Hindustan Foods Limited has fixed May 8, 2026 as the record date for determining shareholders eligible to receive new equity shares under a court-approved scheme involving two group companies, the company announced on Wednesday.

The Board of Directors passed the resolution by circulation on April 22, 2026, formalising the record date as the last key step before share allotment under the Scheme of Arrangement between Avalon Cosmetics Private Limited (the demerged entity), Vanity Case India Private Limited (the transferor), and HFL as the resulting company.

The scheme was sanctioned by the National Company Law Tribunal, Mumbai Bench, on February 25, 2026, with the certified copy received on March 6, 2026.

Under the demerger component, eligible shareholders of Avalon Cosmetics will receive 19 fully paid-up HFL equity shares of face value ₹2 each for every 100 shares of face value ₹10 held.

Under the amalgamation component, a total of 4,64,58,145 HFL equity shares of ₹2 face value will be allotted to shareholders of Vanity Case India in proportion to their existing holdings.

HFL shares were trading at ₹496.25 on the NSE on Wednesday afternoon, down 0.27 per cent from the previous close of ₹497.60, against a total market capitalisation of approximately ₹5,933 crore.

The stock has underperformed over the medium term, declining around 13.8 per cent over the past year while the Nifty 50 gained roughly 1 per cent in the same period. The stock trades at a price-to-earnings ratio of 44.35.

The company is listed under the Diversified FMCG category and is part of the Vanity Case Group.

Published on April 22, 2026