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    Himalaya Food - 2 PDF

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    Manish Goyal
    The Board Meeting held on May 30, 2019 discussed and approved the following: 1) Audited financial results and audit report for the quarter and year ended March 31, 2019. The Board noted the urgent need to turnaround operations through cost cutting and a revamped management team. 2) Progress on the one time settlement proposal with banks, including a 5% deposit as token amount. Approval from banks was slowed in recent months but likely in the next few weeks. 3) Liquidation of some operational creditor dues through issuing up to 500,000 equity shares on a preferential basis, subject to member approval. 4) Issuing up to 62,25,000 convertible

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    Himalaya Food - 2 PDF

    Uploaded by

    Manish Goyal
    96 views2 pages
    The Board Meeting held on May 30, 2019 discussed and approved the following: 1) Audited financial results and audit report for the quarter and year ended March 31, 2019. The Board noted the urgent need to turnaround operations through cost cutting and a revamped management team. 2) Progress on the one time settlement proposal with banks, including a 5% deposit as token amount. Approval from banks was slowed in recent months but likely in the next few weeks. 3) Liquidation of some operational creditor dues through issuing up to 500,000 equity shares on a preferential basis, subject to member approval. 4) Issuing up to 62,25,000 convertible

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    The Board Meeting held on May 30, 2019 discussed and approved the following: 1) Audited financial results and audit report for the quarter and year ended March 31, 2019. The Board noted the urgent need to turnaround operations through cost cutting and a revamped management team. 2) Progress on the one time settlement proposal with banks, including a 5% deposit as token amount. Approval from banks was slowed in recent months but likely in the next few weeks. 3) Liquidation of some operational creditor dues through issuing up to 500,000 equity shares on a preferential basis, subject to member approval. 4) Issuing up to 62,25,000 convertible

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    96 views2 pages

    Himalaya Food - 2 PDF

    Uploaded by

    Manish Goyal
    The Board Meeting held on May 30, 2019 discussed and approved the following: 1) Audited financial results and audit report for the quarter and year ended March 31, 2019. The Board noted the urgent need to turnaround operations through cost cutting and a revamped management team. 2) Progress on the one time settlement proposal with banks, including a 5% deposit as token amount. Approval from banks was slowed in recent months but likely in the next few weeks. 3) Liquidation of some operational creditor dues through issuing up to 500,000 equity shares on a preferential basis, subject to member approval. 4) Issuing up to 62,25,000 convertible

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    Himalaya

    FOOD COMPANT

    May 30. 2019

    BSE Limited.
    Corporate Relations Department,
    P. ]. Towers. Dalal Street, Mumbai -

    400001

    Scrip Code: 526899


    Symbol: HFIL

    Dear Madam / Sir,

    Sub: Outcome ofBoard lileeting date held on 30111 May 2019

    We bring to your kind notice that the Board Meetinghas been held on

    Thursday. 303‘ May 2019 at 4 PM to discuss 8; approve the following Agenda:

    1. Audited Financial Results 8; Audit


    quarter and year ended
    Report for the
    31$March, 2019. The Board noted the results and
    expressed the urgent need to
    turnaround the operations. The Board discussed details of the
    steps taken on cost
    cutting and revamped management team. Board also directed to issue fresh targets
    that were discussed keeping view ofthe current financial
    position. Board advised to
    monitor the progress on all proposed steps 8: cash generated every month.

    2. The progress ofone time settlement of debt with the Banks. Board was informed of
    the progress on OTS approval by Banks. it was informed of
    deposit of 5% as token
    amount for OTS. Board informed that the
    was
    proposal slowed down by banks in last
    2/3 months due to watch on
    general elections and the likelihood
    ‘
    of approval by
    banks in next few weeks.

    3. Board also approved the liquidation of overdues of some operational creditors by


    way of issue and allot up to maximum 500,000
    fully paid up Equity Shares on
    preferential basis pursuant to Section 42 and Section 62 of Companies Act 2013 and
    SEBI (Issue ofCapital and Disclosure
    Requirements) Regulations 2009, subject to the
    approval ofthe members. '

    4. Pursuant to Section 42 and Section 62


    of Companies Act 2013 and 8831 (Issue of
    Capital and Disclosure Requirements] Regulations 2009, subject to the approval of
    members it is decided to issue and allot up to maximum 62, 25,000 convertible
    Warrants issued to the
    promoter/ promoter group, employees and to the public on
    preferential issue basis.

    Himalaya Food International


    CIN
    Ltd.
    L701020L1992PLCO47399.
    : -

    Formerly known as Himalya lntemational Ltd.


    A

    Contact@HimalayaFoodCompany.com www.HimalayaFoodComiJallll-com
    Registered Office : .

    Pl an l s
    '

    '

    118. 1st Floor 12 A

    .
    .
    Gagandeep Buildin g Shubhkhe P s h
    ‘

    b, Vadnagar. Me h 53.“
    Rajendra Place New Delhi-110008
    :adzgglan: ('325
    .
    ,

    Tel.: +91-11-45108609
    Himachal Gujarat 384 355
    -

    Tel.: Te'elax- :+ 9 1-2761-305030


    +91-1704-223494. Fax:22517a
    Hlmalgyg
    FOOD COMP NY

    Postal Ballot and advise


    5. Board approved the fresh equity / warrants allotment by
    circulation ofthe notice along with explanatory Statements.

    account in scheduled bank to


    opening of a separate bank
    a
    6. Board also directed for
    receive money for issue of fresh equity and warrants from the applicants.

    7. Board also approved appointment of Scrutinizerfor Postal Ballot process under


    section 110 ofthe Companies Act, 2013.,
    Bamboo
    8. Board discussed & advised Ramp up of Mushroom operations by using new
    substantial Savings in
    Technology to replace expensive steel structure leading
    to

    capex / replacement cost.

    of order of Fried/ Frozen


    9. Board expressed satisfaction at fructification & conclusion
    and discussed
    Toast Products by one of the largest Retail Chains in North America
    customer.
    the way forward to fulfil the aspirations of the most prestigious

    This is for your information and record please.

    .
    Thanking you,
    . Yours truly,

    Surablu'aheshw
    & ompliance Officer
    Company Secretary

    International
    '

    Himalaya Food Ltd.


    CIN : L701020L1992PLCO47399 Formerly known as Himalya lniemational Ltd,

    Contact@HimalayaFoodCompany.com www.HimalayaFoodCompany.com
    '

    Registered Office: Plants

    11%;.1st Floor, 12 Gagandeep Building Shubhkhera, Paonta Sahib, vadnagar_ Mehs'ana


    Rajendra Place New Delhi-110008 Himachal Pradesh -

    173 025 Gujarat 384 355


    -

    Telefax: +91-2761-305030
    Tel.: +91-11-45108609 Tel; +91—17o4-223494. Fax225178

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