Himalaya Food International Ltd has achieved a landmark milestone in its North American expansion strategy by securing approved vendor status with US Foods, one of the largest foodservice distributors in the United States. This development marks a significant evolution from the company's previous spot vendor relationship with the American distributor.

Strategic Vendor Status Upgrade

The transition represents a major advancement for the BSE-listed frozen and canned food processor. The company has successfully evolved from its initial "spot vendor" status, which began in 2025 with per-order transaction arrangements, to achieving "Regular Approved Vendor" designation.

This upgrade reflects heightened buyer confidence in Himalaya's product quality and supply reliability, establishing a scalable commercial foundation for sustained market expansion. As part of this integration, US Foods has assigned APN numbers to Himalaya's core product portfolio, enabling internal procurement teams to place direct orders through centralized systems.

Approved Product Portfolio

The initial product registration encompasses a specialized range of high-demand potato products designed for the American foodservice market:

These products represent core offerings in the American foodservice industry, positioning Himalaya to capitalize on established market demand patterns. The APN number assignment facilitates streamlined ordering processes and inventory management across US Foods' extensive distribution network.

Market Access and Growth Implications

The approved vendor status significantly enhances Himalaya's market visibility and accessibility across US Foods' comprehensive distribution infrastructure. This development creates pathways for expanded product listings and regional market penetration throughout the United States.

The strategic partnership positions the company to leverage US Foods' established customer base and distribution capabilities, providing a robust platform for scaling operations in the competitive North American frozen food market. The transition from transactional spot purchasing to systematic vendor relationships demonstrates the company's operational capabilities and market positioning strength.

This announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring transparency for investors and stakeholders regarding this significant business development.

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.