Hindustan Foods Limited — Important, 28-12-2024: Committee Meeting Updates

Hindustan Foods Limited's Share Allotment Committee has convened to allot 29,29,060 equity shares following the conversion of warrants by two institutional investors, Infinity Holdings and Infinity Capital, for a total payment of ₹119.99 Crore. This increases the company's paid-up equity capital to ₹23.50 Crore. The shares, issued at a face value of ₹2 each and a premium of ₹544.25, enhance liquidity and reflect investor confidence. The remaining 25,11,358 warrants can be converted within 18 months. Overall, this development signals a positive outlook for Hindustan Foods, indicating strong institutional interest in its growth trajectory.