Chairman's FY2025-26 address: plan to clear all debt in 6 months via non-core asset monetization

Chairman's FY26 letter: company plans to monetize substantial non-core assets to eliminate all outstanding debt within 6 months, pursue damages claim against JV partner Simplot, and operationalize French fry.

Wed 30 Sep 2026

Debt Elimination Timeline

eliminate all outstanding debts within the next 6 months

Production Capacity Target

66,000 Metric Tons Per Annum

Operational Timeline

French fry, potato specialty and frozen appetizer lines to be operationalized by March

Full Revival Timeline

3 years

Export Markets Targeted

North America, Europe, Australia and the Middle East

What was shared

Himalaya Food International submitted the Chairman's address to shareholders for the financial year ended March 31, 2026, for investor information.

Background the letter recounts

The Chairman describes thirteen difficult years, including legal disputes arising from the joint venture with Simplot, severe financial strain and bank default situations, and fire destruction at manufacturing facilities.

De-leveraging plan

• The company says it has raised no external equity or debt.
• It is actively contemplating monetization of substantial non-core assets.
• Stated goal: eliminate all outstanding debts within the next 6 months, moving to a debt-free operational structure.

Legal track

• The company says it is no longer passive on the Simplot matter and is moving to claim substantial damages incurred over the last six years.
• It alleges defiance of the Singapore Arbitration Award and attempts to obtain stays on its assets.

Growth roadmap

• Operationalize and optimize French Fry and potato specialty lines alongside the frozen appetizers facility by March, targeting aggregated production capacity of 66,000 Metric Tons Per Annum.
• Expand exports into North America, Europe, Australia and the Middle East, targeting club stores, foodservice networks and global retail chains.
• Focus on modern processing infrastructure, automated handling and SOPs for higher yields, lower costs and better margins.
• Goal of fully reviving the company to its true potential within the next 3 years.

How investors may read it

This is a forward-looking management communication rather than a financial result or a completed transaction. The debt elimination depends on asset monetization that is described as being contemplated, and the damages claim is a legal process whose outcome is not determined. Readers can track whether the asset sales, the March production timeline and the debt reduction actually materialize.

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