31032022

31st
2021-2022
CORPORATEINFORMATION
BOARD OF DIRECTORS CORPORATE IDENTIFICATIONNUMBER

MANMOHANMALIK (CIN)L70102DL1992PLC047399
Chairman&ManagingDirector
REGISTRAR &SHARE TRANSFERAGENT
SANGITAMALIK Beetal Financial & Computer Services (P)Ltd.
Beetal House,3rdFloor, 99MadangirBH-Local
WholetimeDirector
Shopping ComplexNear Dada HarsukhdasMandir
SANJIVKUMARKAKKAR NewDelhi-110062
ExecutiveDirector
SHARESLISTEDAT
SUNIL KUMAR KHERA Bombay Stock Exchange
IndependentDirector (BSE)526899(ScripCode)
SURENDRAKUMARKAUSHIK RAGISTERDOFFICE
IndependentDirector HimalayaFoodInternationalLimited
118, 1st Floor, 12 Gagandeep Building,Rajendra
NEELAMKHANNA Place, New Delhi-
IndependentDirector 110008www.himalayafoodcompany.com
Tel.: 011-45108609
SHAMSHERALI
ChiefFinancialOfficer(CFO) HEADOFFICE&PLANT
Village: Shubhkhera, paonta Sahib
Mamta Sharma Distt.Sirmour, HP-173025,
CompanySecretary (CS) Tel.: 01704-223494,
AUDITORS GUJARATPLANT
Sharma Kumar & Associates 215/A/1 Vadnagar-Redlaxmipura RoadAt-
CharteredAccountants Sultanapura,Ta-Vadnagar
Mehsana District,
BANKERS GujaratIndia,384355
StateBankofIndia,Stressed Asset
Management Branch, NewDelhi
Union Bank of India, Stressed Asset
Management Branch, Delhi
EximBank,Chandigarh
BankofBaroda,Zonal Stressed Assets
Recovery Branch, Ahmedabad
31st Annual Report Year 2021-2022

Page 1
Dear Shareholders,
We survived through the two years of worldwide pandemic and sustained our operations and paid
substantial portion of debts to our banks.
In May 2022 there was fire fueled by PU panels in Cold stores & ceilings that raged for 40 Hours and
gutted all processing facilities.
However the grace was; we could save all our workers & prevented explosion of huge storage of
Ammonia that could have spread across all surrounding villages.
Damage is Huge but We believe that Cosmos has pressed the Reset Button and burnt all our mistakes and
we can rebuild a better facility.
Himalaya is blessed with the ability to have endured multiple tragedies in last one decade without loosing
the courage & steam to propel into the hitherto elusive orbit of Great Success !
Immediately after the fire we swung in action and took these steps:
• We created quick small capacity to work 24/7 at Vadnagar plant to meet the backlog of huge
export orders.
• The Paonta frozen products Unit that was lying shut has been revived and will be in full
operations from this month.
We are in process of selling parcels of excess land within current year.

We plan to pay balance debt of Rs 55 Crores to banks from our sale of excess land and from Insurance
Claim within this year and shall be Debt Free during the current FY ending March 2023.
We plan to use all cash generation to strengthen our working capital and use surplus to rebuild the Burnt-
out facility to house the 10 Ton Per Hour line for French Fries. The line was purchased few years back but
could not be put in operation earlier & is reflected as WIP ( work in progress) in our Balance Sheet.
We are confident to not only come out of the current situation created by Fire but shall enter the most
productive period in the history of the Company.
We appreciate and thank you for your patience and support in all upheavals.
We renew & reiterate our pledge to usher in the Golden Period of the Company within the next few
quarters.
Sincerely
&
With Warm Regards
For Himalaya Food International Limited
Sd/-
ManMohan Malik
Chairman

Page 2
NOTICE
st
I hereby given that the31 Annual General Meeting of the members of the Company will be held on
Thursday, the 29thDay of September 2022, at 5:30 PM through Video Conferencing (‘VC’) or Other
Audio-Visual Means (‘OAVM’) to transact the following business: -
Ordinary Business:
1. To receive, consider and adopt the Standalone a nd C o nsoli da t ed Audited Financial Statements of
the Company for the year ended 31stMarch, 2022 and the Reports of the Board of Directors and
Auditors there on.
2. To appoint a director in place of Mr. Sanjiv Kumar Kakkar (DIN: 02434426), who retires by rotation in
terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers herself for re-
appointment.
3. To ratify the resolutions passed in the previous AGM dated 29.09.2022 For the preferential issue of
Shares and Warrants to be issued to promoters and others, where in the disclosures of ultimate
beneficiary of the allotment of shares to the Private Limited company namely – M/s NEPZ Pack
Industries Private Limited and M/s Stable Packaging Pvt Ltd. Was not made as per the SEBI ICDR.
RESOLVED THAT as per SEBI guidelines need the ultimate beneficiary disclosure in respect of preferential
allotment t the company is hereby decided to approve and ratify the U.B.O disclosure, subject to the
shareholder approval, for the followings allottees namely – M/s NEPZ Pack Industries Private Limited and M/s
Stable Packaging Pvt Ltd.
FURTHER RESOLVED THAT any of the directors or compliance officer of the company be and is hereby
authorised to provide documents to government authorities like SEBI, ROC etc.
Ultimate Beneficiary Disclosure
Name of the Company Number of the Ultimate beneficiary

Shares Owner
M/s. NEPZ Pack 1,84,616 Mr. Jaikant Gupta
Industries Private Ms. Shweta Gupta
Limited
M/s Stable Packaging 3,07,693 Mr. Pankaj Gupta
Pvt Ltd Mr. Sushil Gupta
Special Business:
4. Issue of Equity Shares on Preferential Allotment Basis
To consider and if thought fit to pass with or without modification (s) the following resolution as
a Special Resolution:
“RESOLVED THAT pursuant to the provisions of Section 42 and Section 62(1)(c) of the
Companies Act, 2013, read with the Companies (Prospectus and Allotment of Securities) Rules,
2014 and other applicable provisions, if any (including any statutory modifications(s) or re-
enactment thereof, for the time being in force), and subject to the provisions of the Securities
and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
(“SEBI (ICDR) Regulations”), Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 as amended up to date (“Listing Regulations”), the
Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers)
Regulations, 2011, as amended (the “Takeover Regulations”) as in force and subject to other
applicable rules, regulations and guidelines of Securities and Exchange Board of India (“SEBI”)
and/or the stock exchanges where the shares of the Company are listed and enabling provisions
of the memorandum and articles of association of the Company and subject to requisite
approvals, consents, permissions and/ or sanctions of regulatory and other appropriate
authorities, as may be required and subject to such conditions as may be prescribed by any of
them while granting any such approvals, consents, permissions, and/ or sanctions (including but

Page 3
not limited to approval from the Competition Commission of India) and which may be agreed to,
by the board of directors of the Company (“Board”, which term shall be deemed to include any
committee constituted by the Board to exercise its powers including the powers conferred
hereunder or any person authorised by the Board or its committee for such purpose), and
subject to any other alterations, modifications, corrections, changes and variations that may be
decided by the Board in its absolute discretion, the consent and approval of the members of the
Company be and is hereby granted to Board to create, offer, issue and allot at an appropriate
time, in one or more tranches on a preferential basis, 24,61,539 (Twenty four Lacs Sixty One
Thousand Five Hundred Thirty Nine) fully paid up equity shares of face value Rs. 10/- each (“Equity
Shares”) at a price of Rs. 21.20/- per share or at a price as per SEBI ICDR at a premium of Rs.11.20/-
per share aggregating to Rs./-(Rupees Five Crore Twenty-one Lakh Eighty Four Thousand Six Hundred
Twenty-Seven) and fresh issue of 18,46,154 partially paid up warrants by adjusting the balance amount
of Rs 1,89,04,451 ; balance due after allotment of 24,61,539 fully paid shares to M/s. Doon Valley Foods
Private Limited on preferential basis at Rs 21.20 per warrant as per the price computed under SEBI
guidelines in pursuant to Section 42 and Section 62 of Companies Act 2013 and SEBI (Issue of Capital
and Disclosure Requirements) Regulations 2009. The balance due amount of Rs 1,89,04,451 is being
adjusted against 18,46,154 warrants and constitutes 48.30% of the full amount. The balance amount of
Rs 2,02,34,014 against warrants allotted at Rs 21.20 is payable in 18 months from the date of allotment,
to Promoter (M/s. Doon Valley Food Private Limited, (“Proposed Allottee”), in lieu of overdues as on
31stMarch 2022 Rs 7,10,89,078 & duly verified & certified by the statutory Auditors provided that the
minimum price of equity shares so issued shall not be less than the price arrived at, In accordance with
Chapter V of the SEBI (ICDR) Regulations for preferential issue on such terms and conditions, as are
stipulated in the explanatory statement attached and as Board may deemed fit in its absolute
discretion.”
“RESOLVED FURTHER THAT the “Relevant Date” pursuant to Regulation 161 of the SEBI (ICDR)
Regulations in relation to the above mentioned Preferential Issue of Equity Shares, is 30th August 2022,
is a date 30 days prior to the date of Annual General Meeting.”
“RESOLVED FURTHER THAT the Board be and is hereby authorised to decide and approve other terms
and conditions of the issue of the equity shares and shall also be entitled to vary, modify or alter any of
the terms and conditions, as it may deem fit, subject however to the compliance with the applicable
guidelines, notifications, rules and regulations.
“RESOLVED FURTHER THAT the Board be and is hereby authorised to accept the terms, conditions,
modifications and stipulations as the GOI, SEBI or Stock Exchanges or any other regulatory authority
may stipulate while granting approval to the Company for issue of the equity shares as aforesaid.”
“RESOLVED FURTHER THAT the Board is hereby authorised to take necessary steps for listing of the
equity shares allotted on the Stock Exchanges, where the Company’s shares are listed, as per the terms
and conditions of the Listing Agreement, and in accordance with such other guidelines, rules and
regulations as may be applicable with regard to such listing.”
“RESOLVED FURTHER THAT the Equity Shares so issued shall upon allotment have the same rights of
voting as the existing equity shares and be treated for all other purposes pari-passu with the existing
equity shares of the Company and that the equity shares so allotted during the financial year shall be
entitled to the dividend, if any, declared including other corporate benefits, if any, for the financial year
in which the allotment has been made and subsequent years.”
“RESOLVED FURTHER THAT the Board, be and is hereby, authorized in its entire discretion to decide
and proceed with the issue of the equity shares, including the size and relative component of the same,
and for the purpose of giving effect to this issue of equity shares, to issue proposed Preferential offer
letter to the proposed allottees and take such steps and to do all such acts, deeds, matters and things as
the Board may, in its absolute discretion, deem necessary, expedient, usual, proper, incidental or
desirable and to settle any question, difficulties or doubts that may arise in this regard and in regard to
the issue, allotment of the equity shares and utilization of the issue proceeds, to prescribe the forms of
applications, enter and execute all such deeds, documents, agreements or other instruments, and to take
such actions/directions as they may consider as being necessary or desirable and to obtain any
approval, permissions, sanctions which may be necessary or desirable as they may deem fit, without
being required to seek any further consent or approval of the shareholders.”

Page 4
“RESOLVED FURTHER THAT the Board be and is hereby authorized on behalf of the Company to do all
such acts, deeds, matters and things as it may at its discretion deem necessary or desirable for such
purpose, including without limitation, appointment of consultants, solicitors, merchant bankers, or any
other agency/agencies, to agree and accept all such condition(s), modification(s) and alteration(s) as
may be stipulated by any relevant authorities while according approval or consent to the issue as may
be considered necessary, proper or expedient and give effect to such modification(s) and to resolve and
settle all questions, difficulties or doubts that may arise in this regard to such issue and allotment and to
do all acts, deeds and things in connection therewith and incidental thereto without being required to
seek any further consent or approval of the members of the Company to the intent that the members
shall be deemed to have given their approval thereto expressly by the authority of this resolution.
5. Increase in Authorised Share Capital of the Company and consequential amendment in

Memorandum of Association of the Company To consider and, if thought fit, to pass with or
without modification(s) the following resolution as an Ordinary Resolution: “
“RESOLVED THAT pursuant to the provisions of Section 61 and other applicable provisions, if any, of
the Companies Act, 2013 (including any amendment thereto or re-enactment thereof) and the Rules
framed thereunder, consent of the members of the Company be and is hereby accorded to increase the
Authorized Share Capital of the Company from Rs. 75,00,00,000/- (In Rupees Seventy-Five Crores
only) divided into 7,50,00,000(In Seven Crores Fifty Lac only) equity shares of Rs. 10/- (In Rupees ten
only) each to Rs. 1,000,000,000 /- (In One Hundred Crores only) divided into 10,00,00,000 (In Ten
Crores words only) equity shares of Rs. 10/- (In ten Rupees only) each by the creation of additional
2,50,00,000(Twenty Crores Fifty Lacs only) equity shares of Rs. 10/- (In ten Rupees only) each
ranking pari passu in all respect with the existing Equity Shares of the Company as per the
Memorandum and Articles of Association of the Company.
RESOLVED FURTHER THAT pursuant to Section 13 and all other applicable provisions, if any, of the
Companies Act, 2013, consent of the members of the Company be and is hereby accorded, for
alteration of Clause V of the Memorandum of Association of the Company by substituting in its place
and stead the following:-
“V. The Authorised Capital of the Company is Rs. 1,000,000,000/- divided into 10,00,00,000 equity
shares of Rs. 10/- each with power to increase and/or reduce the capital of the Company as provided
in the Articles of Association of the Company.
”RESOLVED FURTHER THAT approval of the Members of the Company be and is hereby accorded to
the Board of Directors of the Company to do all such acts, deeds, matters and things and to take all
such steps as may be required in this connection including seeking all necessary approvals to give
effect to this Resolution and to settle any questions, difficulties or doubts that may arise in this
regard.”
Place: Delhi By order of the Board ofDirectors

Date: 13.08.2022 Himalaya Food International Limited
Sd/-
ManMohanMalik
Managing Director

Page 5
NOTES:
1. In view of the massive outbreak of the COVID-19 pandemic, social distancing is a norm to be
followed and pursuant to the General Circular No. 20/2020 dated May 05, 2020 read with
General Circular No. 14/2020 dated April 08, 2020, Circular No.17/2020 dated April 13, 2020,
General Circular No. 02/2021 dated January 13, 2021 issued by the Ministry of Corporate
Affairs (‘MCA Circulars’) and Circular No. SEBI/HO/CFD/ CMD1/CIR/P/2020/79 dated 12th
May, 2020 and Circular No. SEBI/HO/CFD/CMD2/ CIR/P/2021/11 dated 15th January 2021
issued by the Securities and Exchange Board of India (“SEBI Circular”) and in compliance with
the provisions of the Act and the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”), physical attendance of the Members to the AGM
venue is not permitted and AGM be convened through video conferencing (VC) or other audio
visual means (OAVM). Hence, Members can attend and participate in the ensuing AGM
through VC only.
2. In accordance with the said circulars of MCA, SEBI and applicable provisions of the Companies
Act, 2013 (Act) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(Listing Regulations), the 31st AGM of the Company is being conducted through VC. Central
Depository Services (India) Limited (CDSL) will be providing facility for voting through
remote e-voting, for participation in the AGM through VC and e-voting during the AGM. The
procedure for voting through remote e-voting, e-voting during AGM and participating in AGM
through VC is explained at Notes below and is also available on the website of the Company at
www.himalayafoodcompany.com.
3. The deemed venue for the 31st AGM shall be the Registered Office of the Company.
4. Statement pursuant to Section 102 of the Companies Act 2013 (Act), setting out the material facts
concerning special businesses set out above is enclosed along with the details under Regulations
36(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and clause 1.2.5 of the Secretarial Standard -2] in respect of
directors proposed to be appointed / re-appointed at the Annual General Meeting is annexed hereto.
5. Pursuant to MCA Circular No. 14/2020 dated April 08, 2020, the facility to appoint proxy to attend
and cast vote for the members is not available for this AGM. However, in pursuance of Section 112
and Section 113 of the Companies Act, 2013, representatives of the members such as the President of
India or the Governor of a State or body corporate can attend the AGM through VC/OAVM and cast
their votes through e-voting. Hence theProxyFormand AttendanceSlip arenotannexedtothis Notice.
6. Pursuant to the provisions of Section 91 of the Companies Act 2013, the register of members and
share transfer books of the Company will remain closed from Friday,September 23, 2022 to
Thursday, September 29, 2022 (both days inclusive).
7. Corporate members may refer to “Note for Non – Individual Shareholders and Custodians” appearing
at the end of this notice and follow the instructions mentionedfor voting and participation at the
AGM.
8. The Register of Directors and Key Managerial Personnel and their Shareholding maintained under
Section 170 of the Act, the Register of Contracts or Arrangements in which Directors are interested
under Section 189 of the Act shall be electronically available for inspection by the Members during
the AGM upon login at CDSL e-voting system at www.evotingindia.com.
9. Dispatch of Annual Report and Notice of AGM throughelectronic mode:
In accordance with, the above referred circulars, owing tothe difficulties involved in dispatching of
physical copiesof the Annual Report comprising Financial Statements,Board’s Report, Auditor’s
Reports and other documentsrequired to be attached therewith, the Annual Report for 2021- 22 and
the Notice of this AGM are being sentonly through electronic mode to those Members whosee-mail
addresses are registered with the Company or theDepository Participant(s).
10. In case of joint holders attending the Meeting, only such joint holders who are higher in the order of
the nameswill be entitled to vote.
11. The attendance of the Members attending the 31st AGM through VC/OAVM will be counted for the
purpose of ascertaining the quorum under Section 103oftheCompanies Act, 2013.

