Himalaya Food International Ltd — Updates, 03-05-2025: Company Update

Himalaya Food International Ltd. has announced a three-phase total turnaround plan focused on financial restructuring, operational revival, and global realignment. Phase I targets clearing Rs 43 Cr OTS balance, reviving operations by commissioning a 54,000 TPA French fry line, and reconstituting management, supported by a rights issue and sale of non-core assets. The company aims to be debt-free by FY 2025-26 and capitalize on favorable shifts in the U.S. market, including resumed partnerships with major U.S. dollar-store chains and new foodservice clients. Organizational strengthening and recovery of Rs 325 Cr in pending incentives are underway, positioning the company for long-term growth.