StockWatch
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Other Agricultural Products
Board Meeting27 Aug 2026, 02:47 pm

Himalaya Food International Approves Land Sale & Acquisition

AI Summary

Himalaya Food International Ltd's Board of Directors met on August 27, 2026, approving key strategic decisions. The board sanctioned the acquisition of M/s Doon Valley Foods Private Limited's adjoining unit for up to ₹100,00,000, with the balance consideration to be adjusted against dues from Global Trade USA. This acquisition is in response to a High Court order requiring the company to shift production activities from its Sukheda Paonta sahib land. Additionally, Mr. Kailash Sharma was authorized to execute asset sale agreements for assets where bank NOCs have been obtained upon settlement of ₹21.50 Crores. The board also authorized the filing of the Annual Report and other regulatory compliances.

Key Highlights

  • Board approves acquisition of Doon Valley Foods unit for up to ₹100 Lakhs.
  • Acquisition to facilitate relocation of production activities.
  • Authorizes asset sale execution upon bank settlement of ₹21.50 Crores.
  • Approves filing of Annual Report and other regulatory compliances.