Page 6
12. Relevant documents referred in the accompanying Notice and Director’s Report will be available for
electronic inspection, without any fee by the Members from the date of Circulation of this Notice up
to the date of AGM i.e29thSeptember 2022. Members seeking to inspect such documents can send an
email to [email protected].
13. Members whose e-mail address are not registered are requested to register their e-mail address for
receipt of Notice of 31st AGM, Annual Report and login details for joining the 31st AGM through VC
facility including e-voting, by providing Name, folio number/ DPID&ClientID (CDSL-16 digit
beneficiary ID or NSDL-16 digit DPID + CLID), client master or copy of consolidated Account
statement (in case of demat holding) or copy of share certificate (in case of physical holding), self-
attested scanned copy of Aadhar Card or any other document as proof of address to Company:
[email protected] or to/RTA at: [email protected].
14. The Notice of AGM and Annual Report for the financial year 2021-22, is available on the website of
the Company at www.himalayafoodcompany.com and also on the websites of the Stock Exchanges: at
www.bseindia.com. Notice of AGM is also available on thewebsite of CDSL at www.evotingindia.com.
15. As per Regulation 40 of the SEBI Listing Regulations, as amended, securities of listed entities can be
transferred only in dematerialized form with effect from April 1, 2019, except in case of transmission
or transposition of securities. In view of this, members holding shares in physical form are requested
to consider converting their holdings to dematerialized form. Members can contact
BEETALFinancial&ComputerServicesPvtLtd., Registrar and Share Transfer Agents of the Company
(“BEETAL”) or the Company for any assistance in this regard.
16. Members are requested to intimate changes, if any, pertaining to their name, postal address, e-mail
address, telephone/mobile numbers, Permanent Account Number, mandates, nominations, power of
attorney, bank details viz., name of the bank, branch details, bank account number, MICR Code, IFSC
Code etc., to their Depository Participants (“DPs”) in case the shares are held in electronic form and
BEETAL in case the shares are held in physical form.
17. In compliance with the provisions of Section 108 of the Act read with Rule 20 of the Companies
(Management and Administration) Rules, 2014 and Regulation 44 of the SEBI Listing Regulations,
the Company has provided a facility to its members to cast their vote electronically, through the e-
voting services provided by Central Depository Services (India) Limited (“CDSL”) on all the
resolutions set forth in this Notice. Members who have cast their votes by remote e-voting prior to
the AGM may also participate in the AGM through VC but shall not be entitled to cast their vote on
such resolutions again. The manner and process of e-voting remotely by members is provided in the
instructions for e-voting which forms part of this Notice.
18. Any person who becomes a member of the Company after sending the Notice and holding shares as
on the cut-off date may obtain the login ID and password by sending a request at
[email protected]. However, if a member is already registered with CDSL for remote
e-voting then he/she can use his/her existing User ID and password for casting the vote.
19. The Board of Directors has appointed Mr. Rahul Sharma (ACS No. 49967, CP No. 18610), Company
Secretary in Practice as the Scrutinizer to scrutinize the remote e-voting process and voting during
the AGM, in a fair and transparent manner.
20. The Scrutinizer shall immediately, after the conclusion of e-voting at the AGM, first count the votes
cast during the AGM, thereafter, unblock the votes cast through remote e-voting and make, not later
than 48 hours of conclusion of the AGM, a consolidated Scrutinizer’s Report of the total votes cast in
favour or against, if any, to the Chairman or a person authorized by him in writing, who shall
countersign the same.
21. The results declared along with the Scrutinizer’s Report shall be placed on the website of the
Company www.himalayafoodcompany.comand on the website of CDSL
www.evotingindia.comimmediately. The results will also be communicated to National Stock
Exchange of India Limited and BSE Limited, where the shares of the Company are listed.

Page 7
22. The Members can join the EGM/AGM in the VC/OAVM mode 15 minutes before and after the
scheduled time of the commencement of the Meeting by following the procedure mentioned in the
Notice. The facility of participation at the EGM/AGM through VC/OAVM will be made available to
atleast 1000 members on first come first served basis. This will not include large Shareholders
(Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key
Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration
Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend
theEGM/AGM without restriction on account of first come first served basis.
THE INTRUCTIONS OF SHAREHOLDERS FOR REMOTE E-VOTING ARE AS UNDER:
i) The remote e-voting period will commence on Monday, September 26, 2022 (IST 09:00 a.m.) and
will end on Wednesday, September 28, 2022 (IST 05:00 p.m.). During this period, members of the
Company, holding shares either in physical form or in dematerialized form, as on the cutoff date i.e.,
Thursday, September 22, 2022, may cast their vote by remote e-votingelectronically. The remote e-
voting module shall be disabled by CDSL for voting thereafter. Once the vote on a resolution is cast
by the member, the member shall not be allowed to change it subsequently. The voting rights of
members shall be in proportion to their shares in the paid-up equity share capital of the Company as
on the cut-off date i.e., Thursday, September 22, 2022.
ii) Shareholders who have already voted prior to the meeting date would not be entitled to vote at the
meeting venue.
iii) In terms of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020 on

e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat
mode are allowed to vote through their demat account maintained with Depositories and Depository
Participants. Shareholders are advised to update their mobile numberand email Id in their demat
accounts in order to access e-Voting facility.
Pursua814nt to abovesaid SEBI Circular, Login method for e-Voting and joining virtual meetings for
Individual shareholders holding securities in Demat mode is given below:
Type of shareholders Login Method
Individual 1) Users who have opted for CDSL Easi / Easiest facility, can login through their existing
Shareholders holding user id and password. Option will be made available to reach e-Voting page without
securities in Demat any further authentication. The URL for users to login to Easi / Easiest
mode with CDSL arehttps://web.cdslindia.com/myeasi/home/login or visit www.cdslindia.com and
click on Login icon and select New System Myeasi.
2) After successful login the Easi / Easiest user will be able to see the e-Voting option for
eligible companies where the e-voting is in progress as per the information provided
by company. On clicking the e-voting option, the user will be able to see e-Voting page
of the e-Voting service provider for casting your vote during the remote e-Voting
period or joining virtual meeting & voting during the meeting. Additionally, there is
also links provided to access the system of all e-Voting Service Providers i.e.
CDSL/NSDL/KARVY/LINKINTIME, so that the user can visit the e-Voting service
providers’ website directly.
3) If the user is not registered for Easi/Easiest, option to register is available at

https://web.cdslindia.com/myeasi/Registration/EasiRegistration
4) Alternatively, the user can directly access e-Voting page by providing Demat Account
Number and PAN No. from a e-Voting link available on www.cdslindia.com home
pageor click on https://evoting.cdslindia.com/Evoting/EvotingLogin. The system will
authenticate the user by sending OTP on registered Mobile & Email as recorded in the
Demat Account. After successful authentication, user will be able to see the e-Voting
option where the e-voting is in progress and also able to directly access the system of
all e-Voting Service Providers.

Page 8
Individual 1) If you are already registered for NSDL IDeAS facility, please visit the e-Services website
Shareholders holding of NSDL. Open web browser by typing the following URL: https://eservices.nsdl.com
securities in demat either on a Personal Computer or on a mobile. Once the home page of e-Services is
mode with NSDL
launched, click on the “Beneficial Owner” icon under “Login” which is available under
‘IDeAS’ section. A new screen will open. You will have to enter your User ID and
Password. After successful authentication, you will be able to see e-Voting services.
Click on “Access to e-Voting” under e-Voting services and you will be able to see e-
Voting page. Click on company name or e-Voting service provider name and you will
be re-directed to e-Voting service provider website for casting your vote during the
remote e-Voting period or joining virtual meeting & voting during the meeting.
2) If the user is not registered for IDeAS e-Services, option to register is available at
https://eservices.nsdl.com. Select “Register Online for IDeAS “Portal or click at
https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp
3) Visit the e-Voting website of NSDL. Open web browser by typing the following URL:
https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once
the home page of e-Voting system is launched, click on the icon “Login” which is
available under ‘Shareholder/Member’ section. A new screen will open. You will have
to enter your User ID (i.e. your sixteen digit demat account number hold with NSDL),
Password/OTP and a Verification Code as shown on the screen. After successful
authentication, you will be redirected to NSDL Depository site wherein you can see e-
Voting page. Click on company name or e-Voting service provider name and you will
be redirected to e-Voting service provider website for casting your vote during the
remote e-Voting period or joining virtual meeting & voting during the meeting.
(holding securities in After Successful login, you will be able to see e-Voting option. Once you click on e-Voting
demat mode) login option, you will be redirected to NSDL/CDSL Depository site after successful
through their Depository authentication, wherein you can see e-Voting feature. Click on company name or e-Voting
Participants service provider name and you will be redirected to e-Voting service provider website for
casting your vote during the remote e-Voting period or joining virtual meeting & voting
during the meeting.
Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget
User ID and Forget Password option available at abovementioned website.
Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues
related to login through Depository i.e. CDSL and NSDL
Login type Helpdesk details

Individual Shareholders holding Members facing any technical issue in login can contact CDSL helpdesk by
securities in Demat mode with CDSL sending a request at [email protected] contact at toll free
no. 1800 22 55 33
Individual Shareholders holding Members facing any technical issue in login can contact NSDL helpdesk by
securities in Demat mode with NSDL sending a request at [email protected] or call at toll free no.: 1800 1020
990 and 1800 22 44 30
iv) Login method for e-Voting and joining virtual meetings for Physical shareholders and
shareholders other than individual holding in Demat form.
1) The shareholders should log on to the e-voting website www.evotingindia.com.

2) Click on “Shareholders” module.
3) Now enter your User ID
a) For CDSL: 16 digits beneficiary ID,
b) For NSDL: 8 Character DP ID followed by 8 Digits Client ID,

Page 9
c) Shareholders holding shares in Physical Form should enter Folio Number registered with the
Company.
4) Next enter the Image Verification as displayed and Click on Login.

5) If you are holding shares in demat form and had logged on to www.evotingindia.com and voted
on an earlier e-voting ofany company, then your existing password is to be used.
6) If you are a first-time user follow the steps given below:
For Physical shareholders and other than individual shareholders holding shares in
Demat
PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable for
both demat shareholders as well as physical shareholders)
 Shareholders who have not updated their PAN with the Company/Depository
Participant are requested to use the sequence number sent by Company/RTA or
contact Company/RTA.
Dividend Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded in
Bank your demat account or in the company records in order to login.
Details  If both the details are not recorded with the depository or company, please enter the
OR Date of member id / folio number in the Dividend Bank details field as mentioned in
Birth (DOB) instruction (3).
v) After entering these details appropriately, click on “SUBMIT” tab.
vi) Shareholders holding shares in physical form will then directly reach the Company selection screen.
However, shareholders holding shares in demat form will now reach ‘Password Creation’ menu
wherein they are required to mandatorily enter their login password in the new password field.
Kindly note that this password is to be also used by the demat holders for voting for resolutions of
any other company on which they are eligible to vote, provided that company opts for e-voting
through CDSL platform. It is strongly recommended not to share your password with any other
person and take utmost care to keep your password confidential.
vii) For shareholders holding shares in physical form, the details can be used only for e-voting on the
resolutions contained in this Notice.
viii) Click on the EVSN of the Company for which you wish tovote.
ix) On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option
“YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent
to the Resolution and option NO implies that you dissent to the Resolution.
x) Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.
xi) After selecting the resolution, you have decided to vote on, click on “SUBMIT”. A confirmation box
will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on
“CANCEL” and accordingly modify your vote.
xii) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.
xiii) You can also take a print of the votes cast by clicking on “Click here to print” option on the Voting
page.
xiv) If a demat account holder has forgotten the login password then Enter the User ID and the image
verification code and click on Forgot Password & enter the details as prompted by the system.
xv) Facility for Non – Individual Shareholders and Custodians –For Remote Voting
 Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodians are
required to log on to www.evotingindia.com and register themselves in the “Corporates”
module.

Page 10
 A scanned copy of the Registration Form bearing the stamp and sign of the entity should be
emailed to [email protected].
 After receiving the login details a Compliance User should be created using the admin login
and password. The Compliance User would be able to link the account(s) for which they
wish to vote on.
 The list of accounts linked in the login should be mailed to [email protected]

and on approval of the accounts they would be able to cast their vote.
 A scanned copy of the Board Resolution and Power of Attorney (POA) which they have
issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for
the scrutinizer to verify the same.
 Alternatively Non Individual shareholders are required to send the relevant Board
Resolution/ Authority letter etc. together with attested specimen signature of the duly
authorized signatory who are authorized to vote, to the Scrutinizer and to the Company at
the email address viz; [email protected], if they have voted from individual
tab & not uploaded same in the CDSL e-voting system for the scrutinizer to verify the same.
INSTRUCTIONS FOR SHAREHOLDERS ATTENDING THE AGM THROUGH VC/OAVM & E-VOTING
DURING MEETING ARE AS UNDER:
1. The procedure for attending meeting & e-Voting on the day of the AGM is same as the instructions
mentioned above for e-voting.
2. The link for VC/OAVM to attend meeting will be available where the EVSN of Company will be
displayed after successful login as per the instructions mentioned above for e-voting.
3. Shareholders who have voted through Remote e-Voting will be eligible to attend the meeting.
However, they will not be eligible to vote at the AGM.
4. Shareholders are encouraged to join the Meeting through Laptops / IPads for better experience.
5. Further shareholders will be required to allow Camera and use Internet with a good speed to avoid
any disturbance during the meeting.
6. Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop
connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their
respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to mitigate
any kind of aforesaid glitches.
7. Shareholders who would like to express their views/ask questions during the meeting may register
themselves as a speaker by sending their request in advance atleast 3 (three) days prior to meeting
mentioning their name, demat account number/folio number, email id, mobile number at
[email protected]. The shareholders who do not wish to speak during the AGM but
have queries may send their queries in advance 3 (three) days prior to meeting mentioning their
name, demat account number/folio number, email id, mobile number at
[email protected]. These queries will be repliedto by the company suitably by email.
8. Those shareholders who have registered themselves as a speaker will only be allowed to express
their views/ask questions during the meeting.
9. Only those shareholders, who are present in the AGM through VC/OAVM facility and have not casted
their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so,
shall be eligible to vote through e-Voting system available during the AGM.
10. If any Votes are cast by the shareholders through the e-voting available during the AGM and if the
same shareholders have not participated in the meeting through VC/OAVM facility, then the votes
cast by such shareholders shall be considered invalid as the facility of e-voting during the meeting is
available only to the shareholders attending the meeting.

Page 11
PROCESS FOR THOSE SHAREHOLDERS WHOSE EMAIL/MOBILE NO. ARE NOT REGISTERED
WITH THE COMPANY/DEPOSITORIES:
1. For Physical shareholders- please provide necessary details like Folio No., Name of shareholder,
scanned copy of the share certificate (front and back), PAN (self-attested scanned copy of PAN
card), AADHAR (self-attested scanned copy of Aadhar Card) by email to Company/RTA email id.
2. For Demat shareholders -, Please update your email id & mobile no. with your respective
Depository Participant (DP)
3. For Individual Demat shareholders – Please update your email id & mobile no. with your respective
Depository Participant (DP) which is mandatory while e-Voting & joining virtual meetings through
Depository.
If you have any queries or issues regarding attending AGM & e-Voting from the CDSL e-Voting
System, you can write an email to [email protected] or contact at 022-23058738
and 022-23058542/43.
All grievances connected with the facility for voting by electronic means may be addressed to
Mr.RakeshDalvi, Sr. Manager, (CDSL, ) Central Depository Services (India) Limited, A Wing, 25th
Floor, Marathon Futurex, Mafatlal Mill Compounds, N M Joshi Marg, Lower Parel (East), Mumbai -
400013 or send an email to [email protected] or call on 022-23058542/43.
Place: Delhi By order of the Board of Directors

Date: 13/08/2022 Himalaya Food International Limited
Sd/-
ManMohanMalik
Managing Director
EXPLANATORYSTATEMENTINRESPECTOFTHESPECIALBUSINESSPURSUANTTOSECTION102OFTHECOMPAN
IESACT2013
ITEMNo.3
The Board explored various options to liquidate debt especially to overdue creditors & unsecured lenders and
proposed to issue shares / warrants against the overdue credit amounts of certain Vendors & unsecured lenders
by way of issue of Equity shares and warrants convertible into equity shares on preferential basis, for the purpose
as detailed below.
The board of directors of the Company (“Board”) in their meeting held on September 02, 2022 subject to necessary
approval(s), have approved the proposal for converting overdues of creditors by way of issue of 24,61,539
(Twenty four Lacs Sixty one Thousand five Hundred Thirty Nine) Equity shares having face value of Rs. 10/- each
at a price of Rs. 21.20/- per share at a premium of Rs. 11.20/- per share aggregating to Rs. 5,21,84,627/- (Rupees
Five Crore Twenty One Lakh Eighty Four Thousand Six Hundred Twenty Seve only) and upto 18,46,154 partially
paid up warrant adjusting the balance amount of Rs 1,89,04,451 ; balance due after allotment of 24,61,539 fully
paid shares to M/s. Doon Valley Foods Private Limited on preferential basis at Rs 21.20 per warrant as per the
price computed under SEBI guidelines in pursuant to Section 42 and Section 62 of Companies Act 2013 and SEBI
(Issue of Capital and Disclosure Requirements) Regulations 2009. The balance due amount of Rs 1,89,04,451 is
being adjusted against 18,46,154 warrants and constitutes 48.30% of the full amount. The balance amount of Rs
2,02,34,014 against warrants allotted at Rs 21.20 is payable in 18 months from the date of allotment.
In terms of Section 62(1)(c) read with section 42 of the Companies Act, 2013 and Rules made thereunder (the
‘Act’), and in accordance with the provisions of Chapter V “Preferential Issue” of the SEBI (ICDR) Regulations as
amended, and on the terms and conditions and formalities as stipulated in the Act and the SEBI (ICDR)
Regulations, the Preferential Issue requires approval of the Members by way of a special resolution. The Board
therefore, seeks approval of the Members as set out in the notice, by way of a special resolution.

