Hindustan Foods Limited — Others, 08-08-2025: Monitoring Agency Report

Hindustan Foods has submitted its monitoring agency report on the utilization of preferential issue proceeds. The company revised its total issue size to Rs. 377.50 crore from Rs. 399.99 crore after 5,32,009 convertible warrants were canceled due to non-exercise by an investor, resulting in a Rs. 7.50 crore forfeiture. This reduction of Rs. 22.50 crore in raised capital may impact the viability of planned projects. As of June 30, the company utilized Rs. 229.10 crore and holds Rs. 144.90 crore of unutilized funds, primarily in fixed deposits. A portion of General Corporate Purpose funds was used for vendor payments.