the Front

As per the official disclosure filed on July 21, 2025, the promoter group held 2,68,25,796 shares as of the record date in April 2025, making them eligible for 1,34,12,898 shares under the Rights Issue.

In a strong show of commitment, the promoters not only subscribed to their full entitlement but also contributed an additional ₹2 Crores, bringing the total promoter infusion to ₹20.51 Crores.

This additional investment, beyond the eligibility threshold, signals the group’s long-term vision and confidence in the company’s recovery roadmap, which is focused on restructuring, operational efficiency, and export revival.

💡 Purpose of Fund Utilization

The company has outlined a clear roadmap for deploying the capital raised through this issue:

• Settlement of residual One-Time Settlement (OTS) dues with lenders

• Upgradation and replacement of critical operational infrastructure

• Infusion of working capital to reignite business scale-up and revenue generation

These steps are part of a broad revival and reconstruction strategy aimed at restoring the company's operational health and ensuring sustainable employment and exports growth.

📢 Board Acknowledges Investor Trust

The Board of Directors, led by Chairman & Managing Director Man Mohan Malik, expressed gratitude to all shareholders who participated in the Rights Issue. The company views this support as a strong endorsement of its values, governance, and future potential.

“We remain committed to transparency, corporate governance, and maximising shareholder value as we navigate the path of business reconstruction,” said Malik in the signed disclosure.

The Rights Issue is being treated as a strategic milestone in the company's financial journey, with promoter support playing a pivotal role in building confidence across all stakeholders.

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