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Himalaya Food International Ltd.

BSE: 526899 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE552B01010
BSE 00:00 | 11 May 10.13 0.10
(1.00%)
OPEN

10.20

HIGH

10.20

LOW

10.00

NSE 05:30 | 01 Jan Himalaya Food International Ltd
OPEN 10.20
PREVIOUS CLOSE 10.03
VOLUME 76951
52-Week high 14.25
52-Week low 6.16
P/E 18.76
Mkt Cap.(Rs cr) 59
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 10.20
CLOSE 10.03
VOLUME 76951
52-Week high 14.25
52-Week low 6.16
P/E 18.76
Mkt Cap.(Rs cr) 59
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Himalaya Food International Ltd. (HIMALAYAFOOD) - Chairman Speech

Company chairman speech

Dear Himalaya Family

On behalf of the Board of Directors I welcome you all to 29th AGM of your company.

Amidst the world wide Covid-19 Pandemic; It's my privilege to greet you and sharePositive Thoughts that will help us all to Reset our Aspirations & Move Forward withHigh Spirits!

Inspite of all the gloom & fear for life since March your company has stayedafloat and has been able to Reset its targets towards most optimal cost controls andenhance the efficiency of all resources at our command.

The results of last FY ending March 2020 are with you. We could pay Rs. 12 Cores fromthe cash generated in last financial year to the three banks that had approved our OTSProposal. Corporation Bank had been working to restructure their part of loan but aftertheir merger with Union Bank; they also preferred OTS on same terms and conditions as wasearlier approved by the lead Bank SBI. We have paid them an upfront advance of Rs 1.25Crore last month as desired by them for the final sanction. Once UBI sanction is receivedall four banks will consider the economic effect of Covid Lockdown and a final paymentplan for the OTS amount to all four banks will be redrawn.

Mushroom operations had abruptly halted since March and we propose to restart theseoperations this month so as to be in market for sale by end of October.

Exports are continuing though at slow pace due to total closure of food service(Restaurants Hotels & Catering) segment in USA.

Contract Processing of frozen potato products is showing signs of picking pace fordomestic market.

I assure you that inspite of multiple challenges we have been facing our resolve hasalways remained stronger & we are confident to sail through tough times to fulfil youraspirations within next few quarters.

Earnestly & With Best Wishes

For Himalaya Food International Ltd.

Man Mohan Malik Chairman & CEO

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