Page 12
The following disclosures for the issue of equity shares and warrants on preferential basis are made in accordance
with the provisions of Section 62 and The Companies (Prospectus and Allotment of Securities) Rules, 2014 and
SEBI (ICDR) Regulations:
1. The objects of the preferential issue: The Company shall reduce the debt and eliminate pressure for payments
by the long overdue operational creditors & unsecured lenders for smooth operations and shall be focussed to
clear OTS payment to secured lenders and to legal dues.
2. The total number of shares or other securities to be issued:
issue of 24,61,539 (Twenty four Lacs Sixty one Thousand five Hundred Thirty Nine) Equity shares having face
value of Rs. 10/- each at a price of Rs. 21.20/- per share at a premium of Rs. 11.20/- per share aggregating to Rs.
5,21,84,627/- (Rupees Five Crore Twenty One Lakh Eighty Four Thousand Six Hundred Twenty Seve only) and
upto 18,46,154 partially paid up warrant adjusting the balance amount of Rs 1,89,04,451 ; balance due after
allotment of 24,61,539 fully paid shares to M/s. Doon Valley Foods Private Limited on preferential basis at Rs
21.20 per warrant as per the price computed under SEBI guidelines in pursuant to Section 42 and Section 62 of
Companies Act 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009. The balance due
amount of Rs 1,89,04,451 is being adjusted against 18,46,154 warrants and constitutes 48.30% of the full amount.
to Doon Valley Foods Pvt Ltd, Promoter of the Company (“proposed allottee”)in such form and manner and in
accordance with the provisions of SEBI (ICDR) Regulations.
3. The price or price band at which the allotment is proposed:

The issue price is Rs. 21.20/- per share and Equity warrants provided that the minimum price of equity shares so
issued shall not be less than the price arrived at, in accordance with Chapter V of the SEBI (ICDR) Regulations.
4. Basis on which price has been arrived:
The equity shares of Company are listed on Stock Exchange viz. BSE Limited and National Stock Exchange of India
Limited and are frequently traded in accordance with the SEBI (ICDR) Regulations.
In terms of the applicable provisions of SEBI (ICDR) Regulations the price at which equity shares shall be allotted
shall not be less than higher of the following:
(a) Average of the weekly high and low of the volume weighted average price of the equity shares of the
Company quoted on the Stock Exchange, during the Twenty Six (26) weeks preceding the Relevant Date; or
(b) Average of the weekly high and low of the volume weighted average price of the equity shares of the
Company quoted on the Stock Exchange, during the Two (2) weeks preceding the Relevant Date.
The higher minimum issue price arrived at after calculating in the aforesaid manner has been considered as
minimum issue price for the issue of Equity Shares and warrants.
5. The relevant date on the basis of which price has been arrived at:
The Relevant Date is 30th August 2022 i.e. 30 days prior to the date of Annual General Meeting.
6. Number of persons to whom allotment on preferential basis have already been made during the year, in
terms of number of securities as well as price:
No allotment(s) has been made on a preferential basis from the beginning of the year to the date of issue of this
notice.
7. Identity of the Proposed Allottees, Percentage of post-issue capital in the issuer consequent to the
preferential allotment:
Sr. Pre-Issue No. Of Post Issue of No. OfPost Conversion of

Name Category
No Holding Share Equity Shares Warrants Equity Warrants
No. of % No. of % No. of %
Shares Shares Shares
Doon valley
Promoter
1. Foods Private 24,93,700 4.31 24,61,53949,55,239 7.92 18,46,154 68,01,393 10.56
Group
Limited

Page 13
8. Intention of promoters / directors / key managerial personnel to subscribe to the Preferential Allotment:
M/s Doon Valley Foods Pvt. Ltd., Promoter, is intending to participate/subscribe to the proposed issue and no
other directors or key managerial personnel of the Company are subscribing to this offer.
9. Proposed time limit within which the allotment shall be complete:
Under Regulation 170 of the SEBI (ICDR) Regulations, Preferential Allotment of the Equity Shares is required to
be completed within a period of 15 (fifteen) days from the date of passing of the special resolution of the
shareholders of the Company or within the statutory time limits prescribed by the regulatory authorities subject
to all the necessary approvals being in place. If any approval or permissions by any regulatory or statutory
authority or the Central Government for allotment is pending, the period of 15 (fifteen) days shall commence from
the date of such approval or permission being obtained.
10. Identity of the natural persons who are the ultimate beneficial owners of the shares proposed to be
allotted and/ or who ultimately control the proposed allottees, the percentage of post preferential issue
capital that may be held by them
Name & address of proposed Categor PAN No. Identity of ultimate beneficial owners
Allottees y
Doon Valley Foods Private Promot AACCD1490J 1. Man Mohan Malik
LimitedC/oHimalya International er 2. Sanjiv Kakkar
Limited, Village Shubhkhera
Paonta Sahib Sirmaur HP
173025IN
11. Change in control, if any in the Company that would occur consequent to the preferential offer:
There shall be no change in the management or control of the Company pursuant to the aforesaid issue and
allotment of Equity Shares & Equity Warrants and including the conversion thereof into Equity Shares of the
Company.
12. Lock-In Period:
The Equity Shares issued and Equity Shares being allotted pursuant to exercise of such warrants shall be subject
to a Lock-in for such period as specified under Regulation 167 of the SEBI (ICDR) Regulations.
13. The Shareholding Pattern of the Company before and after the allotment of securities under the
preferential issue:
Post Issue Capital After Issue Of Post Issue Capital After Issue
Pre Issue Capital
Equity Shares Of Warrants
Sr. No. of
Category % No. of shares held % No. of shares held %
No. shares held
A. Promoters holding
1 Promoters
- Indian
2,43,77,707 42.12 2,72,70,016 43.61 2,91,16,170 45.22
Promoters
- Foreign
48,68,778 8.42 48,68,778 7.79 48,68,778 7.56
Promoters
Persons
2 acting in 0 0 0 0 0 0
concert
Sub – Total 2,92,46,485 50.54 3,21,38,794 51.4 3,39,84,948 52.78
B. Non-Promoters Holding
Instituti
onal
3 - - - - -
Investor
s -

Page 14
Mutual
a. Funds 0 0.00 - 0.00 0.00
and UTI 0
Banks,
Financial
Institutio
ns,
Insuranc
e
Compani
es
b. (Central 0 0 0 0 0 0
/State
Gov.
Institutio
ns/ Non-
Governm
ent
Institutio
ns)
c. FIIs 0 0 - 0 0 0
Sub – Total 0 0 0 0 0 0
4 Others
Private
a. Corporat 30,80,590 5.32 30,80,590 4.92 3080590 4.78
e Bodies
Indian
b. 2,32,65,147 40.21 2,50,37,459 40.04 2,50,37,459 38.88
Public
NRIs/OC
c. 7,99,751 1.38 7,99,751 1.27 799751 1.24
Bs
Any
other
d. (Please 13,62,430 2.35 13,62,430 2.18 13,62,430 2.17
specify)
HUF
e. Trust 0 0.00 0 0.00 0.00 0
Clearing
f. Member 1,18,481 0.2 1,18,481 0.19 118481 0.18
s
Sub – Total 2,86,26,399 49.46 3,03,98,711 48.6 3,03,98,711 47.26
GRAND – TOTAL 5,78,72,884 100 6,25,37,505 100 6,43,83,659 100
14. Requirements as to re-computation of price:

Since the Equity Shares of the Company have been listed on the stock exchanges for a period of more than twenty
six weeks prior to the Relevant Date, the Company is neither required to re-compute the price of the equity shares
nor to submit undertakings specified under relevant provisions of SEBI (ICDR) Regulations.
15. Listing:
The Company will make an application to the Stock Exchanges at which the existing shares are already listed, for
listing of the equity shares being issued and equity shares that will be issued on conversion of Equity Warrants.
Such Equity Shares, once allotted, shall rank paripassu with the existing equity shares of the Company in all
respects, including dividend.
16. Statutory Auditor Certificate:
M/s Sharma Kumar & Associates Chartered Accountants, Delhi, the Statutory Auditors of the Company has
certified that the preferential issue is being made in accordance with the requirements contained in SEBI (ICDR)
Regulations, 2018. A copy of the certificate is kept for inspection at the Registered Office of the Company during
the business hours.

Page 15
17. Other Disclosures/Undertaking: The Company hereby undertakes that:
i. Neither our Company, nor our Directors or Promoters have been identified as wilful defaulters by any
bank or financial institution or consortium thereof, in accordance with the guidelines on wilful defaulters
issued by the RBI.
ii. The Proposed Allottee has not sold any equity shares during the six months preceding the Relevant Date.
18. Shareholder’s Consent:
The approval of the Members by way of Special Resolution is required in term of the applicable provisions of
Sections 23, 42 and 62 of the Act read with applicable rules thereto and relevant provisions of the SEBI (ICDR)
Regulations and accordingly the approval of the Members of the Company is being sought.
The Board of Directors of the Company believe that the proposed issue is in the best interest of the Company and
its Members and therefore recommends the Special Resolutions as set out Item No. 5 & 6 in the accompanying
notice for your approval.
None of the Directors or any Key Managerial Personnel(s) of the Company or their respective relatives, other than
Mr. Man Mohan Malik, Chairman & Managing Director are concerned or interested financially or otherwise, either
directly or indirectly in passing of the said Resolution, save and except to the extent of their respective interest as
shareholders of the Company.
4. EXPLANATORY STATEMENT PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013
ANNEXED TO THE NOTICE DATED JANUARY 11, 2021.
The present Authorised Share Capital of the Company is Rs. 75,00,00,000 (Rupees Seventy-Five crore)
comprising of 7,50,00,000(In Seven Crores Fifty Lac only)) Equity Shares of Rs.10/- each. Considering the
increased fund requirements of the Company,
the Board at its Meeting held on 02nd September, 2022, had accorded its approval for increasing the Authorised
Share Capital from Rs. hereby accorded to increase the Authorized Share Capital of the Company from Rs.
75,00,00,000/- (In Rupees Seventy-Five Crores only) divided into 7,50,00,000(In Seven Crores Fifty Lac only)
equity shares of Rs. 10/- (In Rupees ten only) each to Rs. 1,000,000,000 /- (In One Hundred Crores only) divided
into 10,00,00,000 (In Ten Crores words only) equity shares of Rs. 10/- (In ten Rupees only) each by the creation
of additional 2,50,00,000(Twenty Crores Fifty Lacs only) equity shares of Rs. 10/- (In ten Rupees only) each
ranking pari passu with the existing Equity Shares in all respects as per the Memorandum and Articles of
Association of the Company.
Consequently, Clause V of the Memorandum of Association would also require alteration so as to reflect the
changed Authorised Share Capital. The proposal for increase in Authorised Share Capital and amendment of
Memorandum of Association of the Company requires approval of members at a general meeting. A copy of the
Memorandum of Association of the Company duly amended will be available for inspection in the manner
provided in the note no. 8 to this Notice. None of the Directors or Key Managerial Personnel of the Company or
their respective relatives, are in any way concerned or interested, financially or otherwise in the said resolution.
The consent of the members is, therefore, being sought for passing the aforesaid resolution of the notice as an
Ordinary Resolution.
Place: Delhi By order of the Board of Directors

Date:13.08.2022 Himalaya Food International Limited
Sd/-
Man Mohan Malik
Managing Director

Page 16
Annexure–A
Additional information on directors recommended for re-appointment in the forthcoming Annual General Meeting in
pursuance of Regulation 26 (4) and 36 (3) of the SEBI (Listing Obligations and Disclosure requirements) Regulations,
2015 and Secretarial Standard-2 issued by the Institute of Company Secretaries of India asunder:
NameoftheDirector Mr. Sanjiv Kumar Kakkar Mr. Surendra Kumar Kaushik
DateofBirth& Age November 17,1957 January 08,1947

65Years 75 Years
DIN 02434426 05286196
Qualification He is Merchant Navy Engineer He is Bachelor of Science in Agriculture
Terms and Conditions of Executive Director, liable to retire by Non-Executive Independent Director,not
appointment/reappointment rotation. liable to retire by rotation.
30 year experience in marketing. He is Mr. Kaushik, have very rich experience
Experience &Expertise promoter director of the company. He of more than 37 years in the Banking
looks the US Marketing of the company. field. He retired as Chief GAD at Head
Office PNB, New Delhi, and thereafter
has been a Non-Executive Director of
the Company. Mr. Kaushik was also
have years of experience in the field of
inspection of various industrial units as
Chief Inspector General Administration.
Date of first appointment 28/10/2017 22/01/2018

ontheBoard
Shareholding in 3016500 NIL
the company
Relationship with Mr. Sanjiv Kumar Kakkar is Brother-in- NIL
other Directors, law of Mrs. Sangita Malik
Manager and other
Key Managerial
Personnel of the company
Number of Board 4(Four) 4(Four)
Meetings attended
during the year
Other Directorships, Currently Mr. Sanjiv Kumar Kakkar hold Currently Mr. Surendra Kumar Kaushik
Membership/ Directorship in the following Companies hold Directorship in the following
Chairmanship of Companies
Committees of other  Doon Valley Foods Private Limited
Boards  A.P.J Laboratories limited  Financial Inclusion Network
 Himalaya Carbonates Pvt Ltd Bizcord

Page 17
DIRECTORS’REPORT
To
The Members,
Himalaya Food International Limited
Your Directors have pleasure in submitting their Annual Report of the Company together with the Audited Financial
Statement for the year ended 31stMarch, 2022.
1. GENERALINFORMATION
The Company was incorporated on 30/01/1992. The Company is engaged in the business of Growing of different
type of mushrooms (agriculture Activity) and manufacturing & export of nutrition dense immunity boosting
Mushroom based products, Cheese, Sweets and Appetizers. Company utilized its Covid lockdown period to develop
high valued medicinal Mushrooms like Reishi. We are pursuing to establish Franchisee business spanning three
modules as Distribution Hubs, Exclusive Stores & Quick Service food Vans.
2. FINANCIALRESULTS
TheCompany’sfinancialperformancefortheyearalongwithpreviousyear’sfiguresisgivenhereunder:
(Rs.inLacs)
Particulars Financial Year Financial Year
ended31.03.2022 ended31.03.2021
IncomefromOperation 6259 5636

OtherIncome 291 188
ProfitbeforeFinancecost,DepreciationandTaxes 1846 1191
FinanceCost 35 23
Depreciation 674 1046
Profit/(Loss)beforeExceptionalItemsandTax 1137 122
Less:ProvisionforW/oofClaims 0 0
Profit/(Loss)beforeTax 9492 122
DeferredTax(Assets)/Liability 0 (130)
Profit/(Loss)fortheyear 9492 252
3. RESULTSOFOPERATIONSANDSTATEOFCOMPANY’SAFFAIRS
During the year under review, the total income from operation of your Company was Rs. 6259 Lacs as compared to
Rs. 5636 Lacs in the previous year. The net profit of the company for the current financial year is of Rs. 9492Lacs as
compared to profit 252 Lacs in the previous year. The Company tries to extend the business of the Company and
make efforts to achieve a good turnover in future.
4. DIVIDEND
With the view to conserve the resources of company the directors are not recommending any dividend for the
financial year 2021-22.
5. TRANSFERTORESERVE
The Company has not transferred any amount to reserves.
6. TRANSFEROFUNCLAIMEDDIVIDENDTOINVESTOREDUCATIONANDPROTECTIONFUND
The Company was not required to transfer any amount to Investor Education and Protection Fund as there was no
amount due for transfer under Section 125(2) of the Companies Act, 2013.

