Himalaya Food International Raises Authorised Capital to Rs. 125 Crores at EGM

Himalaya Food International Limited conducted its 1st Extra-Ordinary General Meeting (EGM) for the financial year 2026-27 on May 2, 2026, through video conferencing. The meeting, which ran from 3:00 p.m. to 3:30 p.m. IST, addressed critical corporate governance matters including a significant increase in the company's authorised share capital and the appointment of new statutory auditors. Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the outcome of the EGM to BSE Limited on May 4, 2026.

Authorised Share Capital Increase

In a key resolution passed through postal ballot at the EGM, shareholders approved an increase in the Authorised Share Capital of the company from Rs. 90 crores to Rs. 125 crores. Consequently, Clause V of the Memorandum of Association (MOA) of the company was amended to reflect the revised capital structure. The updated clause now reads that the Authorised Share Capital of the Company is Rs. 1,25,00,00,000/- (Rupees One Hundred Twenty Five Crore Only), divided into 12,50,00,000 (Twelve Crore Fifty Lakh) Equity Shares of Rs. 10/- (Rupees Ten) each.

Parameter: Details Previous Authorised Capital: Rs. 90 crores Revised Authorised Capital: Rs. 125 crores Total Equity Shares: 12,50,00,000 (Twelve Crore Fifty Lakh) Face Value per Share: Rs. 10/- Amendment: Clause V of Memorandum of Association Resolution Type: Ordinary Resolution via Postal Ballot EGM Date: May 2, 2026

Statutory Auditor Appointment

The company formally appointed M/s Kumar Rupak & Associates, Chartered Accountants (Firm Registration No. 039161N) as Statutory Auditors to fill the casual vacancy caused by the resignation of previous auditors M/s Garg Bros & Associates, Chartered Accountants. The Board of Directors had initially approved this appointment in their meeting held on April 07, 2026, subject to shareholder approval, which was subsequently granted at the EGM.

Parameter: Details New Auditor: M/s Kumar Rupak & Associates Firm Registration: 039161N Term: Till conclusion of next AGM Previous Auditor: M/s Garg Bros & Associates Board Approval Date: April 07, 2026

Meeting Proceedings and Leadership

Ms. Megha Saini, Company Secretary, welcomed all members and briefed them on participation guidelines for the virtual meeting. Mr. Man Mohan Malik (DIN: 00696077) was elected as Chairman of the EGM by the directors present. Several directors were unable to attend due to personal reasons and prior commitments.

Director Name: DIN Status Mr. Sanjiv Kumar Kakkar: 02434426 Absent Mr. Bhushan Kumar Garg: 02393899 Absent Mr. Surendra Kumar Kaushik: 05286196 Absent Mrs. Neelam Khanna: 08332836 Absent

Comprehensive Agenda Items

The Chairman presented the complete agenda items set out in the Notice of the EGM:

Approval of Increase in Authorised Share Capital of the Company

Consideration and approval of Appointment of Statutory Auditor

Enabling Resolution for Fund Raising and Loan Conversion

E-Voting and Compliance

Pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the company provided e-voting facilities to shareholders. The remote e-voting facility commenced on Wednesday, April 29, 2026, at 9:00 a.m. IST and concluded on Friday, May 1, 2026, at 5:00 p.m. IST. The Board appointed Mr. Himanshu Bhatia, Practicing Company Secretary (CP No: 22555), as the Scrutinizer for the meeting. The e-voting results along with the Scrutinizer's report will be disseminated to the Stock Exchange and placed on the company and CDSL websites in due course.

Himalaya Food International Limited has announced its unaudited financial results for the third quarter of FY26, ended December 31, 2025. The company demonstrated improved financial performance with enhanced profitability compared to the corresponding quarter of the previous year.

Financial Performance Overview

The company's financial metrics for Q3FY26 showed notable improvement across key parameters:

Metric Q3FY26 (Dec 31, 2025) Q3FY25 (Dec 31, 2024) Change Net Sales from Operations Rs. 982.84 lacs Rs. 950.07 lacs +3.45% Total Income from Operations Rs. 994.98 lacs Rs. 967.86 lacs +2.80% Total Expenses Rs. 917 lacs Rs. 963.20 lacs -4.80% Net Profit Rs. 78 lacs Rs. 5 lacs +1460%

Revenue and Income Analysis

The company's revenue streams showed mixed performance during the quarter. Net sales from operations increased to Rs. 982.84 lacs from Rs. 950.07 lacs in the same quarter last year. Income from export incentives rose significantly to Rs. 12.14 lacs compared to Rs. 4.98 lacs in Q3FY25. However, other income decreased to zero from Rs. 12.81 lacs in the corresponding quarter of the previous year.

Expense Management

Total expenses for the quarter stood at Rs. 917 lacs, down from Rs. 963.20 lacs in Q3FY25. Key expense categories included:

Operating expenses: Rs. 484 lacs (vs Rs. 529 lacs in Q3FY25)

Employee benefit expenses: Rs. 60 lacs (unchanged from Q3FY25)

Depreciation: Rs. 158 lacs (vs Rs. 141 lacs in Q3FY25)

Other expenses: Rs. 215 lacs (vs Rs. 196 lacs in Q3FY25)

Earnings Per Share and Capital Structure

The company's paid-up equity share capital increased substantially to Rs. 8479 lacs from Rs. 5787.29 lacs in the corresponding quarter last year. Basic and diluted earnings per share stood at Rs. 0.09 for Q3FY26, compared to Rs. 0.01 in Q3FY25.

Corporate Governance and Compliance

The board of directors meeting was conducted on February 13, 2026, through video-conferencing mode, commencing at 5:00 PM IST and concluding at 7:15 PM IST. The board approved the unaudited financial results and the updated Policy of Independent Directors. The results will be published in newspapers and uploaded on the company website at www.himalayafoodcompany.com in compliance with SEBI regulations.

Sequential Quarter Comparison

Comparing Q3FY26 with the previous quarter (Q2FY26), the company showed some decline in performance:

Parameter Q3FY26 Q2FY26 (Sep 30, 2025) Total Income Rs. 994.98 lacs Rs. 1106 lacs Net Profit Rs. 78 lacs Rs. 272 lacs Basic EPS Rs. 0.09 Rs. 0.32

The financial results were subject to limited review by Garg Bros & Associates, Chartered Accountants, who provided an unqualified review report dated February 13, 2026.

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