Hindustan Foods schedules meeting for cosmetics business demerger

Hindustan Foods Limited (HFL) will hold a meeting of its equity shareholders on Wednesday, October 15, 2025, at 12:00 Noon IST, via video conferencing, as directed by the National Company Law Tribunal, Mumbai Bench. Shareholders will consider and vote on a scheme of arrangement involving Avalon Cosmetics Private Limited ("ACPL") and Vanity Case India Private Limited ("VCIPL"). The scheme includes the demerger of ACPL's Contract Manufacturing (Nashik) Business into HFL and the amalgamation of VCIPL with HFL.

Under the proposed demerger, HFL will issue 19 fully paid-up equity shares of face value INR 2/- for every 100 equity shares of face value INR 10/- held in ACPL. For the amalgamation, HFL will issue 4,64,58,145 equity shares of face value INR 2/- each to VCIPL shareholders in proportion to their holding. The scheme has received "no objection" from BSE Limited and National Stock Exchange of India Limited, as per their observation letters dated February 28, 2025.

The scheme aims to consolidate business operations, leverage unused industrial land for expansion, and enhance the net worth and shareholder value of the combined entity. Voting rights will be based on shares held as of October 8, 2025. The company will dispatch the notice and annexures electronically on September 10, 2025.