Hindustan Foods , a prominent player in the Indian food industry, recently conducted a crucial meeting of its equity shareholders to deliberate on a significant corporate action. The meeting, held on October 15, 2025, was convened to seek approval for a Scheme of Arrangement involving Avalon Cosmetics Private Limited and Vanity Case India Private Limited.

Meeting Details

The shareholder meeting was conducted via video conferencing, in line with the directions provided by the National Company Law Tribunal (NCLT). This virtual format ensured wider participation while adhering to potential health and safety guidelines.

Participation and Representation

The meeting saw notable participation from the company's shareholder base:

Voting Process

To ensure a fair and transparent decision-making process, Hindustan Foods Limited implemented a comprehensive voting system:

• Remote e-voting was available from October 12-14, 2025
• Additional voting facility was provided during the meeting
• Mr. Prashant Sharma, Advocate, was appointed as the Scrutinizer by NCLT to oversee the voting process

Key Resolution

The primary agenda of the meeting was to vote on the following resolution:

Resolution: Approval of the Scheme of Arrangement between Avalon Cosmetics Private Limited, Vanity Case India Private Limited, and Hindustan Foods Limited, along with their respective shareholders.

Next Steps

The company has announced that the combined results of the voting, including both remote e-voting and voting during the meeting, will be declared within two working days. These results will be:

• Communicated to the stock exchanges where Hindustan Foods Limited's equity shares are listed
• Uploaded on the company's official website
• Displayed on the notice board at the company's registered office

This meeting marks a significant step for Hindustan Foods Limited as it seeks to implement a strategic corporate restructuring. Shareholders and market observers will be keenly awaiting the voting results, which could potentially impact the company's future operations and market position.

About Hindustan Foods Limited

Hindustan Foods Limited is recognized as a Two Star Export House by the Indian government. The company operates in the food industry and is part of the Vanity Case Group. Its registered office is located in Phoenix Market City, Kurla, Mumbai.

Hindustan Foods Limited , a prominent player in the Indian consumer goods sector, has made a strategic move to expand its footprint in the footwear manufacturing industry. The company's wholly-owned subsidiary, KNS Shoetech Private Limited, has executed a Business Transfer Agreement to acquire manufacturing facilities from SSIPL Retail Limited for a cash consideration of ₹76.92 crores.

Acquisition Details

The agreement, signed on March 31, 2024, involves the acquisition of manufacturing facilities located in Himachal Pradesh and Haryana. These facilities are currently engaged in the production of shoes and open footwear. The final purchase price is subject to customary adjustments, as per standard business practices.

Strategic Expansion

This acquisition aligns with Hindustan Foods' previously announced strategy to enter the contract manufacturing sector and expand into the footwear business. The company had earlier expressed its intention to invest up to ₹100.00 crores in shoe manufacturing, and this move appears to be a significant step towards realizing that goal.

Transaction Structure and Timeline

The deal is structured as a slump sale, meaning the transfer of the entire business operation on a going concern basis. This approach often allows for a smoother transition of assets and operations. The transaction is expected to be completed by the first quarter of the financial year 2024-25, subject to customary approvals and conditions.

Implications for Hindustan Foods

This strategic acquisition positions Hindustan Foods to capitalize on the growing footwear market in India. By acquiring established manufacturing facilities, the company can potentially accelerate its entry into this sector, leveraging existing infrastructure and expertise.

The move also diversifies Hindustan Foods' portfolio, potentially opening up new revenue streams and business opportunities in the contract manufacturing space for footwear.

As the transaction progresses, stakeholders will be keen to observe how Hindustan Foods integrates these new assets into its operations and the impact on the company's financial performance in the coming quarters.