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Hindustan Foods Ltd. ( (IN:HNDFDS) ) has provided an update.
Hindustan Foods Ltd. has announced that a court-approved Scheme of Arrangement involving Avalon Cosmetics Pvt. Ltd. and Vanity Case India Pvt. Ltd. has become effective as of the close of business on March 31, 2026, following its filing with the Registrar of Companies in Mumbai. The appointed dates set the demerger of Avalon’s Nashik contract manufacturing business into Hindustan Foods from April 1, 2024, and the amalgamation of Vanity Case India with Hindustan Foods from October 1, 2024.
These steps consolidate key contract manufacturing operations under Hindustan Foods, potentially strengthening its scale and integration in the personal care and FMCG manufacturing value chain. The company has indicated that the record date to determine eligible shareholders of the demerged and transferor entities will be communicated separately, signaling forthcoming adjustments in shareholding structures for stakeholders.
More about Hindustan Foods Ltd.
Hindustan Foods Ltd. operates in the contract manufacturing and consumer goods space, providing production and related services for fast-moving consumer products. The company, part of the Vanity Case Group, focuses on large-scale third-party manufacturing, including personal care and cosmetics, serving brand owners in India and export markets.
Average Trading Volume: 4,767
Technical Sentiment Signal: Buy
Current Market Cap: 60.95B INR
See more insights into HNDFDS stock on TipRanks’ Stock Analysis page.