Hindustan Foods shareholders approve scheme of arrangement

Hindustan Foods Limited announced that its equity shareholders approved a scheme of arrangement involving Avalon Cosmetics Private Limited and Vanity Case India Private Limited, as well as their respective shareholders. The resolution was passed at a meeting convened on October 15, 2025, following directions from the National Company Law Tribunal (NCLT), Mumbai Bench.

According to the consolidated scrutinizer's report, 96.08% of the total votes cast were in favor of the resolution, with 3.91% against. A total of 96,694,973 valid votes were cast across promoter and public shareholder categories. Promoter and promoter group shareholders cast 73,239,193 votes, all in favor (100%), while public shareholders cast 23,455,780 votes, with 83.85% in favor (19,667,888 votes) and 16.15% against (3,787,892 votes).

The remote e-voting period for the resolution began on October 12, 2025, and concluded on October 14, 2025. The cut-off date for determining eligible equity shareholders was October 8, 2025.