Page 18
7. COMPOSITION OF BOARD OF DIRECTORS
During the year the Board of Directors consist of as hereunder:
Name Designation DIN Date Date

ofAppointment ofResignation
Man Mohan Malik Managing Director & Chairman 00696077 30/01/1992 -
Sangita Malik Whole Time Director 02428506 30/07/2007 -
Sanjiv Kumar Kakkar Executive Director 02434426 28/10/2017 -

Sunil Kumar Khera Non- Executive & Independent 00263581 30/10/2004 -
Director
Surendra Kumar Kaushik Non-Executive &Independent 05286196 22/01/2018 -
Director
Neelam Khanna Non- Executive & Independent 08332836 16/01/2019 -
Director
Mr Sanjiv Kumar Kakkar (DIN: 02434426), Executive Director of the Company shall be retire by rotation atthe ensuing
Annual General Meeting and being eligible, offers themselves for re appointment. Your Directors have recommended his
re-appointment. Brief profile of Mr. Sanjiv Kumar Kakkar is given in the Annexure –A of AGM Notice.
8. NUMBEROFBOARDMEETINGSCONDUCTEDDURINGTHEYEAR
The Company had four Board meetings during the financial year under review.
S.No. Dateofmeeting Total No. of Directors on No.of %

theDateofMeeting Directors ofAttendan
attended ce
1 12/06/2021 6 5 83.33
2 14/08/2021 6 4 66.67
3 13/11/2021 6 6 100
4 09/02/2021 6 4 66.67
9. AUDITCOMMITTEE
The Audit Committee during the year consisted of 4 members:-

1. Mr. Sunil Kumar Kherra
2. Mr. Surendra Kumar Kaushik
3. Mrs. Neelam Khanna
4. Mr. Man Mohan Malik
More details on the committee are given in Corporate Governance Report.
10. NOMINATIONANDREMUNERATIONCOMMITTEE
The Nomination and Remuneration Committee during the year consist of 3 members:-
1. Mr. Sunil Kumar Kherra
2. Mr. Surendra Kumar Kaushik
3. Mrs. Neelam Khanna
More details on the committee are given in Corporate Governance Report.
11. CONSERVATIONOFENERGY,TECHNOLOGYABSORPTION ,FOREIGN EXCHANGEEARNINGSANDOUTGO
The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as
follows:

Page 19
A. CONSERVATIONOFENERGY:
The information required under the provisions of section 134(3)(m)of the Companies Act,2013read with Rule8(3) of
the Companies (Accounts) Rules, 2014 relating to the conservation of energy and technology absorption. The
Company makes continuous efforts to explore new technologies and techniques to make the infrastructure
moreenergyefficient.TheoperationsoftheCompanyarenotenergyintensive.Companyuseagrowastetofireboilers.
B. FOREIGN EXCHANGE EARNINGS AND OUTGO:
Particulars(AccrualBasis) Amount(InLaks)
In flow foreign Exchange 3412
Out flow foreign Exchange NIL
12. PARTICULARSOFLOANSGIVEN,INVESTMENTSMADE,GUARANTEESGIVENANDSECURITIESPROVIDEDUNDE
RSECTION 186 OFTHECOMPANIES ACT,2013
There were no loans, guarantees or investments made by the Company under Section186 of the Companies Act, 2013
during the year and hence the said provision is not applicable.
13. PARTICULARSOFCONTRACTSORARRANGEMENTSMADEWITHRELATEDPARTIES
The particulars of contracts or arrangements entered into by the Company with related parties referred to in sub-
section (1) of section 188 of the Companies Act, 2013 including certain arm’s length transactions under the proviso
there to have been disclosed in FormNo.AOC-2, annexed.
14. AUDITORSANDAUDITREPORT
a. STATUTORYAUDITORS:
M/s Sharma Kumar & Associates, Chartered Accountants (ICAI Firm Registration Number 030842N), were appointed
as the Statutory Auditors of the Company to hold office for a term of 5 years from the conclusion of the 29th Annual
General Meeting ("AGM") held on 30th September, 2020 until the conclusion of the 34th AGM of the Company to be
held in the year 2025.
Pursuant to the Notification issued by the Ministry of Corporate Affairs on 7th May, 2018, amending Section 139 of
the Companies Act, 2013, the mandatory requirement for ratification of appointment of Auditors by the Members at
every AGM has been omitted and hence your Company has not proposed ratification of appointment of M/s Sharma
Kumar & Associates, Chartered Accountants, at the forthcoming AGM.
b. AUDITORSREPORT:
There are no observations (including any qualification, reservation, adverse remark or disclaimer) of the Auditors in
their Audit Report that may call for any explanation under section 134(3) (f) of the Companies Act, 2013 from the
Directors. Further, the notes to accounts referred to in the Auditors Report are self-explanatory.
c. SECRETARIALAUDITOR
Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, the Company with the approval of its Board, appointed M/s
RBS & Co.a firm of Company Secretaries in Practice to undertake the Secretarial Audit of the Company for the
financial year ended March31,2022. The Secretarial Audit Report is annexed here with as Annexure.
There are no qualifications, reservation or adverse remark or disclaimer made by the auditor in the report save and
except disclaimer made by them in discharge of their professional obligation.

Page 20
d. INTERNALAUDITORS
The Board has appointed Grownumero Advisors Pvt. Ltd., Chartered Accountants Faridabad as Internal Auditors
for a period of one year under Section 138 of the Companies Act, 2013 and he has completed the internal audit as per
the scope defined by the Audit Committee.
15. EXTRACTANNUALRETURN
The extracts of Annual Return pursuant to the provisions of Section92 read with Rule12 of the
Companies(Management and administration) Rules, 2014 is furnished in Form MGT-9 is attached to this
Report.(Annexure-1).Copy of Annual Return can be found on our Website: www.himalayafoodcompany.com
16. DIRECTORSRESPONSIBILITYSTATEMENT
Pursuant to Section 134(5) of the Companies Act, 2013, your Directors, based on representations received from the
Operating Management, and after due enquiry, confirm that:
(a) in the preparation of Annual Accounts for the financial year ended 31st March, 2022, the applicable accounting
standards have been followed;
(b) in the selection of accounting policies, consulted the Statutory Auditors and applied them consistently, and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of
theCompany as at 31st March, 2022 and of the profit of the Company for the year ended on that date;
(c) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance
with theprovisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and
detecting fraud and irregularities;;
(d) the Annual Accounts have been prepared on a going concern basis;
(e) adequate Internal Financial Controls to be followed by the Company have been laid down and such Internal
FinancialControls were operating effectively during the Financial Year ended 31st March, 2022;
(f) proper systems have been devised to ensure compliance with the provisions of all applicable laws and such
systems were adequate and operating effectively throughout the Financial Year ended 31st March, 2022.
17. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES
The Company has two Subsidiaries Himalya Green Apartments Ltd. And Appetizer and Snacks Foods Ltd. Also have one
Joint Venture with Himalya Simplot Pvt Ltd.
18. DEPOSITS
The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013, read with
the Companies (Acceptance of Deposits)Rules, 2014.
19. BOARDEVALUATION:
The performance valuation of the individual Directors including chairman of Board was done inaccordance with
The provision of the Company Act, 2013.
20. VIGILMECHANISM/WHISTLEBLOWERPOLICY
The Board has established a vigil mechanism for directors and employees to report genuine concerns to be disclosed, the
detail of which is placed on the website of the company. The Board has also formulated the whistle blower policy; same
has been uploaded on the website of the
companyhttps://cdn.shopify.com/s/files/1/2290/3477/files/Vigil_Mechanism_cum_Whistle-Blower-Policy.pdf
There was no reporting made by any employee for violations of applicable laws and regulations and the Code of
Conduct for the F. Y. 2021-22.

Page 21
21. CORPORATE SOCIAL RESPONSIBILITY (CSR):
As per Section 135 of the Companies Act, 2013, The net profit of the financial year 2021-22 is 95.24 crore (more than
five crore ) but the amount to be spent by a company on CSR activities is in negative because Company have profits of
Rs. 252 Lakhs in FY 20-21 and Rs. 992 Lakhs in FY 2019-20 and Net loss 6954 Lakhs in FY 2018-19.Therefore no
amount spent on CSR activates.
The Companies (Amendment) Act has also inserted a new Sub-section 9 in Section 135 of the Companies Act, which
provides that where the amount to be spent by a company on CSR activities is less than Rs. 5 million, the requirement
with respect to constitution of a CSR committee will not apply and the functions of the CSR committee in such cases
will be discharged by the company's board of directors.So the requirement with respect to constitution of a CSR
committee was not applied and the functions of the CSR committee discharged by the company's board of directors.
22. MANAGERIALREMUNERATION
None of the employees of the company was in receipt of the remuneration exceeding the Appointment and
Remuneration of Managerial Personnel of the Companies Act, 2013 limits prescribed u/s 197 (12) read withrule5,
sub-rule2 of The Companies during the year under review.
The Company does not have any material information to report in accordance to Rule 5, of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014.
23. SHARECAPITAL
The Company has 57872884 Equity Shares of Rs.10 each amounting to Rs.578728840, during the year under review;
the Company has not issued any shares or any convertible instruments.
The Company has only one class of Equity Share having a par value of Rs. 10/-each holder of share is entitled to on
evote per share with same rights.
During the Year 2021-22, the company has not made any issue of equity shares with differential voting rights, Sweat
Equity Shares and employee stock option.
The company has filed the application to BSE for principal approval for preferential issue but still in the processing.
24. INTERNALFINANCIALCONTROL
The Company has proper place and adequate internal control systems commensurate with the nature of its business,
and size and complexity of its operations. Internal control systems comprising of policies and procedures are
designed to ensure reliability of financial reporting, timely feedback on achievement of operational and strategic
goals, compliance with policies, procedure, applicable laws and regulations, and all assets and resources are acquired
economically, used efficiently and adequately protected.
The Company periodically conducts physical verification of inventory, fixed assets and cash on hand and matches
them with the books of account. Explanations are sought for any variance noticed from the respective functional
heads.
25. STATEMENTCONCERNINGDEVELOPMENTANDIMPLEMENTATION OF
RISKMANAGEMENTPOLICYOFTHECOMPANY
Pursuant to Section 134(3)(n) of the Act read with Regulation 17 (9)(b) of the Listing Regulations, the Company has
in place risk management framework which identifies and evaluates business risks and opportunities. The Company
recognizes that these risks need to be managed and mitigated to protect the interest of the shareholders and
stakeholders, to achieve business objectives and enable sustainable growth. The risk management framework is
aimed at effectively mitigating the Company’s various business and operational risks, through strategic actions. Risk
management is embedded in our critical business activities, functions and processes. It also provides control
measures for risk and future action plans. The policy may be accessed under the ‘Policies and Procedures’ section on
the website of the Company at the web link
https://cdn.shopify.com/s/files/1/2290/3477/files/Risk_Management_Policy.pdf?v=1607146251

Page 22
26. MATERIALCHANGESANDCOMMITMENT
Other than stated elsewhere in this report, there are no material changes and commitments affecting the financial
position of the Company between the end of the financial year and the date of this report.
27. GENERAL INFORMATION PURSUANT TO SECTION 134(3) (q) READ WITH RULE 8(5) OF COMPANIES
(ACCOUNTS) RULES, 2014
Your Directors state that except as stated above no disclosure or reporting is required in respect of the following
items as there were no transactions on these items during the year:
1. The change in the nature of business, If any

2. Issue of equity shares with differential rights as to dividend, voting or otherwise.
3. No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going
concern status and Company’s operations in future.
28. CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION & ANALYSIS REPORTS
The Corporate Governance and Management Discussion & Analysis Report, which forms a part of this Report, are set
out separately together with the Certificate from the Auditors of the Company regarding compliance with the
requirements of Corporate Governance as stipulated in SEBI(LODR)Regulations,2015.
29. NUMBER OF CASES FILED (IF ANY), AND THEIR DISPOSAL U/S 22 OF THE SEXUAL
HARASSMENT OF WOMEN AT WORK PLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013.
The Company has zero tolerance towards any action on the part of any of its official, which may fall under the ambit
of ‘Sexual Harassment’ at workplace, and is fully committed to uphold and maintain the dignity of every women
employee of the Company. The Company’s Sexual Harassment Policy provides for protection against sexual
harassment of Women at work place and for Prevention and redressal of such complaints. During the financial year
no case of Sexual Harassment were reported.
30. MAINTENANCEOFCOSTRECORDS
The provisions of section 148 (1) of the Companies Act, 2013 for maintenance of cost records is not applicable to the
Company.
31. ACKNOWLEDGEMENTS
Your Directors wish to express their grateful appreciation to the continued co-operation received from the Banks,
Government Authorities, Customers, Vendors and Shareholders during the year under review. Your Directors also
wish to place on record their deep sense of appreciation for the committed service of the Executives, staff and
Workers of the Company.
For and on behalf of the Board of Directors

Sd/-
MANMOHANMALIK
Date:13.08.2022 Chairman cum Managing Director
Place: Poanta Sahib DIN:00696077

Page 23
FormNo.MGT-9
[Pursuant to section92(3)of the CompaniesAct,2013 and rule12(1)of
the Companies (Management and Administration)Rules,2014]
EXTRACT OF ANNUAL RETURN

As on the financial year endedon31/03/2022
I. REGISTRATIONANDOTHERDETAILS:
CIN L70102DL1992PLC047399
Registration Date 30/01/1992
Name of the Company HIMALAYAFOODINTERNATIONALLIMITED
Category/Sub-Category of the Company Company Limited by Shares/Indian Non-Govt.
Company
Address of the Registered office and contact 118,1stFloor,12GagandeepBuilding,RajendraPl
details ace,NewDelhi-110008
PhoneNo.0170-4223494
EmailID:[email protected]
Whether Listed Company Yes/No Yes
Name, Address and Contact details of Registrar and Beetal Financial & Computer Services Pvt.
Transfer Agent, if any Ltd,BeetalHouse,3rdFloor,99,Madangir,BehindLSC
,NewDelhi-110062
Ph.011-29961281
E-mail:[email protected]
II. PRINCIPALBUSINESSACTIVITYOFTHECOMPANY
Allthebusinessactivitiescontributing10%ormoreofthetotalturnoverofthecompanyshallbestated:-
S. Name and Description of main products NIC Code of %to

No. /services theProduct/servi totalturnovero
ce fthe
Company
1 IQF Appetizer (Zucchini, Fries, Battered 1030
Mushroom, Meatless Balls, Veg Nuggets, Masala
Fry)
2 Canned Mushroom 1050 100
3 IQF Sweets (Milk Cake, Kaju Katli, Motichoor 1071
Ladoo, Mawaand etc.)
III. PARTICULARSOFHOLDING,SUBSIDIARYANDASSOCIATECOMPANIES
S. Name and Address CIN/GLN Holding/S % of Applicable

NO. oftheCompany ubsidiary sharesheld Section
/Associate
1. Appetizers And Snacks U15490DL2016P Subsidiary 100 2(87)
Foods Limited LC306438
2. Himalya Green U70109DL2016P Subsidiary 100 2(87)
Apartments Limited LC306441
30th Annual Report Year 2020-2021 Page 24

IV. SHAREHOLDINGPATTERN(EQUITYSHARECAPITALBREAKUPASPERCENTAGEOFTOTALEQUITY)
i) Category-wise Share Holding
Category of No. of Shares held at the beginning of No.ofSharesheldattheendofthe %

Shareholder The year 01/04/2021 year31/03/2022 Change
Demat Physical Total %of Demat Physical Total %of during
Total TotalSh the
Shares ares year
A.Promoters
(1)Indian
a)Individual/HUF 19165532 - 19165532 33.12 19165532 - 19165532 33.12 -
b)CentralGovt - - - - - - - - -
c)StateGovt(s) - - - - -
d)BodiesCorp. 5212175 - 5212175 9.006 5212175 - 5212175 9.0062 0.00
2
e)Banks/FI - - - - -
f)Anyother - - - - -
24377707 24377707 42.13 24377707 - 24377707 42.13 0.00
TOTALA1
(2)Foreign
a)NRI-Individual - - - - -
b)Other-Individual - - - - -
c)BodiesCorp. 4868778 - 4868778 8.41 4868778 - 4868778 8.41 -
d)Banks/FI -
e)AnyOthers -
TOTALA2 4868778 - 4868778 8.41 4868778 - 4868778 8.41 -
Total
29246485 - 29246485 50.54 29246485 - 29246485 50.54 0.00
shareholdingof
Promoter (A1)
&(A2)
B.Public
Shareholding
1.Institutions - - - - - - - - -
a)MutualFunds - - - - - - - - -
b)Banks/FI - - - - - - - - -
c)CentralGovt - - - - - - - - -
d)StateGovt(s) - - - - - - - - -
e)VentureCapital - - - - - - - - -
Funds
f)Insurance - - - - - - - - -
Companies
g)FIIs - - - - - - - - -
h)ForeignVenture - - - - - - - - -
i)Others(specify) - - - - - - - - -
Sub-total(B)(1):- - - - - - - - - -
2.Non-Institutions
a)BodiesCorp. - - - - - - - -
i)Indian - - - - - - - - -
ii)Overseas - - - - - - - - -
b)Individuals - - - - - - - - -
i)Individual
shareholders
30th Annual Report Year 2020-2021 Page 25

holding 13171852 1095432 14267284 24.65 14783964 1369583 28479796 49.21 2.86
nominalsharecapi 2
talupto
Rs.2lakh
ii) 9625594 63000 9688594 16.74 8243675 63000 8306675 14.35 -2.39
Individualshare
holdersholding
nominalshareca
pitalin
excessof Rs2lakh
c)Others(specify) - - - - - - - - -
NonResidentIndians 543363 199200 742563 1.29 606889 199200 806089 1.39 0.11
OthersCorporate 3329519 1122200 4451719 7.69 2854162 1122200 3976362 6.88 -0.81
Bodies
OthersIndividual/ 1159923 - 1159923 2.00 1170453 - 1170453 2.02 0.02
HUF
ForeignNationals - - - - -
ClearingMembers 69172 - 69172 0.12 - 99536 99536 0.17 0.05
Trusts - - - - - - - - -
ESOP/ESOS/ESPS - - - - - - - - -
Sub-total(B)(2):- 26238467 2482632 28721099 49.63 26146567 2479832 28626399 49.46 -0.17
- - - -
TotalPublic
Shareholding(B)=( 26239967 2482632 28722599 49.63 26146567 2479832 28626399 49.46 -0.17
B)(1)+(B)(2)
C.Sharesheldby - - - - - - - - -
Custodian
forGDRs&AD
Rs
GrandTotal 55390252 2482632 57872884 100 55393052 2479832 57872884 100 -

