Hindustan Foods Announces NCLT Order on Scheme of Arrangement

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Hindustan Foods (HNDFDS) has received an application order from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding its Scheme of Arrangement with Avalon Cosmetics Private Limited and Vanity Case India Private Limited.

The NCLT order, dated August 20, 2025, was communicated to Hindustan Foods on August 21, 2025. The tribunal has disposed of the first motion application and dispensed with meetings for:

• Equity shareholders of Avalon Cosmetics Private Limited
• Equity shareholders of Vanity Case India Private Limited
• Preference shareholders of Hindustan Foods Limited
• Secured creditors of Avalon Cosmetics Private Limited
• Secured creditors of Vanity Case India Private Limited
• Secured creditors of Hindustan Foods Limited
• Unsecured creditors of Avalon Cosmetics Private Limited
• Unsecured creditors of Vanity Case India Private Limited
• Unsecured creditors of Hindustan Foods Limited

The NCLT has directed Hindustan Foods to hold a meeting of its equity shareholders via video conferencing (VC) or other audio-visual means (OAVM) to consider and approve the Scheme. The notice for this meeting must be issued 30 days in advance of the scheduled date.

Hindustan Foods will submit the date of the meeting and a copy of the notice to the stock exchanges in due course.

The company has requested the exchanges to record this information.

Bankim Purohit, Company Secretary and Legal Head of Hindustan Foods Limited, signed the notification.

A copy of the NCLT order is enclosed for reference.