Hindustan Foods has scheduled its 41st Annual General Meeting for September 23, 2026, to seek shareholder approval for a significant increase in its borrowing powers. The company aims to raise its borrowing limit from ₹1,000 crore to ₹1,300 crore to support its expanding project pipeline and growth initiatives.

The meeting will be held through Video Conferencing or Other Audio-Visual Means (VC/OAVM) starting at 11:30 am. The deemed venue is the company’s registered office in Mumbai. The notice for the AGM was dispatched on August 26, 2026.

Key Resolutions

Shareholders will vote on several ordinary and special resolutions during the meeting:

• Borrowing Limit Increase: Approval under Section 180(1)(c) of the Companies Act, 2013, to borrow up to ₹1,300 crore. This supersedes the previous limit of ₹1,000 crore approved in the 40th AGM.
• Creation of Charge: Consent under Section 180(1)(a) to create charges on movable and immovable assets to secure these borrowings.
• Director Re-appointment: Re-appointment of Mr Shrinivas V Dempo as a Non-Executive Non-Independent Director, retiring by rotation.
• Cost Auditor Ratification: Ratification of remuneration for M/s Poddar & Co., appointed as Cost Auditor for FY27 at a fee of ₹5,25,000 plus out-of-pocket expenses and taxes.

Strategic Context

The board highlighted that over the last 18 months, the company has scaled up its project pipeline with investments exceeding ₹1,000 crore. Projects aggregating over ₹600 crore have already been commercialised. The enhanced borrowing limit is intended to provide financial flexibility for timely execution and commercialisation of upcoming projects, driven by outsourcing opportunities and long-term customer contracts.

What the Numbers Show

The proposed borrowing limit increase represents a 30% expansion in the company’s debt capacity compared to the previous shareholder-approved limit of ₹1,000 crore. This structural change aligns with the disclosed project pipeline value exceeding ₹1,000 crore, suggesting the additional headroom is specifically calibrated to fund the remaining uncommercialised portion of current projects rather than speculative future growth.

Voting and Logistics

• E-voting Cut-off Date: September 16, 2026
• Remote E-voting Period: September 20, 2026 (9:00 am) to September 22, 2026 (5:00 pm)
• Book Closure Period: September 19, 2026 to September 23, 2026 (both days inclusive)

Members holding shares as on the cut-off date are eligible to cast votes electronically. The facility for appointment of proxies is not available for this VC/OAVM meeting. Mr Amit Surase, Practicing Company Secretary, has been appointed as the Scrutiniser for the e-voting process.

Annual Report Access

Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, 2015, the company has provided a web-link for members who have not registered their email addresses to access the Integrated Annual Report for Financial Year 2025-26. Members are advised to update their email addresses with their depository participants or the Registrar & Share Transfer Agent, MUFG Intime India Private Limited, to receive future communications electronically.

Hindustan Foods filed its Business Responsibility and Sustainability Report (BRSR) for FY26 on August 26, 2026. The disclosure covers environmental metrics, workforce safety, and governance practices.

The company operates across 19 plants in India, serving markets in 14 countries. Exports contributed 2.79% of total turnover. The business is split between food and beverage manufacturing (49%) and home and personal care products (43%).

Workforce and Safety

The entity employed 809 permanent employees and engaged 5,320 workers as of March 31, 2026. Female representation stood at 12% among employees and 28% among workers. The turnover rate for permanent employees was 40% in FY26, up from 37% in the previous year.

Safety records showed zero lost-time injuries for both employees and workers in FY26. There were two recordable work-related injuries for workers during the period, compared to one in FY25.

Environmental Impact

Total energy consumption rose to 283,146 GJ from 225,984 GJ in FY25. Renewable energy sources accounted for 99,750 GJ of this total. Water withdrawal increased to 644,347 kilolitres, driven by higher groundwater usage of 289,985 kilolitres.

Greenhouse gas emissions (Scope 1 and 2) totaled 38,275.54 tonnes of CO2 equivalent. Scope 1 emissions grew significantly to 9,960.70 tonnes from 6,099.92 tonnes in the prior year.

Governance and CSR

The company reported no material fines or penalties under SEBI regulations. Customer complaints regarding specifications and packaging stood at 12 pending cases, a sharp decline from 209 filed in FY25.

CSR initiatives benefited over 500 individuals across various trusts and foundations. The board includes one female director, representing 14.29% of the total membership.