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:

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:

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

Himalaya Food International Limited has officially notified BSE Limited regarding the resignation of M/s. Garg Bros & Associates, Chartered Accountant, from their role as statutory auditor. The auditing firm submitted their resignation letter on April 02, 2026, citing preoccupation with other professional and audit assignments as the primary reason for their inability to continue.

Resignation Details and Timeline

The auditor firm formally tendered their resignation effective April 02, 2026, through a detailed letter addressed to the Board of Directors. The resignation was subsequently accepted by the company's board during their meeting held on April 07, 2026, which commenced at 09:30 A.M. (IST) and concluded at 09:55 A.M. (IST). The formal communication to BSE Limited was made on April 13, 2026.

Auditor Tenure and Previous Work

M/s. Garg Bros & Associates was appointed as statutory auditor on September 30, 2025, with their term originally scheduled to expire on September 30, 2026. Prior to their resignation, the firm had submitted the Limited Review Report for the quarter ended December 31, 2025, on February 13, 2026.

Reason for Resignation

In their resignation letter, M/s. Garg Bros & Associates clearly stated their inability to devote adequate time to the audit and related matters of the company due to preoccupation with other professional commitments. The firm expressed gratitude to the Board of Directors and management for the cooperation and assistance extended during their tenure as statutory auditors. The auditor confirmed that there were no concerns or issues prior to resignation.

Regulatory Compliance and Clarifications

The resignation has resulted in a casual vacancy in the office of the statutory auditor pursuant to Section 139(8) of the Companies Act, 2013. The intimation was made in compliance with Regulation 30 read with Schedule III - Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted a clarification letter addressing the delay in intimation, stating that the delay was due to receipt of complete communication at a later point and was bona fide and procedural in nature.

Corporate Communication

Company Secretary Megha Saini signed the official communication to BSE Limited's Corporate Relations Department. The digitally signed letter included the complete resignation letter from the auditing firm and detailed information as per SEBI circular dated October 18, 2019, ensuring transparency and regulatory compliance.

Company Profile

Himalaya Food International Limited operates with CIN L70102DL1992PLC047399 and maintains its registered office at 118, 1st Floor, 12 Gagandeep Building, Rajendra Place, New Delhi-110008. The company operates manufacturing plants in Shubhkhera, Paonta Sahib, Himachal Pradesh, and Vadnagar, Mehsana, Gujarat.