Himalaya Food International Ltd has successfully cleared 78% of its One-Time Settlement (OTS) liability with consortium banks, marking the end of a 13-year period of financial stress and Non-Performing Asset (NPA) classification. The company announced that the resolution of legacy debt has unshackled it from NPA restrictions and restored its institutional creditworthiness. This financial turnaround is accompanied by a strategic pivot towards high-margin value-added products and an aggressive expansion into international markets, including the United Kingdom and Japan.

Debt Resolution and Legal Actions

The company’s management finalized a comprehensive OTS framework with its lenders, demonstrating financial transparency by paying the majority of the settlement amount. Himalaya Food is now on track to clear the remaining balance to achieve a clean balance sheet. Concurrently, the company has shed its defensive posture regarding legacy disputes and is aggressively pursuing claims against its erstwhile Joint Venture partner, J.R. Simplot. The firm has formally raised the matter of the illegal non-return of specialized processing machinery before judicial forums, seeking comprehensive financial damages for the replacement cost and six years of lost productivity.

Global Footprint Expansion

Operational engines continued to hum amidst legal and financial battles. On May 8, 2026, the company shipped its first-ever consignment of three containers of Frozen French Toast Sticks to the United Kingdom. This milestone builds upon the company's success in Australia and its established market dominance in the United States. With in-roads secured into the UK, European, and Australian geographies, the company is actively progressing toward market entry into Japan.

Strategic Roadmap

Looking ahead, Himalaya Food has outlined a targeted strategy for the next three years focused on full asset optimization and value-added product growth. The company aims to achieve maximum capacity utilization across its French Fry and Frozen Specialty Processing lines. The management emphasized that its ultimate objective is to translate operational efficiency into robust bottom-line growth and shareholder returns, leveraging its expertise in industrial mushroom cultivation and specialized potato manufacturing.

Himalaya Food International Limited has filed a regulatory disclosure with BSE Limited confirming that its promoters and promoter group have not created any encumbrance on their shareholding during the financial year ended March 31, 2026. The disclosure was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was submitted on May 11, 2026.

Promoter Shareholding and Encumbrance Declaration

Mr. Man Mohan Malik, acting on behalf of all Promoters, Promoter Group, and Persons Acting in Concert of Himalaya Food International Limited, submitted the yearly declaration to the company's Audit Committee as well as to the stock exchanges. The declaration explicitly states that no encumbrance—direct or indirect—has been created on the promoter's shareholding, beyond those already disclosed to the stock exchange and the company.

The key details of the promoter shareholding and declaration are summarised below:

Submission and Compliance Details

The disclosure was forwarded to BSE Limited by Megha Saini, Company Secretary of Himalaya Food International Limited, on behalf of the company for reference and record purposes. Mr. Man Mohan Malik also submitted the declaration directly to BSE and NSE from his respective mail ID, in compliance with the applicable regulatory requirements.

The filing confirms that the promoter group's collective holding of 4,14,99,063 equity shares, amounting to 48.94% of the company's total equity, remained unencumbered during the financial year ended March 31, 2026, except for any encumbrances previously disclosed to the stock exchanges and the company.