Himalaya Food International Limited (HFIL) has announced a significant change in its corporate structure with the appointment of Ms. Megha Saini as the new Company Secretary and Compliance Officer. This strategic move, effective from October 30, 2025, was approved by the company's Board of Directors during their meeting held on October 28, 2025.

Key Appointment Details

Professional Background

Ms. Saini brings a wealth of experience to her new role at Himalaya Food International Limited. With over eight years of expertise in corporate secretarial and compliance matters, she is well-versed in critical areas such as:

• ROC filings
• Share allotment procedures
• Regulatory compliance management

Her appointment is in line with Regulation 6 of the SEBI Listing Regulations and Section 203 of the Companies Act, 2013, underscoring the company's commitment to maintaining robust corporate governance standards.

Implications for HFIL

The appointment of Ms. Saini is expected to strengthen Himalaya Food International's compliance framework and corporate secretarial functions. Her extensive experience in navigating complex regulatory environments could prove valuable as the company continues to grow and adapt to evolving market conditions.

Additional Information

Ms. Saini does not hold any shares in the company and is not related to any existing Directors of Himalaya Food International Limited. This independence aligns with best practices in corporate governance, ensuring objectivity in her role as Company Secretary and Compliance Officer.

The company's proactive approach in appointing a seasoned professional to this crucial position reflects its dedication to transparency and regulatory adherence. As Himalaya Food International moves forward with this new addition to its leadership team, stakeholders can anticipate a continued focus on maintaining high standards of corporate compliance and governance.

Himalaya Food International Limited made this announcement in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to keeping shareholders and the market informed of significant corporate developments.

Himalaya Food International Limited , a key player in the Indian food processing industry, is showing strong signs of recovery and growth, as revealed during its 34th Annual General Meeting (AGM) held on September 30. Chairman and CEO ManMohan Malik addressed shareholders, highlighting the company's resilience and strategic initiatives aimed at strengthening its market position and financial health.

Diversification Strategy and Market Expansion

In response to challenges such as U.S. trade barriers, Himalaya Food International has implemented a diversification strategy to reduce dependence on single markets. The company has successfully re-entered the Indian market, which is experiencing robust growth, while simultaneously expanding into new export markets across multiple regions. This balanced approach is expected to secure sustainable growth and stability for the company.

French Fry Processing Expansion

A significant development in Himalaya Food International's growth strategy is the progress of its new French Fry processing line. With an annual capacity of 54,000 MT, the new line is on schedule for commissioning before March 2026. This expansion is set to substantially strengthen the company's product portfolio, production scale, and revenue base.

Financial Restructuring and Debt Reduction

Himalaya Food International has made substantial progress in its financial restructuring efforts:

• Successfully completed a Rights Issue
• Discharged 78.00% of the One-Time Settlement (OTS) liability with consortium banks
• Remaining 22.00% of OTS liability scheduled for payment within the current financial year
• Preparing contingency funding options, including a potential second Rights Issue or Preferential Issue

The company aims to achieve a debt-free balance sheet in the near future, demonstrating its commitment to financial stability and growth.

Legal Proceedings

Himalaya Food International continues to pursue legal matters:

1. Ongoing proceedings against Simplot in the Delhi High Court
2. Plans to initiate a tort action in the U.S. Federal Court for damages and loss of profits
3. Filed an appeal against New India Assurance Co. regarding a reduction in the Vadnagar fire insurance claim amount

Looking Ahead

Chairman Malik expressed confidence in the company's future, stating that Himalaya Food International is well-positioned to regain its leadership in the Indian food processing industry while reinforcing its international presence. The company is committed to sustaining quarter-over-quarter growth in the coming years, backed by a strengthened balance sheet, expanded production capacity, and a broader market footprint.

AGM Proceedings

The 34th AGM, conducted through video conferencing, saw the discussion of several key agenda items:

• Adoption of audited financial statements
• Re-appointment of Mrs. Sangita Malik as a director
• Approval for the sale of non-core assets
• Increase in authorized share capital
• Approval for availing loan facilities from promoter and promoter group
• Approval for further issue of equity shares
• Increase in managerial remuneration of Mr. ManMohan Malik

The meeting, which commenced at 5:07 PM IST and concluded at 5:42 PM IST, provided a platform for shareholders to engage with the management and vote on crucial matters affecting the company's future.

As Himalaya Food International continues its journey of recovery and growth, stakeholders will be keenly watching the company's progress in implementing its strategic initiatives and achieving its financial goals.