Himalaya Food International Ltd — Important, 07-04-2026: Company Update

Himalaya Food International is escalating its dispute with Simplot by filing for arbitration to claim damages. The company seeks ₹72 Crore due to Simplot's failure to return essential machinery as per a prior award, which led to production and profit losses. It also aims to get the unreturned custom equipment valued for a Delhi High Court set-off. The estimated cost for these proceedings is SGD 250,000, with funding options being explored. The board is committed to resolving this dispute, including through a potential settlement.