(A+B+C)
ii) Shareholdingofpromoters
Sr. Shareholder’s Shareholdingatthebeginningoft Shareholdingattheendoftheyear %

No. Name heyear chang
e
No. % of %ofShares No. % of %ofShare inshar
ofShar totalShar Pledged ofShar totalShar sPledged eholdi
es es /encumber es es /encumbe ngduri
ofthecom ed to ofthecom redtototal ngthey
pany totalshares pany Shares ear
1 AnitaKakkar 1871193 3.23 3.23 1871193 3.23 3.23 0

2 ArjunMalik 4915713 8.49 0.00 4915713 8.49 0.00 0
3 JyotiMalik 1492700 2.58 0.00 1492700 2.58 0.00 0
4 ManMohanMalik 954915 1.65 1.65 954915 1.65 1.65 0
5 MMMalik(HUF) 240000 0.41 0.41 240000 0.41 0.41 0
6 PurnimaMalik 2317300 4.00 0.00 2317300 4.00 0.00 0
7 AnandittaKakkar 1580000 2.73 0.00 1580000 2.73 0.00 0
8 SangitaMalik 1144900 1.98 1.98 1144900 1.98 1.98 0
9 SanjivKakkar 3016500 5.21 0.17 3016500 5.21 0.17 0
10 SidarthKakkar 1632311 2.82 0.00 1632311 2.82 0.00 0
31st Annual Report Year 2021-2022 Page 26

11 DoonValleyFoods
(p)Ltd 2493700 4.31 3.79 2493700 4.31 3.79 0.17
HimalyaCarbonates
12 2718475 4.70 0.00 2718475 4.70 0.00 0
PvtLtd
Himalya 0
13 InternationalInc. 4868778 8.41 0.00 4868778 8.41 0.00
Total 29246484 50.54 11.23 29246485 50.54 11.23 0.17
(iii) ChangeinPromoters’Shareholding(pleasespecify,ifthereisnochange)
S.N. Shareholder’s Shareholding at Shareholdingattheen %changeins

Name thebeginni doftheyear hareholding
ngoftheyear duringtheye
No.ofShare %oftotalShares No. %oftotalShare ChangeinnoofS ar
s ofthecompany ofSsofthecompan hare
hares y
- - - - - - -
(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders
of GDRsandADRs):
SN ForeachoftheTop10sh Shareholdingatthebeginningoftheyear CumulativeShareholdingduringthe

areholders year
No.ofshares % of No.ofshares %oftotalsha
totalshar res
es
1 BENNETT, COLEMAN
AND COMPANY
LIMITED
Atthebeginningoftheyea 2380590 4.11% 0.00%
r
Changes during - 0.00% - 0.00%
theyear
Attheendoftheyear 0.00% 2380590 4.11%
2 MUSHROOM
ASSOCIATES
r
theyear
3 GIRDHARIPROHIRA
r
theyear
4 GOODWIN'S
REFRIGERATION
r
theyear
5 NITINTANDON

Atthebeginningoftheyea 304500 0.53%
r
Changes during 0.00% -96000 -0.16%
theyear
Attheendoftheyear - 0.00% 208500 0.36%
6 KANCHANTANDON
Atthebeginningofthe 300000 0.52% 0.00%

Year
Changes during 0.00% - 0.00%
theyear
7 SHER SINGH

r
Changes during 0.00% 7500 0.013%
theyear
8 MANISHA
Atthebeginningofthe 176085 0.30% 0.00%

Year
Changes during 0.00% -30376 -0.052%
theyear
9 JAGDISH
AMRITLAL
SHAH
r
Changes during 0.00% - 0.00%
theyear
10 AKASH BAJAJ
r
Changes during 0.00% 236500 0.41%
theyear
(v)ShareholdingofDirectorsandKeyManagerialPersonnel:57872884
S.N. Shareholding Shareholdingatthebeginningoftheyear Cumulative

ofeach Directors Shareholdingduringthey
andeach ear
KeyManagerialPer No.ofshares % of No.ofshares % of
sonnel totalshar totalshar
es es
1 ManMohanMalik
Atthebeginningof 954,915 1.65% 0.00%
Theyear
Changesduringthe - 0.00% - 0.00%
Year
Attheendoftheyear 0.00% 954,915 1.65%

2 SangitaMalik
Atthebeginning of 1,144,900 1.98% 0.00%
Theyear
Year
Attheendoftheyear 0.00% 1,144,900 1.98%
3 SanjivKakkar
Atthebeginning of 3016500 5.21% 0.00%
Theyear
Year
V. INDEBTEDNESS
IndebtednessoftheCompanyincludinginterestoutstanding/accruedbutnotdueforpayment
(Rs.InLacs
)
Indebtedness at the beginning Secured Unsecured Deposits TotalIndebt
ofthefinancialyear Loansexcludin Loans edness
g
Deposits
i)PrincipalAmount 6,327 _ _ 6,327
ii)Interestduebutnotpaid - - - -
iii)Interestaccruedbutnotdue - - - -
Total(i+ii+iii) 6,327 - -
Change in Indebtedness during SecuredLoans Unsecured Deposits TotalIndebt
thefinancialyear Excludingdepo Loans edness
sits
*Addition - - - -
*Reduction 569 - - 569
NetChange 569 569
Indebtedness at the end of SecuredLoans Unsecured Deposits TotalIndebt
thefinancialyear Excludingdepo Loans edness
sits
i)PrincipalAmount 5,758 - - 5,758
ii)Interestduebutnotpaid 1135 - - 1135
iii)Interestaccruedbutnotdue - - - -
Total(i+ii+iii) 6,893 - - 6,893
VI. REMUNERATIONOFDIRECTORSANDKEYMANAGERIALPERSONNEL
A. RemunerationtoManagingDirector,Whole-timeDirectorsand/orManager:
S.No. Particulars NameofMD/WTD/Manager TotalA

ofRemunerati mount
on ManMohanMalik SangitaMalik
CMD WTD
1. Grosssalary 60,00,000 19,00,000 79,00,000
(a) Salary as per 0 0 0
provisionscontainedinsectio
n17(1)of
theIncome-taxAct,1961

(b)Valueofperquisitesu/s 0 0 0
17(2)Income-taxAct,1961
(c) Profits in lieu of 0 0 0
salaryundersection17(3)Inc
ome-
taxAct,1961
2. StockOption 0 0 0
3. SweatEquity 0 0 0
4. Commission 0 0 0
-as%ofprofit 0 0 0
-others,specify 0 0 0
5. Others,pleasespecify 0 0 0
Total(A) 60,00,000 19,00,000 79,00,000
Ceiling aspertheAct - - -
B. RemunerationtoOtherDirectors:
S.No. Particulars NameOfDirectors TotalA

ofRemunerati mount
on SurendraKumar
Kaushik
1. IndependentDirectors
Feeforattending board/ 20,000 - - 20,000
Committeemeetings
Commission - - - -
Others,pleasespecify - - - -
Total(1) - - - -
2. OtherNon-Executive
Directors
Feeforattending board - - - -
Committeemeetings
Commission - - - -
Others,pleasespecify - - - -
(Remuneration)
Total(2) - - - -
Total(B)=(1+2) - - - -
TotalManagerial - - - -
Remuneration
OverallCeilingaspertheAct 20,000 - - 20,000
C. Remuneration to Key Managerial Personnel Other than MD/Manager/WTD.
S. Particulars KeyManagerialpersonnel
No. ofRemunerati
on Surabhi Mamta Sharma CFO
Maheshwari(Previous
Company Secretary
Surabhi Maheshwari Mamta Sharma Shamsher Ali
1. Grosssalary 3,15,000 24,000 4,80,000
(a) Salary as per - -
provisionscontainedinsectio
n17(1)of
theIncome-taxAct,1961
(b)Value of perquisites u/s - - -
17(2)Income-taxAct,1961

(c) Profits in lieu of - - -
salaryundersection17(3)Inc
ome-
taxAct,1961
2. StockOption - - -
3. SweatEquity - - -
4. Commission -
-as%ofprofit - - -
-others,specify - - -
5. Others,pleasespecify - - -
Total(A) 3,15,000 24,000 4,80,000
VII. PENALTIES/PUNISHMENT/COMPOUNDINGOFOFFENCES
Type Section BriefDescri Details Authority( Appeal made, if any

oftheComp ption ofPenalty/Pu RD/NCLT (givedetails)
aniesAct nishment/Co /Court)
mpounding
Feeimposed
A.COMPANY
Penalty - - - - -
Punishment - - - - -
Compounding - - - - -
B.DIRECTORS
Penalty - - - - -
C.OTHEROFFICERSINDEFAULT
Penalty - - - - -
For and on behalf of the Board of

Directors Himalaya Food
International Limited
Sd/-
MANMOHANMALIK
Date:13.08.2022 Managing Director
Place::Poanta Sahib DIN:00696077

Management Discussion and Analysis Report
The Management Discussion and Analysis Report has been prepared in accordance with the provisions of Regulation
34(2)(e)of Listing Regulations, read with Schedule V(B) thereto, with a view to provide an analysis of the business
and Financial Statement of the Company for FY 2021-22 and should be read in conjunction with the respective
Financial Statements and notes thereon.
GLOBAL ECONOMIC OVERVIEW:
Global growth is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022—half a percentage point lower for
2022 than in the October World Economic Outlook (WEO), largely reflecting forecast markdowns in the two largest
economies. A revised assumption removing the Build Back Better fiscal policy package from the baseline, earlier
withdrawal of monetary accommodation, and continued supply shortages produced a downward 1.2 percentage-
points revision for the United States. In China, pandemic-induced disruptions related to the zero-tolerance COVID-19
policy and protracted financial stress among property developers have induced a 0.8 percentage-point downgrade.
Global growth is expected to slow to 3.8 percent in 2023.
INDIAN ECONOMIC OVERVIEW:
The Indian economy has fully recovered to the pre-pandemic real GDP level of 2019-20, according to the provisional
estimates of GDP released on May 31, 2022. Real GDP growth in FY 2021-22 stands at 8.7%, which is 1.5% higher than
the real GDP in FY 2019-20. These figures are associated with stronger growth momentum, indicating increased
economic demand. The investment rate in the fourth quarter increased to its highest level in the previous nine
quarters. Moreover, capacity utilization in the manufacturing sector rose in the fourth quarter, as against the third
quarter, implying a build-up in demand, which is consistent with the growth objectives of the Indian economy..
FOOD INDUSTRY:
The Indian food processing industry amounts to 32% of the country's aggregate food market. It contributes
approximately 8.80 and 8.39% of Gross Value Added (GVA) in Manufacturing and Agriculture, respectively, is 13% of
India's exports and 6% of aggregate industrial investment.
The Indian food industry is poised for huge growth, increasing its contribution to world food trade every year. In
India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value
addition, particularly within the food processing industry.
Accounting for about 32 per cent of the country’s total food market, The Government of India has been instrumental
in the growth and development of the food processing industry. The government through the Ministry of Food
Processing Industries (MoFPI) is making all efforts to encourage investments in the business. It has approved
proposals for joint ventures (JV), foreign collaborations, industrial licenses, and 100 per cent export oriented units.
OPERATIONS DURING THE FINANCIAL YEAR 2021-22:
The Company's primary business is Growing of Mushroom (agriculture

Activity),&vegetablesandmanufactureCheese,Yogurt,Appetizers,snacks,sweetsandFrenchfriesetc.
During the year under review, the total income of your Company was Rs. 6550Lacs as compared to Rs.5824 Lacs in
the previous year.The net Profit of the company for the current financial year is of Rs.9524Lacs as compared to profit
of Rs. 252Lacs in the previous year. Company is now in recoverymodeand focusingon export business.
OUTLOOK:
The Company expects financial year 2021-22 to be a challenging year after Covid-19.Your Company reorganizing
mushroom operations in such a way which continue to grow Button mushrooms at Pre-Covid levels and still divert
40% of our plants capacity towards the very high valued medicinal mushrooms, such as Reishi, Cordyceps, Lions
Maine & Turkey Tail. All these high valued mushrooms thrive on hard wood & grain based substrates requiring huge
infra for super-heated steam based sterilization process. Your Company’s newly developed “Vegan Mushroom Jerky”
and “Red Reishi Super Mushroom Cookies” are further expected to add value to the company’s profit margins. Overall,
this restructuring of mushroom growth will provide for a big boost to the company’s overall profit margins.

The Company already have ongoing contract with Amulplanning to add more contract processing for the already
established large frozen food companies in the market. The Companywill re-enter in the Indian markets; first through
the food service segment and later through the retail segment.
There is a continuous thrust from the management to develop a strong R&D and technical service team to develop
new products, explore new applications and understand better the changing customer needs. With the Company’s
continuous endeavour to introduce new products and improve efficiencies and performance, your Directors view the
prospects for the financial year 2021-22 with cautious optimism.
RISKS AND CONCERNS:
The Company is mainly exposed to market risk (including liquidity risk), interest risk and credit risk.
While risk is an inherent aspect of any business, the Company is conscious of the need to have an effective monitoring
mechanism and has put in place appropriate measures for its mitigation including business portfolio risk, financial
risk, legal risk and internal process risk..
INTERNALCONTROLSYSTEMANDTHEIRADEQUACY:
Broadlytheinternalcontrolsandsystemsarebrokenupintofollowing areas:
1. FinancialSystemsandReporting
2. ManagementReporting
3. HRSystemsandReporting
4. SalesSystemsandReporting
5. CapitalAssetSystemsandReporting
6. OperationalFullfillmentSystemsandReporting
7. GeneralAdministrativeSystemsandReporting
8. KnowledgeManagementSystems
Forthesizeofthebusiness,mostofthesystemsareconsideredadequate.Duetothesevereresourceinthecompany,ithas
beenunableto implementitsplansoautomotivesystems.
DEVELOPMENT OF HUMAN RESOURCE / INDUSTRIAL RELATIONS:
The Company firmly believes that an able, disciplined, motivated, trained and skilled manpower is the key for
sustainingrowth of an organization. The Company organizes and provides requisite training to its employees from time
to time.Periodical appraisal and rewarding systems are in place, Industrial Relations at both the plants. (i.e. Paonta Sahib,
Himachal Pradesh and Vadnagar, Gujarat)
CAUTIONARYSTATEMENT:
“ManagementDiscussionandAnalysis”reportcontainsforwardlookingstatements,whichmaybeidentifiedbytheuseofthe
wordsinthatdirection,orconnotingthesame.Allthestatementsthataddressexpectationsorprojectionsaboutthefuture,incl
udingbutnotlimitedtostatementsabouttheCompany'sstrategyforgrowth,productdevelopment,marketposition,expendit
ureand financialresultsareforwardlookingstatements.
The Company's actual results, performance or achievements could thus differ materially from thoseprojected in such
forward looking statements. The Company assumes no responsibility to public, toamend, modify or revise any
forward looking statements on the basis of subsequent developments,informationor events.

