Hindustan Foods Limited — Others, 14-05-2025: Monitoring Agency Report

Hindustan Foods Limited has announced a board meeting to review the financial results for the quarter and half-year. The Monitoring Agency report on the Rs. 399.99 crore preferential issue of convertible warrants confirms proper use of funds, with Rs. 295 crore received and Rs. 221.51 crore spent on acquisitions, capex for greenfield and brownfield projects, and corporate purposes. The remaining Rs. 73.49 crore is in fixed deposits. The current market price is below the warrant exercise price, potentially impacting warrant conversion. Project timelines remain on track.