Hindustan Foods Ltd. Receives NCLT Approval for Scheme of Arrangement with Avalon Cosmetics and Vanity Case India

Hindustan Foods Ltd. (HFL) has received approval from the National Company Law Tribunal (NCLT) for a Scheme of Arrangement between HFL, Avalon Cosmetics Private Limited (ACPL), and Vanity Case India Private Limited (VCIPL). The Scheme involves the demerger of ACPL's Contract Manufacturing (Nashik) Business into HFL and the amalgamation of VCIPL with HFL. The NCLT sanctioned the Scheme on February 25, 2026. The Scheme is expected to provide several benefits, including concentrated management focus, better utilization of industrial land, operational rationalization, and expansion and diversification of business. The equity shares of the Resulting Company/Transferee Company are listed on the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE).