Himalaya Food International has approved the acquisition of Doon Valley Foods Private Limited's industrial unit, including machinery, land, and cold storage assets. The board also authorized asset sales following a High Court order and capped the financial outgo for the deal at ₹100 lakh.

The meeting of the Board of Directors was held on August 27, 2026, via video conferencing. It commenced at 11:30 am and concluded at 2:25 pm. The approvals were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The board approved the acquisition of the adjoining industrial unit of Doon Valley Foods Private Limited based on a certified valuation report. This move aims to maintain seamless operations after the Hon'ble High Court of Himachal Pradesh directed the company to shift production activities from its Sukheda Paonta Sahib premises.

The financial outgo for Himalaya Food International in respect of this transaction is strictly capped at ₹100,00,000 (Rupees One Hundred Lakhs Only). The remaining balance consideration will be fully adjusted against dues owed by Global Trade USA. A tripartite agreement between Himalaya Food International, Doon Valley Foods, and Global Trade USA will facilitate this set-off.

Asset Sale Authorization

The board authorized Mr. Kailash Sharma to execute all documents related to asset sales for which lender banks have issued No Objection Certificates (NOCs). These NOCs were issued against the settlement balance of ₹21.50 crore. Mr. Sharma is empowered to sign memoranda of understanding, sale agreements, and conveyancing documents as the Chairman and Managing Director, Mr. Man Mohan Malik, was physically absent.

Regulatory Filings

The board also authorized the finalization and filing of the Annual Report, Directors' Report, and financial statements for the financial year with the Registrar of Companies, SEBI, and stock exchanges. Any director or the company secretary is authorized to issue certified true copies of these resolutions to relevant stakeholders.

Himalaya Food International Limited, formerly known as Himalaya International Ltd, is headquartered in New Delhi with manufacturing plants in Vadnagar, Gujarat, and Paonta Sahib, Himachal Pradesh.

Himalaya Food International Limited returned to profitability in its first quarter of FY27, reporting a net profit of ₹104 lakh for the period ended June 30, 2026. This stands in contrast to the net loss of ₹239 lakh recorded in the immediately preceding quarter (Q4FY26), signaling a reversal in earnings momentum.

The company’s total income from operations rose to ₹879 lakh, compared to ₹844 lakh in the previous quarter. On a year-over-year basis, however, operating income declined to ₹879 lakh from ₹1,039 lakh in Q1FY26, where the firm had reported a net profit of ₹259 lakh.

Financial Performance

The unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 14, 2026. The key metrics for the quarter are detailed below:

Earnings per share (EPS) stood at ₹0.12 for both basic and diluted calculations, improving from a loss of ₹0.28 per share in the prior quarter.

What the Numbers Show

The return to profitability was driven by an improvement in pre-tax margins rather than top-line growth. While revenue increased sequentially by approximately 4%, it remained significantly lower than the same period last year. The absence of exceptional items in the current quarter suggests the profit figure reflects core operational performance, contrasting with the significant losses incurred in the final quarter of FY26.

Corporate Details

The company’s paid-up equity share capital remains unchanged at ₹8,479 lakh. The full format of the unaudited financial results is available on the BSE website and the company’s official portal.