Merger22 Apr 2026, 02:56 pm
Hindustan Foods: Scheme of Arrangement Approved
AI Summary
Hindustan Foods Ltd. announced that its Board of Directors approved the Scheme of Arrangement between Avalon Cosmetics Private Limited, Vanity Case India Private Limited, and Hindustan Foods Limited on April 22, 2026. The scheme, sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench on February 25, 2026, involves a demerger and amalgamation. The record date for determining eligible shareholders for equity share issuance is set for May 8, 2026.
Key Highlights
- Scheme of Arrangement between ACPL, VCIPL, and HFL approved.
- Record date fixed as May 8, 2026, for equity share allocation.
- Demerger: 19 HFL shares for 100 ACPL shares.
- Amalgamation: 4,64,58,145 HFL shares for VCIPL shareholders.