Himalaya Food International Ltd — Updates, 03-07-2025: Company Update

Himalaya Food Company has announced a board meeting on significant post-rights issue developments. The Rights Issue achieved an 85% subscription, with promoters showing strong commitment by subscribing 111% of their entitlement. The company projects 15% quarterly sales growth and 20% net profit growth, driven by U.S. export expansion, product line ramp-up, economies of scale, and operational efficiency. It is on track to repay a ¥98.5 Cr legacy debt by year-end, improving its financial health. Additionally, monetisation of non-core industrial lands is expected to yield ₹375-80 Cr in FY 2025-26, funding production scaling, portfolio diversification, and working capital needs.