CORPORATEGOVERNANCEREPORTFORTHE YEAR2021-2022
The Corporate Governance code is a professional system framed for directing and controlling the organization. The
purpose is to ensure compliance of local statutes and ensure safeguard and value addition in long term to the interest of
its members, creditors, customers and employees. The Company has initiated the practice of incorporating the Corporate
Governance Report in the Annual Report incompliance with pursuant to Regulation 34 (3) read with Schedule V of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). A concerted attempt has been made to
bring in transparency and professionalism to ensure ethical standard in business activities while implementing the
Corporate Governance Code. The management places on record that the mandatory compliances to constitute various
committees as required by SEBI (LODR), Regulations 2015, are in place. The detailed report on Corporate Governance as
per the format prescribed by SEBI and incorporated in SEBI (LODR), Regulations, 2015 as applicable to the Company is set
out below:
1. COMPANY’SPHILOSOPHYONCODEOFGOVERNANCE
The Company is committed to good corporate governance and has implemented the corporate governance norms as
prescribed by SEBI. The Company’s philosophy of corporate governance is based on preserving core values and
ethical business conduct which enhances the efficiency of the Board and inculcates a culture of transparency,
accountability and integrity across the Company.
2. BOARDOFDIRECTORS
The Company is fully compliant with the Corporate Governance Norms in terms of constitution of the Board which is
well blended with a good combination of Executive and Independent Directors. The Board has complete access to any
information within the Company & to any employee of the Company. Pursuant to SEBI (Listing Obligation and
Disclosure Requirements), Regulations 2015, the Board meets at least once in every quarter to review
quarterly/annual results and other items on the agenda and gap between two board meetings is not more than 120
Days. The Board is apprised and informed of all the important information relating to the business of the Company
including those listed in SEBI Listing Obligation and Disclosure Requirements, Regulations 2015.
As on March 31, 2022, strength of the Board of Directors was six, whose composition is given below:
Chairman, Promoter, and Managing Director-1

Promoter, Non-Independent Director -2IndependentDirectors -3
During the financial year ended March 31,2022Four Board Meetings were held
on.12.06.2021,14.08.2021,13.09.2021,09.02.2022
AttendanceofDirectorsatBoardMeetingsduringthefinancialyearandthelastAGMandNumberofDirectorships/Committe
epositions ofDirectors as on31st March,2022,were asunder:
Name Compositiona No. Attendance No. No.

oftheDirector nd ofBoar at last AGM ofDirectorshi ofcommitteeposi
withDIN Category d held on pin tionsheldin
Meetings September otherCompan otherCompanies
attended 30th,2021 ies
Mr. Man Chairman

MohanMalik(006960 cumManagingDir 4 Yes 5 Nil
77) ector
Mrs.Sangita Whole
Malik (02428506) TimeDirector 3 Yes 3
Nil

Mr. Sanjiv Kumar Non-
Kakkar(02434426) IndependentDire 3 Yes 3 Nil
ctor
Mrs.Neelam IndependentDire
Khanna (08332836) ctor Yes Nil Nil
1
Mr.SunilKumarKhera IndependentDire
(00263581) ctor 4 No 1 Nil
Mr. SurendraKumar IndependentDire

Kaushik(05286196) ctor 4 Yes 1 Nil
3. AUDITCOMMITTEE
The terms of reference of this Committee are wide enough to cover them at terms specified for Audit Committee
under SEBI (Listing Obligation and Disclosure Requirements), Regulations 2015 as well asSection177oftheCompanies
Act,2013.Theprimaryrole of Audit Committee, interalia, is:
To oversee the Company’s financial reporting process and disclosure of financial information.
To review the financial statements, adequacy of internal control systems and periodic audit reports.
To recommend to the Board the matters relating to the financial management of the Company.
To recommend appointment/ re-appointment of Statutory Auditors and fixation of the remuneration.
To hold discussions with Statutory Auditors periodically.
To review the financial statements, in particular, the investments made by unlisted Subsidiary Company.
The Statutory Auditors of the Company are invited to attend Audit Committee Meetings, to discuss and review the
quarterly/ half yearly unaudited results, the annual audited accounts, internal audit, mattersrelating to the compliance
with accounting standards, Auditor’s observations arising from the audit of theCompany’saccounts and other related
matters.
The Chairman of the Audit Committee is an Independent Director. During the financial year ended four Board
Meetings were held on i) 11th June, 2021 ii)11thAugust 2021, iii) 13thNovember 2021, and iv) 09th February,
2022.
The names of the Committee Members and number of Meetings attended during the year as follows:
Name of the Members Composition Total Meetings

and Attended
Category
Mr.Sunil Kumar Khera (Chairman) Independent, Non- 1
ExecutiveDirector
Mr. Surendra KumarKaushik(Member) Independent, Non- 3
ExecutiveDirector
Mrs.Neelam Khanna Independent,Non-Executive 3
(Member) Director
Mr.ManMohanMalik(Member) ExecutiveDirector 1

4. NOMINATION AND REMUNERATION COMMITTEE
The term of reference of the Committee is to determine, review and recommend the Company’s policy
onspecificremunerationpackages.TherecommendationsoftheCommitteeareputuptotheBoardofDirectorsand
Shareholders of the Company.
The Remuneration Committee met four time in the year 2021-2022 on 11th June, 2021, 11th August, 2021,
31stDecember, 2021&09th February 2022.
The names of the Committee Members, their composition are as follows:
NameoftheMembers CompositionandCategory TotalMeetingsA

ttended
Mr. SunilKumarKhera(Chairman) Independent, Non- 2
ExecutiveDirector
Mr.SurendraKumarKaushik 3
Independent, Non-
(Member)
ExecutiveDirector
Mrs.NeelamKhanna(Member) 1
Independent, Non-
ExecutiveDirector
5. STAKEHOLDERSRELATIONSHIPCOMMITTEE
The Committee reviews all matters connected with the physical securities transfer. The Committee
alsolooksintoredressalofshareholders’complaintsrelatingtotransferofshares/dematerialization,non-receipt of balance
sheet, non-receipt of dividends, and issue of share certificates on account of bonus, split or any other matter related to
securities of the Company.
The Committee oversees the performance of the Registrar and Transfer Agents and recommends measures for overall
improvement in the quality of investor services. The Committee meets as and when required, depending upon
grievances and/orrequestforphysicaltransferofsecuritiesreceivedbytheCompany.
The report received from the Share Transfer Agents as reviewed by the Committee is placed at the
BoardMeetingsfromtimetotime.DuringthefinancialyearendedMarch31, 2022,threeStakeholdersRelationship
Committee Meetings was held on 11th June, 2021, 11th August ,2021, 09th February, 2022.
ThenamesoftheCommitteeMembersandmeetingsattendedduringtheyearareasfollows:
NameoftheMembers CompositionandC TotalMeetingsA

ategory ttended
Mr.SunilKumarKhera (Chairman) IndependentDirector 3
Mrs.NeelamKhanna(Member) Independent, Non- 3

ExecutiveDirector
Mr.ManMohanMalik(Member) ExecutiveDirector 3
Mrs.SangitaMalik(Member) ExecutiveDirector 2

The Company has attended the investor’s grievances / correspondence promptly. There were no investors’
complaints pending as on March 31, 2022. There were nil outstanding requests for transfer & nil pending requests for
dematerialization of shares as on March31, 2022.
6. GENERALBODYMEETINGS
The last three Annual General Meetings of the Company were held as under:
Financial Date Time Venue

Year
2020-21 30thSeptember,2021 9.30A.M. The meeting was conducted through Video
Conference
2019-20 30th September,2020 4:30P.M. The meeting was conducted through Video
Conference
2018-19 30th September,2019 3:00P.M. Hotel Lal sons Continental”8/1,EastPatel Nagar New
Delhi Metro Pillar No.171,New Delhi,Delhi110008
 No extra ordinary general meeting was held during the year 2021-2022.
 No Postal ballot was conducted during the year 2021-2022.
7. DISCLOSURES
The Company has complied with all the requirements of the Listing Agreement with the BSE Limited as well as the
regulations and guidelines of SEBI.
The Whistle blower policy is put in place to report concerns about unethical behavior. As required, the chairman of
the Audit Committee is accessible if employees and Directors encounter any unethical behavior. The said policy has
been also put up on the website of the Company at the following linkwwwhimalayafoodcompany.com.
8. CODEOFCONDUCT
The Company has formulated and implemented a Code of Conduct for all Board Members and Senior Management
of the Company. In compliance with SEBI (Listing Obligations and Disclosures Requirements), Regulations 2015, all
personnel have affirmed to it.
9. MEANS OF COMMUNICATION
The quarterly, half-yearly and yearly financial results of the Company are sent to the BSE Limited immediately after
they are approved by the Board and these are published in The Pioneer-Delhi Edition(English Newspaper) and The
Pioneer -Delhi Edition(Hindi Newspaper).
Company has created websiteaddressedaswwwhimalayafoodcompany.com
[email protected]
10. INTERNATIONAL SECURITIES IDENTIFICATION NUMBER(ISIN)
ISIN is a unique identification number of traded scrip. The number has to be quoted in each transaction relating to
the dematerialized equity shares of the Company. The Company’s ISIN isINE552B01010.

11. SECRETARIALAUDITREPORTREGARDINGRECONCILIATIONOFSHARECAPITAL
As required by regulation 76A of SEBI (Depositories and Participants) Regulations, 2018, a quarterly audit is
conducted by a Practicing Company Secretary, reconciling the Issued and Listed Share Capital of the Company with
the aggregate of the shares held by the investors in physical form and in demat form in CDSL and NSDL and said
certificates are submitted to the BSE wherein the shares are traded, within the prescribed time limit.
As on March 31st, 2022, there was no difference between the Issued capital and the aggregate of shares held by the
investors in both physical form and in electronic form with depositories.
12. GENERALSHAREHOLDERINFORMATION
Day, Date and Time Thursday , the 29thDay of September 2022, at 5:30PM
Venue The meeting was conducted through Video Conference
□ FinancialYear:01stApril,2021 to 31st March,2022

□ Date of Book Closure: 23th September, 2021 to 29 th September,2021 (both days Inclusive)
□ ListingonStockExchange:Shares oftheCompanyarelistedonBSELimited
□ StockCodes(forshares):526899
□ Symbol(forshares):HFIL
□ DematISINNumberinNSDL:INE552B01010
□ RegistrarandTransferAgents:
BEETALFinancial&ComputerServicesPvtLtd.
BEETALHOUSE,3rdFloor,
99,Madangir,behindLSC,NewDelhi-110062
Ph.011-29961281-283,26051061,26051064Fax011-29961284
 Share Transfer System:
The Company’s shares are traded on BSE mandatorily in demat mode. Physical Shares which are lodged with the
Registrar and Transfer Agents/ or with the Company for transfer are processed and returned to the Shareholders
duly transferred within the time limit stipulated under the Listing Agreement subject tothe documents being in
order. Members holding shares in physical form are requested to get them dematerialized for easy transactions on
stock exchange.
 ShareHoldingPatternasonMarch31,2022:
Category No.ofshares %
ofShareholdin
g
a. Promoter’sholding 2,92,46,485 50.54
b. Bank/FIIs - 0.00
c. CorporateBodies 24, 31, 926 4.20
d. Others(public) 2,53,11,052 43.73
e. NRIs/OCBs 7,26,324 1.26
f. ClearingMember 1,57,097 0.27

g. AnyOther(Trust) - -
GRANDTOTAL 57872884 100
 Dematerializationofshares:
95.73% of the Company’s paid up equity share capital has been dematerialized up to March 31, 2022.Trading in
the equity shares of the Company at BSE Limited is permitted only in dematerialized form.
The details of dematerialized shares as on March31, 2022 are as under:
Depository No.ofShares %ofCapital

CDSL 16693774 28.846
NSDL 38710078 66.888
Total 55403852 95.734
Request for dematerialization of shares are processed and confirmation is given to the respective depositories i.e.
National Security Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) within
15days.
13. ADDRESSFORCORRESPONDENCE:
All Correspondence relating to the shares of the Company should be forwarded to the below mentioned address.
BEETAL Financial & Computer Services Pvt Ltd.

BEETALHOUSE, 3rdFloor,
99,Madangir, behind LSC, New Delhi-110062
Ph.011-29961281-283, 26051061,26051064 Fax011-29961284
14. GREENINITIATIVE:
The Ministry of Corporate affairs has taken “Green Initiative in Corporate Governance” by allowing paperless
compliances by the Companies and has issued circulars stating that service of Notice/documents including Annual
Report can be sent by email to its members .To Support this Green initiative of the Government in full measure,
members who have not registered their e-mail, so far, are requested to register their email addresses in respect of
their holdings with the Depository through their concerned Depository Participants. Members who hold share in
physical form are requested to contact Ms. Mamta Sharma, Company Secretary and Compliance officer, on
[email protected] or at the registered office of the Company or to M/sBEETAL Financial &
Computer Services Pvt Ltd. On above mentioned contact details.

SD/-
Man Mohan Malik
Date:13.08.2022 Chairman cum Managing Director
Place::PoantaSahib DIN:00696077

AUDITOR’S CERTIFICATE ON COMPLIANCE OF
CORPORATEGOVERNANCE
To
TheBoardofDirectors
HIMALAYAFOODINTERNATIONALLIMITED
We have examined the records with respect to the compliance of Corporate Governance by HIMALAYAFOOD
INTERNATIONAL LIMITED (“the Company”), for the financial year ended on March 31, 2022, as stipulated in
SEBI (LODR)Regulations,2015 entered into by the Company with the stock exchange(s).
The compliance of conditions of Corporate Governance is the responsibility of the Company’s management. Our
examination was limited to review of the procedures and implementation there of adopted by the Company for
ensuring the compliance with the conditions of Corporate Governance. It is neither an audit nor an expression of
opinion on financial statements of the Company.
In our opinion and to the best of our information and according to the explanations given to us and the
representations made by the Directors and them management, we certify that the Company has complied with the
conditions of Corporate Governance as stipulated in SEBI (LODR) Regulations, 2015.
We further state that such compliance is neither an assurance as to future viability of the Company nor the
efficiency with which them management has conducted the affairs of the company.
Place: New Delhi

Date:10/08/2022
For Sharma Kumar & Associates
CharteredAccountants
FRN: 030842N
SD/-
(Kailash Sharma)
Partner
M.No.543197

CEO CERTIFICATION
To
The Board of Directors
HIMALAYA FOOD INTERNATIONAL LIMITED
I, Man Mohan Malik, Managing Director, of the company hereby certify to the Board that-
a) I have reviewed the financial statements and the cash flow statement for the year ended March 31, 2022 and that
to the best of our knowledge and belief.
b) These statements do not contain any material untrue statement or omit any material fact or contain statements
that might be misleading;
c) These statements together present a true and fair view of the Company’s affairs and are in compliance with
existing Accounting Standards, applicable laws and regulations.
d) There are, to the best of our knowledge and “belief, no transactions entered into by the Company during the year
which are fraudulent, illegal or violation of the Company’s Code of Conduct.
e) I accept responsibility for establishing and maintaining internal controls for financial reporting and have
evaluated the effectiveness of internal control system of the Company pertaining to financial reporting and We
have disclosed to the auditors and the Audit Committee, deficiencies in the design or operation of such internal
controls, if any, of which We are aware and the steps I have taken or propose to take to rectify these deficiencies.
f) I have indicated to the Auditors and the Audit Committee that:
There has not been any significant change in internal control over financial reporting during the year under
reference.
There has not been any instance during the year of significant fraud of which we had become aware and the
involvement therein, if any, of the management or an employee having a significant role in the Company’s internal
control system over financial reporting.
Date: 30/05/2022
Place: Delhi
SD/-
Mr. Man Mohan Malik
(ManagingDirector)
31stAnnual Report Year 2021-2022 Page 41

DECLARATION BY THE CEO UNDER REGULATION 17 (5) OF THE SEBI LODR
REGARDING AND THE CODE OF CONDUCT
a) This is to confirm that the company has adopted a code of conduct for its Board of Directors and Senior Management
Personnel. This Code is available at the Company’s Registered Office.
b) I confirm that Board of Directors and Senior Management Personnel of the company have, in respect of the financial
year ended March 31, 2022, affirmed compliance with the Code of Conduct as applicable to them.
c) For the purposes of this declaration, Senior Management Personnel means the Personnel who are members of the
core management team, including persons in the cadre of functional heads and above but excluding Board of
Directors as on March31, 2022.
Date:13.08.2022
Place:PaontaSahib
SD/-
(Mr. Man Mohan Malik)
Chairman&ManagingDirector

STANDALONE FINANCIAL STATEMENTS
Independent Auditor’s Report

To the Members of Himalaya Food International Limited
Report on the Audit of Standalone Financial Statements
Opinion
We have audited the accompanying standalone Financial Statements of Himalaya Food International Limited (“the
Company) which comprise the Balance sheet as at31 March 2022, the Statement of Profit and Loss, theCash flow
statement and the Statement of changes in Equity for the year then ended and Notes to the financial statements
including a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone
financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required
and give a true and fair view in conformity with the Indian Accounting Standards prescribed under section 133 of the
Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) and other accounting
principles generally accepted in India, of the state of affairs ofthe Company as at March 31, 2022, the profit and total
comprehensive income, changes in equity and its cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit of the standalone financial statements in accordance with the Standards on Auditing specified
under section 143(10) of the Act (SAs). Our responsibilities under those Standards are further described in the Auditor’s
Responsibilities for the Audit of the Standalone Financial Statements section of our report. We are independent of the
Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together
with the independence requirements that are relevant to our audit of the standalone financial statements under the
provisions of the Act and the Rules made there under, and we have fulfilled our other ethical responsibilities in
accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the
standalone financial statements of the current period. These matters were addressed in the context of our audit of the
standalone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate
opinion on these matters. We have determined the matters described below to be the key audit matters to be
communicated in our report.

