Himalaya Food International Ltd. Successfully Concludes Rights Issue, Outlines Growth Plans

Himalaya Food International Ltd. has successfully concluded its Rights Issue, achieving an overall subscription of approximately 85%. Promoters subscribed 111% of their entitlement, reflecting deep promoter commitment to the Company’s long-term vision. The Company is now well-positioned to accelerate its growth journey with forward-looking projections and strategic milestones, including 15% compounded quarterly sales growth and 20% compounded quarterly net profit growth. The Company is also on track to fully repay the 98.5 Cr One-Time Settlement (OTS) amount to its banking consortium by December 2025, eliminating all legacy debt. Himalaya Food is also monetising its non-core assets, expecting a realization of 75-80 Cr during FY 2025-26, which will be strategically deployed towards rebuilding the French fries and frozen appetiser lines at the Gujarat plant, expanding potato contract farming operations, and supplementing working capital. The Company is firmly focused on scaling production volumes, diversifying product portfolios, enhancing profitability, and strengthening its presence in both domestic and global markets.