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Himalaya Food International Limited has announced a board meeting through resolution by circulation, approving the conversion of promoter unsecured loans totaling ₹1701.23 lakh into equity under the ongoing Rights Issue. These loans, originally extended to support payments under the One-Time Settlement (OTS) with banks, will now be fully equity-converted. The revised utilization of funds includes ₹1798.77 lakh for OTS payments, ₹1701.23 lakh for promoter loan conversion, and ₹493.23 lakh for general corporate purposes, reflecting a strategic shift to strengthen the company’s equity base and financial structure.