Hindustan Foods Gets NCLT Nod for Group Restructuring Scheme

Hindustan Foods Ltd. ( (IN:HNDFDS) ) has issued an announcement.

Hindustan Foods Ltd. has received a sanction from the National Company Law Tribunal’s Mumbai bench for a Scheme of Arrangement involving Avalon Cosmetics Private Limited and Vanity Case India Private Limited. The tribunal’s approval moves forward a corporate restructuring under Sections 230 to 232 of the Companies Act, 2013, aimed at consolidating these group entities into Hindustan Foods as the resulting company.

The scheme will become effective once the certified NCLT order is filed with the Registrar of Companies by all the parties involved. This restructuring is expected to streamline the group’s corporate structure around Hindustan Foods, potentially enhancing operational efficiency and strengthening its position within the Vanity Case Group’s consumer products and contract manufacturing businesses.

More about Hindustan Foods Ltd.

Hindustan Foods Ltd. is a contract manufacturing company in the fast-moving consumer goods space, producing a range of food and personal care products for leading brands in India and for export. As part of the Vanity Case Group and a government-recognised Two Star Export House, it focuses on expanding integrated manufacturing capabilities to serve both domestic and international markets.

Average Trading Volume: 4,637

Technical Sentiment Signal: Sell

Current Market Cap: 57.87B INR

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