Himalaya Food International Ltd. Secures Landmark OTS Extension Approval, Advances Debt Resolution
New Delhi, April 4, 2026 – Himalaya Food International Ltd. (BSE: 526899) announced today that a consortium of lenders, led by State Bank of India, has approved an extension of the company’s One Time Settlement (OTS).The approval, which extends the OTS until September 2026, marks a significant milestone in the company’s financial restructuring efforts.
Key Highlights of the OTS Extension:
- Extended OTS Deadline: The OTS is now extended until September 2026.
- Final Settlement Amount: The total final settlement amount is ₹43 crore, with ₹21.50 crore already deposited (50%).
- Cumulative Payments: The company has paid ₹77 crore to date.
- Remaining Balance: The remaining balance of ₹21.50 crore is expected to be paid within the approved timeline.
The company has faced operational challenges, including a setback due to a joint venture partner's failure to return critical machinery and the impact of a fire at a Gujarat facility. Despite these circumstances, Himalaya Food International Ltd. has continued to service its obligations and has made cumulative payments of ₹77 crore.
According to Mr. Man Mohan Malik, Chairman & CEO, "This approval represents a defining moment for Himalaya. We have already demonstrated our intent and capability by paying ₹77 Crores, including ₹21.50 Crores under the revised OTS."
The company is now focused on export expansion, including pipelines to the UK, Australia, and EU, as well as the development of high-margin, value-added products. The approval is expected to facilitate asset monetization and potential capital infusions.
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