Sr. No. Key Audit Matter Auditor’s Response
1 Revenue from Operation Principal Audit Procedures

i) According to Ind AS 115, revenue to be Our audit procedure inter-alia included the
recognised on satisfaction of performance following-
obligation and transfer of control pertaining to
goods.  We assessed the company’s process to
consider the same of transfer of
control of goods.
ii) Determination of transaction price for
measurement of revenue according to Ind AS  We performed year end cut off
115. procedure to determine whether
revenues are recorded in the correct
period.
 We used assessment of overall control

of environment relevant for
measurement of revenue.
 We performed testing of journals, with

particular focus on manual adjustment
to revenue account, to mitigate the
risk of manipulation of revenue and
profit figures.
2 Accuracy of revenues and onerous Principal Audit Procedures

obligations in respect of fixed price contracts
involves critical estimates Our audit approach was a combination of test of
internal controls and substantive procedures
Estimated effort is a critical estimate to which included the following:
determine revenues and liability for onerous
obligations. This estimate has a high inherent Evaluated the design of internal controls
uncertainty as it requires consideration of relating to recording of efforts incurred and
progress of the contract, efforts incurred till estimation of efforts required to complete the
date and efforts required to complete the performance obligations.
remaining contract performance obligations. Tested the access and application controls
pertaining to time recording, allocation and
budgeting systems which prevents unauthorised
changes to recording of efforts incurred.
Selected a sample of contracts and through
inspection of evidence of performance of these
controls tested the operating effectiveness of the
internal controls relating to efforts incurred and
estimated.
Selected a sample of contracts and performed a
retrospective review of efforts incurred with
estimated efforts to identify significant variations
and verify whether those variations have been
considered in estimating the remaining efforts to

complete the contract.
Reviewed a sample of contracts with unbilled
revenues to identify possible delays in achieving
milestones, which require change in estimated
efforts to complete the remaining performance
obligations.
Performed analytical procedures and test of
details for reasonableness of incurred and
estimated efforts.
3 Evaluation of uncertain tax positions Principal Audit Procedures

The Company has material uncertain tax Obtained details of completed tax assessments
positions including matters under dispute and demands for the year ended March 31, 2021
which involves significant judgment to from management. We involved our internal
determine the possible outcome of these experts to challenge the management’s
disputes. underlying assumptions in estimating the tax
provision and the possible outcome of the
disputes. Our internal experts also considered
legal precedence and other rulings in evaluating
management’s position on these uncertain tax
positions. Additionally, we considered the effect
of new information in respect of uncertain tax
positions as at April 1, 2018 to evaluate whether
any change was required to management’s
position on these uncertainties.
Information Other than the Standalone Financial Statements and Auditor’s Report Thereon
The Company’s Board of Directors is responsible for the preparation of the other information. The other information
comprises the information included in the Management Discussion and Analysis, Board’s Report including Annexure to
Board’s Report, Business Responsibility Report, Corporate Governance and Shareholder’s Information, but does not
include the standalone financial statements and our auditor’s report thereon.
Our opinion on the standalone financial statements does not cover the other information and we do not express any
form of assurance conclusion thereon.
In connection with our audit of the standalone financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the standalone financial
statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is no material misstatement of this other information;
we are required to report that fact. We have nothing to report in this regard.
Management’s Responsibility for the Standalone Financial Statements
The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the
preparation of these standalone financial statements that give a true and fair view of the financial position, financial
performance, total comprehensive income, changes in equity and cash flows of the Company in accordance with the Ind
AS and other accounting principles generally accepted in India. This responsibility also includes maintenance of
adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company
and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and prudent; and design, implementation and
maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of the standalone financial
statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial statements, management is responsible for assessing the Company’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis
of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic
alternative but to do so.
The Board of Directors are responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Standalone Financial Statements
Our objectives are to obtain reasonable assurance about whether the standalone financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs
will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these standalone financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that
are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our
opinion on whether the Company has adequate internal financial controls system in place and the operating
effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant
doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditor’s report to the related disclosures in the standalone financial statements or, if
such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to
the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a
going concern.
Evaluate the overall presentation, structure and content of the standalone financial statements, including the
disclosures, and whether the standalone financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in aggregate,
makes it probable that the economic decisions of a reasonably knowledgeable user of the financial statements may be
influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and
in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the financial
statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of
the audit and significant audit findings, including any significant deficiencies in internal control that we identify during
our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence, and to communicate with them all relationships and other matters that may
reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most
significance in the audit of the standalone financial statements of the current period and are therefore the key audit
matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about
the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our
report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest
benefits of such communication.

Report on Other Legal and Regulatory Requirements
1. As required by Section 143(3) of the Act, based on our audit we report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purposes of our audit.
b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from
our examination of those books.
c) The Balance Sheet, the Statement of Profit and Loss including Other Comprehensive Income, Statement of Changes in
Equity and the Statement of Cash Flow dealt with by this Report are in agreement with the relevant books of account.
d) In our opinion, the aforesaid standalone financial statements comply with the Ind AS specified under Section 133 of
the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
e) On the basis of the written representations received from the directors as on March 31, 2022 taken on record by the
Board of Directors, none of the directors is disqualified as on March 31, 2022 from being appointed as a director in
terms of Section 164 (2) of the Act.
f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the
operating effectiveness of such controls, refer to our separate Report in “Annexure B”. Our report expresses an
unmodified opinion on the adequacy and operating effectiveness of the Company’s internal financial controls over
financial reporting.
g) With respect to the other matters to be included in the Auditor’s Report in accordance with the requirements of
section 197(16) of the Act, as amended:
In our opinion and to the best of our information and according to the explanations given to us, the remuneration paid
by the Company to its directors during the year is in accordance with the provisions of section 197 of the Act.
h) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies
(Audit and Auditors) Rules, 2014, as amended in our opinion and to the best of our information and according to the
explanations given to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its standalone financial
statements.
ii. The Company has made provision, as required under the applicable law or accounting standards, for material
foreseeable losses, if any, on long-term contracts including derivative contracts.
iii. There were no amounts which required to be transferred, to the Investor Education and Protection Fund by the
Company.
(iv) No dividend declared or paid by the company during the period covered by this report.
2. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government in
terms of Section 143(11) of the Act, we give in “Annexure A” a statement on the matters specified in paragraphs 3 and 4
of the Order.
Chartered Accountants
Firm Registration No.030842N
Kailash Sharma
(Partner)
Membership No.543197
UDIN: 22543197AJZNTS6363
Place: Delhi
Dated: 30.05.2022

ANNEXURE ‘A’
(Referred to in paragraph 2 under ‘Report on Other Legal and Regulatory Requirements’ section of our report to
the Members of Himalaya Food International Limited of even date)
i. a) The company has generally maintained proper records showing full particulars, including quantitative details
and situation of Property, Plant and Equipment;
b) According to information and explanation given to us there is a regular programme of physical

verification of theseProperty, Plant and Equipment by the management which in our opinion is
reasonable having regard to size of the company and nature of its assets. As informed to us no material
discrepancies were noticed on such verification.
c) As informed to us and as verified by us during the course of our audit the title deeds on immovable properties
are held in name of company as at the balance sheet date.
In respect of immovable properties of land and building that have been taken on lease and disclosed as
Property, Plant and Equipment in the standalone financial statements, the lease agreements are in the name of
the Company.
ii. As informed to us the inventories were physical verified during the year by the management at reasonable
intervals and no material discrepancies were noticed on physical verification.
iii. As informed to us the company has granted unsecured loans to companies covered in the register maintained
under section 189 of the Companies Act, 2013. In respect of such loans:
(Rs in Lacs)
Name of the company Nature of loan Balance as on Maximum
31.03.2022 Amount Due
APJ Laboratories Ltd. Advance against purchase 557 557
a.) As informed to us and as verified by us the terms and condition of grant to such loans are not prejudicial to
the interest of the company.
b.) Repayment of the principle amount and payment of interest on such loans has not been stipulated, as it is in
the nature of “Advance against purchases”
c.) Not Applicable
iv. According to the information and explanation given to us, the company has complied with the provision of
section 185 and 186 of the Companies Act, 2013 in respect of grant of loans, making investments and providing
guarantees and securities, as applicable during the year.
v. The company has not accepted any deposits during the year and does not have any unclaimed deposits as at
March 31, 2022 and therefore, the provisions of clause 3(v) of the Order are not applicable to the Company.
vi. Reporting under clause 3(vi) of the order is not applicable as the company’s business activities are not covered
by the companies (Cost Record and Audits) Rules, 2014.
vii. a) According to records of the company and information and explanation given to us the company has generally
been regular in depositing undisputed statutory dues including provident fund, employees` state insurance,
income-tax, goods and service tax, duty of customs, cess and any other statutory dues with the appropriate
authorities.
b) According to information and explanation given to us there are outstanding statutory dues as
referred above as at the last day of the financial year under audit for a period of more than six months
from the date they become payable as below:

Particulars of dues Amount Rs.’ Lacs
PF 54
ESI 4
TDS 25
c) As certified by the management on which we have relied upon the dues of sale tax or service tax or
duty of custom or duty of excise or value added tax or cess which have not been deposited on account of
dispute and the forum where the dispute is pending are given bellow:
Particulars of dues Amount Financial Year to Forum where

Rs.’ Lacs which amount dispute is pending
relates
Excise Duty 3.78 1999-2000 Tribunal
Income Tax 7.29 2011-12 HC
Sales Tax .50 2013-14 AETC
viii. Based on our audit procedure and in accordance with the information and explanation given to us by the
company that Bank accounts are NPA.Loan account from banks have been shown at the full value as on the date
of NPA. The OTS settled by banks is Rs. 8,290 Lakhs out of which Rs. 2,522 Lakhs have been paid till 31.03.2022.
ix. The company has not raised any money during the year by way of initial public offer or further public offer
(including debts instrument) or term loans and hence reporting under clause 3(ix) of the Order is not applicable.
x. According to the information and explanation given to us there has been no fraud noticed or reported during the
year by the company or on the company by its officers or employees.
xi. In our opinion the managerial remuneration paid/provided during the year is in accordance with requisite
approvals mandated by the provisions of section 197 read with Schedule V of Companies Act 2013.
xii. The company is not a Nidhi company and hence reporting under clause 3(xii) of the Order is not applicable.
xiii. According to the information and explanation given to us and on the basis of examination of the records, the
Company is in compliance with Section 177 and 188 of the Act, where applicable, for all transactions with the
related parties and details of related party transactions have been disclosed in the financial statements as
required by the applicable accounting standards.
xiv. The Company has not made any preferential allotment or private placement of shares or fully or partly
convertible debentures during the year under review.
xv. As informed to us, during the year the company has not entered into any non-cash transactions with any of its
directors or persons connected with the directors.
xvi. The Company is not required to get registered under section 45-IA of Reserve Bank of India Act 1934.

Kailash Sharma
(Partner)
Place: Delhi
Dated: 30.05.2022

ANNEXURE ‘B’ TO THE INDEPENDENT AUDITORS’ REPORT
Referred to in paragraph 3(f) to “Report on Other legal and regulatory requirement” of the independent Auditors`
Report of even date to the members of Himalaya Food International Limited on standalone Ind AS financial statement
for the year ended March 31, 2022.
Report on the Internal Financial Controls under clause (i) of Sub Section 3 of Section 143 of the Companies Act,
2013 (“the Act”)
We have audited the internal financial controls over financial reporting of Himalaya Food International Limited (“the
Company”) as of March 31, 2022 in conjunction with our audit of the standalone financial statement of the Company for
the year ended on that date.
Management`s Responsibility for Internal Financial Controls.
The Company`s management is responsible for establishing and maintaining internal financial controls base on the
internal control over financial reporting criteria established by the company considering the essential components of
internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by
the Institute of Chartered Accountants on India. These responsibilities include the design, implementation and
maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient
conduct of its business, including adherence to company`s Policies, the safeguarding of its assets, the prevention and
detection of frauds and errors, the accuracy and Completeness of the accounting records, and the timely preparation of
reliable financial information, as required under the Companies Act, 2013.
Auditors` Responsibility
Our responsibility is to express an opinion on the Company`s internal financial controls over financial reporting base on
our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over
Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed
under section 143(10) of the Companies Act, 2013, to the extent applicable on an audit of internal financial controls,
both applicable to an audit of Internal Financial Controls and both issued by the Institute of Chartered Accountants of
India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform
the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting
was established and maintained and if such controls operated effectively in all material respect. Our audit involves
performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over
financial reporting and their operating effectiveness.
Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial
controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the
design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the
auditor`s judgment, including the assessment of the risks of material misstatement of the standalone Ind AS financial
statements, whether due to fraud or error. We believe that the audit evidence I/we have obtained is sufficient and
appropriate to provide a basis for out audit opinion on the Company`s internal financial controls system over financial
reporting.
Meaning of Internal Financial Controls over Financial Reporting

A Company`s internal financial control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A company`s internal financial control over financial
reporting includes those policies and procedures that:
1) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company;
2) Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorization of management and directors of the company; and
3) Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or
disposition of the company`s assets that could have a material effect on the financial statement.

Inherent Limitations of Internal Financial Controls Over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of
collusion or improper management override of controls, material misstatements due to error or fraud may occur and
not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future
periods are subject to the risk that the internal financial control over financial reporting may become inadequate
because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial
reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2022,
based on the internal control over financial reporting criteria established by the company considering the essential
components of internal controls stated in Guidance Note on Audit of Internal Financial Controls Over Financial
Reporting issued by the Institute of Chartered Accountants of India.

Kailash Sharma
(Partner)
Place: Delhi
Dated: 30.05.2022

The accompanying notes form an integral part of the standalone financial statements.
Himalaya Food International Ltd.
Balance sheet as at March 31, 2021
(All amounts in Rs in lacs unless otherwise stated)
Particulars Note As at As at
31-Mar-2022 31-Mar-2021
ASSETS
Non-current assets
Property, plant and equipment 3 12616 12832
Capital work-in-progress 3 5491 5491
Financial assets
i Investments 4a 10 10
ii Loans 4b 557 567
iii Other financial assets 4c 586 587
Other non-current assets 5 1646 1460
Total non-current assets 20906 20947
Current assets
Inventories 6 1824 1491
Financial assets
i Trade receivables 4d 3053 2639
ii Cash and cash equivalents 4e 7 3
iii Bank balance other than (ii) above 4f 69 105
Other current assets 7 7 2048
Total current assets 4960 6286
Total assets 25866 27233
EQUITY AND LIABILITIES
Equity
Equity share capital 8a 5787 5787
Other equity 8b 9948 424
16093 6211
Liabilities
Non-current liabilities
Financial liabilities
i Borrowings 9a 0 18101
ii Other financial liabilities 9c 335 335
Provision 11a 185 185
Deferred tax liabilities (net) 423 455
Other non-current liabilities 11b 71 80
Total non-current liabilities 1014 19156
Current liabilities
i Borrowing 9b 0 0
ii Trade payables 9d 1319 1554
iii Other financial liabilities 9c 7132 1
Provision for employee benefit obligations 11b 10 2
Other current liabilities 10 299 309
Total current liabilities 8760 1866
Total equity and liabilities 25866 27233

As per our report of even date
For Sharma Kumar & Associates For and on behalf of the Board
Firm Registration No. 030842N SD/- SD/-
Man Mohan Malik Sangita Malik
Chairman & Managing
SD/- Director Director
(Kailash Sharma) DIN:00696077 DIN:02428506
Partner
Membership no. 543197
UDIN: 22543198AJZNTS6363 SD/- SD/-
Dated: 30.05.2022 Shamsher Ali Mamta Sharma
Place : Delhi CFO Company Secretary

Statement of profit and loss account for the year ended March 31, 2022
(All amounts in Rs in lacs
unless otherwise stated)
Particulars Note Year ended Year ended
31-Mar-2022 31-Mar-2021
Continuing operations
Revenue from operations 12 6259 5636
Other income 13 291 188
Total income 6550 5824
Expenses
Cost of material consumed 14 2729 2443
Changes in inventory of work-in-progress & 15 -408 -20
finished goods
Employee benefits expense 16 321 366
Finance costs 19 36 23
Depreciation and amortisation expense 17 674 1046
Other expenses 18 2061 1844
Total expenses 5413 5702
Profit before exceptional items and tax 1137 122
Exceptional items
I write-off of claims -8355 0
Profit / loss before tax from continuing operations 9492 122
Tax expense
I Current tax 0 0
Ii Deferred tax -32 -130
Profit / (Loss) from continuing operations 9524 252
Profit / (Loss) from discontinued operations - -
Other comprehensive income - -
Earnings per equity share (for continuing
operations)
I Basic earnings per share 16.46 0.44
Ii Diluted earnings per share 16.46 1.71

