Himalaya Food International Limited announced its unaudited financial results for the third quarter of fiscal year 2026, ended December 31, 2025. The Board of Directors approved these results during a meeting held on February 13, 2026, conducted through video conferencing from 05:00 P.M. to 07:15 P.M. (IST).

Financial Performance Overview

The company's financial performance for Q3 FY26 showed mixed results compared to the previous periods. Total income from operations reached ₹994.98 lacs, representing an increase from ₹967.86 lacs in the corresponding quarter of the previous year.

Chairman's Strategic Assessment

In a comprehensive letter to shareholders dated February 13, 2026, Chairman and CEO Man Mohan Malik addressed the company's performance amid challenging market conditions. The Chairman acknowledged that Q3 results reflect the immediate impact of steep tariffs imposed by the U.S. Government on Indian imports, describing the financial performance as "a notch below the preceding quarter" due to external pressures.

Malik highlighted the company's resilience in navigating the dynamic global trade environment, noting that recent diplomatic developments suggest the steep 50% tariffs may be reduced to 18% potentially within the final weeks of the current financial year.

Debt Settlement Progress

A significant development outlined in the Chairman's letter is the progress on the One-Time Settlement (OTS) with banking partners. The company has successfully aligned with Bank of Baroda and EXIM Bank, bringing them in line with settlements already sanctioned by SBI and Union Bank.

Operational Expenses and Performance

The company's expense structure for Q3 FY26 showed mixed trends across categories. Operating expenses decreased to ₹484 lacs from ₹529 lacs in the corresponding quarter of the previous year, while employee benefit expenses remained stable at ₹60 lacs.

Regulatory Compliance and Documentation

The company submitted comprehensive documentation to BSE Limited under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission included unaudited financial results, limited review report, and updated Policy of Independent Directors.

Garg Bros. & Associates, Chartered Accountants, conducted a limited review of the unaudited standalone financial results in accordance with Standard on Review Engagements (SRE) 2410. The auditors expressed no material concerns regarding compliance with Indian Accounting Standards and regulatory requirements.

Strategic Asset Monetization Plans

To fulfill remaining debt obligations and fuel future growth, the Chairman outlined the company's active pursuit of multiple liquidity avenues. These include the sale of non-core assets and land holdings in Rajasthan, as well as engagement with strategic investors for potential capital induction.

The company's paid-up equity share capital stood at ₹8479 lacs as of December 31, 2025, representing an increase from ₹5787.29 lacs in the corresponding period of the previous year. Basic and diluted earnings per share were both ₹0.09 for Q3 FY26, compared to ₹0.01 in Q3 FY25.

Corporate Governance Updates

The Board approved an updated Policy of Independent Directors, reinforcing the company's commitment to corporate governance standards. The policy outlines criteria for appointment, roles, responsibilities, and performance evaluation of Independent Directors in accordance with SEBI regulations and Companies Act, 2013. The results will be published in newspapers and uploaded on the company website at www.himalayafoodcompany.com in compliance with regulatory requirements.

Himalaya Food International Limited (HFIL) has announced a strategic realignment of its export strategy, focusing on Australia and the United Kingdom markets in response to recent US tariff policies. This move aims to strengthen the company's market presence and reduce dependency on tariff-impacted markets.

Key Strategic Shifts

• Market Focus: HFIL is pivoting towards Australia and the UK, leveraging favorable trade terms in these regions.
• Risk Mitigation: The company aims to reduce its exposure to US tariff risks by diversifying its export destinations.
• Growth Opportunities: HFIL plans to expand its brand footprint in premium food categories within these new target markets.

Expected Benefits for Investors

Management's Approach

The top management of Himalaya Food International has been proactively evaluating the implications of the US tariff policies. Their strategy involves:

1. Converting potential challenges into growth opportunities
2. Ensuring business resilience through market diversification
3. Capturing new consumer segments in premium food categories

The company's board has deliberated on strategic measures and policy responses to mitigate risks and leverage emerging opportunities in the Australian and UK markets. Management has been directed to closely monitor further developments and align business strategy accordingly.

Investor Disclosure

This strategic shift was disclosed to the Bombay Stock Exchange on November 14, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company emphasized that this information is crucial for all stakeholders and investors.

While the company appears optimistic about this strategic pivot, it's important for investors to note that success in new markets may depend on various factors, including local competition, consumer preferences, and ongoing geopolitical developments. As always, investors should conduct their own due diligence and consider their risk tolerance when evaluating this strategic shift's potential impact on their investment decisions.