Himalya International has received an approval for the draft structure of the scheme to demerge its processed food division situated in Gujarat and real estate business comprising of land holding at Neemrana in Rajasthan into two different wholly owned subsidiaries of the company and such wholly owned subsidiaries will be listed post implementation of the scheme.
The board of directors at its meeting held on August 18, 2016 has approved for the same. The board of the company has also constituted the re-organization committee which is authorized to draft the scheme of arrangement and place the draft scheme with the board of directors.
Himalya International is an India-based food processing company. The company is engaged in growing of mushrooms (which qualifies as agricultural activity), individually quick frozen (IQF) ready to eat items and trading in nutritional supplement. The company is also engaged in manufacture of cheese, yogurt, appetizers, snacks, and trading of daily one tablet.
