Himalaya Food International Approves Doon Valley Industrial Unit Acquisition

Board approved acquisition of Doon Valley Foods’ adjoining industrial unit, including machinery, land, building and cold storage, at certified valuation to facilitate production relocation following the HP High Court order. Cash outgo is capped at Rs 1 Cr, with the balance purchase consideration to be adjusted against Global Trade USA receivables. The transaction supports continuity of operations while meeting the condition to shift production from the Sukheda Paonta Sahib land. It advances the company’s capacity-restart and operational-stabilization plan through an adjoining facility. Valuation, total consideration, receivable recoverability and completion timing remain undisclosed. The related-party nature of the seller adds governance and execution sensitivity; a director was authorized to execute asset sales after lender NOCs and settlement of Rs 21.5 Cr.