Himalaya Food International Ltd — Board Meeting, 15-05-2025: Board Meeting

Himalaya Food International Ltd. has announced a board meeting approving a rights issue to raise up to Rs. 40 Cr by issuing 2.89 Cr equity shares at Rs. 13.80 each. The issue offers 1 new share for every 2 held and aims to strengthen the company’s capital base. Key U.S. operations are rebounding with the revival of the Dollar Tree account after a three-year gap, alongside a new five-year MOU to supply frozen breakfast products to a U.S. cooperative. Bulk export orders for French Fries have started, supported by a new production line expected by October 2025. The company also received a favorable ITAT judgment, dismissing Rs. 119.27 Cr of proposed taxable income, improving its tax position.