Loan4 April 2026 at 07:13 am
Himalaya Food Secures Landmark OTS Extension, Achieves Decisive Debt Resolution Breakthrough
AI Summary
Himalaya Food International Ltd. has announced a significant breakthrough in its financial restructuring journey, with the consortium of lenders led by State Bank of India approving the Company’s proposal for extension of its One Time Settlement (OTS). This development substantially de-risks the Company’s balance sheet and marks the beginning of a high-growth revival phase. The OTS is extended till September 2026, with a final settlement of ₹43 Crore, of which ₹21.50 Crore has already been deposited. The Company has paid ₹77 Crores till date, demonstrating strong execution credibility.
Key Highlights
- OTS EXTENDED till September 2026 – clear runway for closure
- ₹43 Crore Final Settlement – structured and time-aligned
- ₹21.50 Crore Already Deposited (50%) – strong execution credibility
- ₹77 Crores Paid Till Date – among the high recovery ratios in stressed assets
- Balance ₹21.50 Crores Fully Achievable within approved timeline