Board Meeting7 April 2026 at 04:57 am
Himalaya Food International Ltd: Board Meeting Approves Share Capital Increase, Appoints New Auditor, and More
AI Summary
Himalaya Food International Ltd's Board Meeting, held on 7th April 2026, approved several key items. The company increased its authorized share capital, appointed M/S Kumar Rupak & Associates as the new statutory auditor, and received final sanctions for a One Time Settlement (OTS) of ₹43 Crores. The board also ratified the release of ₹21.50 Crores to consortium banks and enabled provisions for raising funds. A formal Notice of Dispute was issued to Simplot regarding the non-return of machinery. An Extra-Ordinary General Meeting (EGM) was convened, and the appointment of a scrutinizer for the voting process was approved.
Key Highlights
- Increase in the Authorised Share Capital of the Company
- Appointment of M/S Kumar Rupak & Associates as Statutory Auditor
- Final sanctions received for concluding the One Time Settlement (OTS) of ₹43 Crores
- Enabling provisions for raising of funds
- Formal Notice of Dispute issued to Simplot regarding the non-return of machinery