Hindustan Foods Limited Finalizes Scheme of Arrangement Details, Fixes Record Date
Hindustan Foods Limited, a company within the Vanity Case Group, has formalized the outcome of a Scheme of Arrangement involving Avalon Cosmetics Private Limited, Vanity Case India Private Limited, and itself. The Board of Directors of Hindustan Foods Limited approved the key terms of the scheme on April 22, 2026.The Scheme of Arrangement covers the corporate restructuring involving Avalon Cosmetics Private Limited (the Demerged Company), Vanity Case India Private Limited (the Transferor Company), and Hindustan Foods Limited (the Transferee Company).
The process was initiated following previous announcements made by the Company on April 1, 2026, and February 26, 2026. The arrangement was sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench, with the order dated February 25, 2026. A certified copy of this NCLT order was received and taken on record by the Company on March 6, 2026.
Scheme of Arrangement Details
The Board has fixed Friday, May 8, 2026, as the Record Date to determine the eligible shareholders of both the Demerged Company and the Transferor Company entitled to receive the shares under the arrangement.The scheme dictates the following share issuance terms:
| Transaction Type | Shares Issued from Transferee Company | Shares Received by Shareholder | Details |
|---|---|---|---|
| Demerger | 19 fully paid-up Equity Shares of face value INR 2/- each | 100 equity shares of face value INR 10/- each fully paid up | Per 100 equity shares held in the Demerged Company |
| Amalgamation | 4,64,58,145 equity shares of face value INR 2/- each fully paid-up | Equivalent shares based on proportional holding | Issued to equity shareholders of the Transferor Company |
The Company is a Government Recognised Two Star Export House, operating from its registered office in Mumbai.
HNDFDS Stock Price Movement
As of 3:10 PM, shares of Hindustan Foods Limited are slipping by 0.18% in live trading, currently holding at ₹496.7. The stock is showing a total volume of 28,669 shares as the market continues its session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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