SD/- Chairman & Managing Director Director
Partner

Statement of changes in equity for
the year ended 31, 2021
A. Equity Share Capital
Particulars Not Amou
e nt
Balance at the beginning of the reporting 8 5787
period
Changes in equity share capital during the year 8 0
Share Application Money 8 358
Balance at the end of the reporting period 8 6145
B.Other
Equity
Particulars Equit
y Reserve and Surplus
Debt Equity Other
comp Exchange
Share Instrum Instrume items of Money
onent Effective difference
applicatio ent nt Other receive
of Securitie portion on
n on Other through through Revaluatio Compreh d
Note comp s of Cash translating Total
money Capital Reserve Retained other Other n Surplus ensive against
ound Premiu Flow the
pending Reserve (Specify Earning Compre Compreh Income share
financ m Hedges financial
allotment nature) hensive ensive (Specify capital
ial Reserve statement
Income Income nature)
instru
ment
Balance at the 0 1321.69 3378 0 -4276 0 0 0 0 0 0 0 423.58
beginning of
8
the reporting
period
Changes in 0 0 0 0 0 0 0 0 0 0 0 0
accounting
policy or
prior period
errors
Restated 0 0 0 0 0 0 0 0 0 0 0 0
balance at the
begining of

reporting
period
Total 0 1322 3378 0 -4276 0 0 0 0 0 0 0 423.58
comprehensiv
e
Income for 0 0 0 0 9524 0 0 0 0 0 0 0 9524
the year
Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0
Transfer to 0 0 0 0 0 0 0 0 0 0 0 0 0
retained
earnings
Any other 0 0 0 0 0 0 0 0 0 0 0 0 0
change (to be
specified)
Balance at the 0 1322 3378 0 5248 0 0 0 0 0 0 0 9947.8
end of the 1
8
reporting
period

Statement of cash flows for the period ended March 31, 2022

31-Mar-2021 31-Mar-2021
Loss before Income Tax from
Continuing Operations 9524 252
Adjustment for:
Depreciation and amortisation expenses 674 1046
Deferred Tax -32 -130
Finance costs 36 23
Operating profit before working capital changes 678 939
Adjustment for:
(Increase)/decrease in trade receivables -414 5
(Increase)/decrease in inventories -333 47
Increase/(Decrease) in Trade payables 235 72
(Increase)/Decrease in other financial assets 1 0
(Increase)/decrease in other non-current assets (186) (169)
(Increase)/decrease in other current assets (2041) (815)
(Increase)/decrease in other Financial Liabilities (7131) 0
(Increase)/decrease in Loan Advance 10
Increase in employee benefit obligations and provisions (8) (17)
Increase/(Decrease) in other Current Liabilities 10 8
Increase/(Decrease) in other non-Current Liabilities 9 -29
Cash ganerated from operations (9848) (898)
Income tax paid 0 0
Net cash inflow from operating activities 355 293
Cash flows from investing activities
Payments/Sale of property, plant and equipment (351) 323
Investment in Subsidary 0 0
Loans to employees and related parties 0 0
Net cash outflow from investing activities (351) 323
Cash flows from financing activities
Proceeds from issue of shares 0 0
Proceeds/(Payment) from borrowings 0 0
Finance lease payments/Increase 0 0
Finance Expenses -36 23
Net cash used in financing activities -36 23
Net increase (decrease) in cash and cash equivalents (32) (53)
Cash and cash equivalents at the beginning of the financial year 108 161
Cash and cash equivalents at end of the year 76 108
Firm Registration No. 030842N SD/-
Man Mohan Malik
SD/- Chairman & Managing Director
(Kailash Sharma) DIN:00696077
Partner
Dated: 30.05.2022
Place : Delhi

HimalayaFoodInternationalLtd.
Notes to thestandalonefinancialstatementsfortheyearendedMarch 31,2021
1. Company Information
Himalaya Food International Ltd., incorporated in New Delhi, India with UIN L51909DL1992PLC047399, is a
food processing company engaged in growing & processing of mushrooms and manufacturing IQF ready to eat
items-which is classified as one segment . It is exporting its products to USA and also selling them domestically.
The Company is listed on the Bombay Stock Exchange (BSE).
2. StatementofSignificantAccountingPolicies
2.1 BasisofPreparationandMeasurement
(a) Basis of preparation
These financial statements have been prepared in accordance with the Indian Accounting Standards (hereinafter referred
to as the ‘Ind AS’) as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting
Standards) Rules, as amended from time to time.
The financial statements have been prepared on accrual and going concern basis. The accounting policies are applied
consistently to all the periods presented in the financial statements. All assets and liabilities have been classified as current
or non current as per the Company’s normal operating cycle and other criteria as set out in the Division II of Schedule III to
the Companies Act, 2013. Based on the nature of products and the time between acquisition of assets for processing and
their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the
purpose of current or non-current classification of assets and liabilities..
The financial statements are presented in INR, the functional currency of the Company. Items included in the financial
statements of the Company are recorded using the currency of the primary economic environment in which the Company
operates (the ‘functional currency’). Tansactions and balances with values below the rounding off norm adopted by the
Company have been reflected as “0” in the relevant notes in these financial statements. The financial statements of the
Company for the year ended 31st March, 2022 were approved for issue in accordance with the resolution of the Board of
Directors on 30th May, 2022.
(b) Basis of measurement
These financial statements are prepared under the historical cost convention unless otherwise indicated.
2.2 Key Accounting Estimates and Judgments
The preparation of these financial statements in confirmity with the recognition and measurement principles of Ind AS
requires management to make judgments, estimates and assumptions in the application of accounting policies that affect
the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Continuous evaluation is done on the estimation and judgments based on historical experience and other factors, including
expectations of future events that are believed to be reasonable. Revisions to accounting estimates are recognised
prospectively.
2.3 Recent Accounting Development
Recent Indian Accounting Standards (Ind AS)
Ministry of Corporate Affairs ("MCA"), through Companies (Indian Accounting Standards) Amendment Rules, 2019 and
Companies (Indian Accounting Standards) Second Amendment Rules, has notified the following new and amendments to
Ind ASs which the Company has not applied as they are effective from April 1, 2019:
Ind AS 116 – Leases

Ind AS 116 has replaced the existing leases standard, Ind AS 17 Leases. Ind AS 116 sets out the principles for the
recognition, measurement, presentation and disclosure of leases for both lessees and lessors. It introduces a single on-
balance sheet lessee accounting model for lessees. A lessee recognises right-of-use asset representing its right to use the
underlying asset and a lease liability representing its obligation to make lease payments. The standard also contains
enhanced disclosure requirements for lessees. Ind AS 116 substantially carries forward the lessor accounting
requirements in Ind AS 17.

Ind AS 12 – Income taxes(amendments relating to income tax consequences of dividend and uncertainty over
income tax treatments)
The amendment relating to income tax consequences of dividend clarify that an entity shall recognise the income
tax consequences of dividends in profit or loss, other comprehensive income or equity according to where the
entity originally recognised those past transactions or events. The Company does not expect any impact from this
pronouncement. It is relevant to note that the amendment does not amend situations where the entity pays a tax
on dividend which is effectively a portion of dividends paid to taxation authorities on behalf of shareholders. Such
amount paid or payable to taxation authorities continues to be charged to equity as part of dividend, in accordance
with Ind AS 12. .
Ind AS 109 – Prepayment Features with Negative Compensation

The amendments relate to the existing requirements in Ind AS 109 regarding termination rights in order to allow
measurement at amortised cost (or, depending on the business model, at fair value through other comprehensive income)
even in the case of negative compensation payments. The Company does not expect this amendment to have any impact on
its financial statements.
Ind AS 19 – Plan Amendment, Curtailment or Settlement

The amendments clarify that if a plan amendment, curtailment or settlement occurs, it is mandatory that the current
service cost and the net interest for the period after the re-measurement are determined using the assumptions used for
the re-measurement. In addition, amendments have been included to clarify the effect of a plan amendment, curtailment or
settlement on the requirements regarding the asset ceiling. The Company does not expect this amendment to have any
significant impact on its financial statements.
Ind AS 23 – Borrowing Costs

The amendments clarify that if any specific borrowing remains outstanding after the related asset is ready for its intended
use or sale, that borrowing becomes part of the funds that an entity borrows generally when calculating the capitalisation
rate on general borrowings. The Company does not expect any impact from this amendment.
Ind AS 28 – Long-term Interests in Associates and Joint Ventures

The amendments clarify that an entity applies Ind AS 109 Financial Instruments, to long-term interests in an associate or
joint venture that form part of the net investment in the associate or joint venture but to which the equity method
is not applied. The Company does not expect any impact from this amendment.
Ind AS 103 – Business Combinations and Ind AS 111 – Joint Arrangements

The amendments to Ind AS 103 relating to re-measurement clarify that when an entity obtains control of a business that is
a joint operation, it re-measures previously held interests in that business. The amendments to Ind AS 111 clarify that
when an entity obtains joint control of a business that is a joint operation, the entity does not re-measure previously held
interests in that business. The Company will apply the pronouncement if and when it obtains control / joint control of a
business that is a joint operation.
2.4 Significant Accounting Policies
Revenue recognition
The Company earns revenue primarily from growing and processing of mushrooms and manufacturing IQF ready to eat
items.
Effective April 1, 2018, the Company has applied Ind AS 115 which establishes a comprehensive framework for
determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind AS 18 Revenue and Ind AS
11 Construction Contracts. The Company has adopted Ind AS 115 using the cumulative effect method. The effect of initially
applying this standard is recognised at the date of initial application(i.e. April 1, 2018). The standard is applied
retrospectively only to contracts that are not completed as at the date of initial application and the comparative

information in the statement of profit and loss is not restated– i.e. the comparative information continues to be reported
under Ind AS 18 and Ind AS 11.
ReferSignificant accounting policies – Revenue recognition in the Annual report of the Company for the year ended March
31, 2018, for the revenue recognition policy as per Ind AS 18 and Ind AS 11. The impact of the adoption of the standard on
the financial statements of the Company is insignificant.
(a) Property, Plant and Equipment:

Property, plant and equipment is stated at acquisition cost net of accumulated depreciation and accumulated impairment
losses, if any. Property, plant and equipment acquired in a business combination are recognised at fair value at the
acquisition date. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as
appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and
the cost of the item can be measured reliably. All other repairs and maintenance cost are charged to the Statement of Profit
and Loss during the period in which they are incurred. Gains or losses arising on retirement or disposal of property, plant
and equipment are recognised in the Statement of Profit and Loss. Property, plant and equipment which are not ready for
intended use as on the date of Balance Sheet are disclosed as “Capital work-in-progress”. Depreciation is provided on a
straight line value method based on estimated useful life prescribed under Schedule II to the Companies Act, 2013 with the
exception of the following: Property, Plant and Equipment is depreciated over 3 to 30 years based on the technical
evaluation of useful life done by the management. Assets costing ` 5,000 or less are fully depreciated in the year of
purchase. Freehold & Leasehold Land is not depreciated. The residual values, useful lives and method of depreciation of
property, plant and equipment is reviewed at each financial year end and adjusted prospectively, if appropriate. The
company has not charged the depreciation on the dormant assets. These assets were ideal for 3 or more years and there
were no production or usage of the said assets.
Separately purchased intangible assets are initially measured at cost. Intangible assets acquired in a business combination
are recognised at fair value at the acquisition date. Subsequently, intangible assets are carried at cost less any accumulated
amortisation and accumulated impairment losses, if any.
The useful lives of intangible assets are assessed as either finite or indefinite. Finite-life intangible assets are amortised on
a straight- line basis over the period of their expected useful lives. Estimated useful lives by major class of finite-life
intangible assets are as follow–
Design-10 years
Know-how - 10 years
Computer software - 5 years
(b) Intangible Assets:
(b) Separately purchased intangible assets are initially measured at cost. Intangible assets acquired in a business
combination are recognised at fair value at the acquisition date. Subsequently, intangible assets are carried at cost less
any accumulated amortisation and accumulated impairment losses, if any. he useful lives of intangible assets are
assessed as either finite or indefinite. Finite-life intangible assets are amortised on a straight-line basis over the period
of their expected useful lives. Estimated useful lives by major class of finite-life intangible assets are as follows:
(c) Investments in Subsidiaries,AssociatesandJointVentures:
Investments in subsidiaries, associates and joint ventures are carried at cost less accumulated impairment losses, if any.
Where an indication of impairment exists, the carrying amount of the investment is assessed and written down
immediately to its recoverable amount. On disposal of investments in subsidiaries, associates and joint venture, the
difference between net disposal proceeds andthe carrying amounts are recognized in the Statement of Profit and Loss.
(d) Inventories:
Inventories are valued at the lower of cost and net realisable value. Cost is computed on a weighted average basis. Cost of
finished goods and work-in-progress include all costs of purchases, conversion costs and other costs incurred in bringing
the inventories to their present location and condition. The net realisable value is the estimated selling price in the
ordinary course of business less the estimated costs of completion and estimated costs necessary to make the sale.
(e) Cash and Cash Equivalents:
Cash and cash equivalents are short-term (three months or less from the date of acquisition), highly liquid investments
that are readily convertible into cash and which are subject to an insignificant risk of changes in value.
(f) Assets Held for Sale:
Non-current assets or disposal groups comprising of assets and liabilities are classified as ‘held for sale’ when all of the
following criterias are met: (i) decision has been made to sell. (ii) the assets are available for immediate sale in its present
condition. (iii) the assets are being actively marketed and (iv) sale has been agreed or is expected to be concluded within
12 months of the Balance Sheet date.
Subsequently, such non-current assets and disposal groups classified as ‘held for sale’ are measured at the lower of its
carryingvalue and fair value less costs to sell. Non-current assets held for sale are not depreciated or amortised.

(g) FinancialInstruments:
Financial Assets:
Financial assets are recognised when the Company becomes a party to the contractual provisions of the instrument.On
initial recognition, a financial asset is recognised at fair value. In case of financial assets which are recognised at fair value
through profit and loss (FVTPL), its transaction cost is recognised in the statement of profit and loss. In other cases, the
transaction cost is attributed to the acquisition value of the financial asset.
Financial assets are subsequently classified and measured at

- amortised cost
-fair value through profit and loss (FVTPL)
-fair value through other comprehensive income (FVOCI)
Financial assets are not reclassified subsequent to their recognition, except if and in the period the Company changes its
business model for managing financial assets.
Trade Receivables and Loans:
Trade receivables are initially recognised at fair value. Subsequently, these assets are held at amortised cost, using the
effective interest rate (EIR) method net of any expected credit losses. The EIR is the rate that discounts estimated future
cash income through the expected life of financial instrument.
Debt Instruments:
Debt instruments are initially measured at amortised cost, fair value through other comprehensive income (‘FVOCI’) or fair
value through profit or loss (‘FVTPL’) till derecognition on the basis of (i) the Company’s business model for managing the
financial assets and (ii) the contractual cash flow characteristics of the financial asset.
(i) Measuredatamortisedcost:
Financial assets that are held within a business model, whose objective is to hold financial assets in order to collect
contractual cash flows that are solely payments of principal and interest, are subsequently measured at amortised cost
using the effective interest rate (‘EIR’) method less impairment, if any. The amortisation of EIR and loss arising from
impairment, if any is recognised in the
(ii) Measuredatfairvaluethroughothercomprehensiveincome:
Financial assets that are held within a business model whose objective is achieved by both, selling financial assets and
collecting contractual cash flows that are solely payments of principal and interest, are subsequently measured at fair
value through other comprehensive income. Fair value movements are recognized in the other comprehensive income
(OCI). Interest income measured using the EIR method and impairment losses, if any are recognised in the Statement of
Profit and Loss. On derecognition, cumulative gain or loss previously recognised in OCI is reclassified from the equity to
‘other income’ in the Statement of Profit and
(iii) Measuredatfairvaluethroughprofitorloss:
A financial asset not classified as either amortised cost or FVOCI, is classified as FVTPL. Such financial assets are measured
at fair value with all changes in fair value, including interest income and dividend income if any, recognised as ‘other
income’ in the Statement of Profit and Loss.
Equity Instruments:
All investments in equity instruments classified under financial assets are initially measured at fair value; the Company
may, on initial recognition, irrevocably elect to measure the same either at FVOCI or FVTPL.
The Company makes such election on an instrument-by-instrument basis. Fair value changes on an equity instrument
isrecognised as ‘other income’ in the Statement of Profit and Loss unless the Company has elected to measure such
instrument at FVOCI. Fair value changes excluding dividends, on an equity instrument measured at FVOCI are recognised
in OCI. Amounts recognised in OCI are not subsequently reclassified to the Statement of Profit and Loss. Dividend income
on the investments in equity instruments are recognised as ‘other income’ in the Statement of Profit and Loss.
Derivative Financial Instruments:

The Company uses derivative financial instruments, such as forward currency contracts to hedge its foreign currency risk.
Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is
entered into and are subsequently re-measured at fair value. Any changes therein are recognised in the statement of profit
and loss account. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when
the fair value is negative.

Derecognition
The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire,
or it transfers the contractual rights to receive the cash flows from the asset.
Impairment of Financial Asset

The Company applies expected credit losses (ECL) model for measurement and recognition of loss allowance on the
following:
i. Trade receivables
ii. Financial assets measured at amortized cost (other than trade receivables)
iii. Financial assets measured at fair value through other comprehensive income (FVTOCI)
In case of trade receivables, the Company follows a simplified approach wherein an amount equal to lifetime ECL is
measured and recognized as loss allowance.
In case of other assets (listed as ii and iii above), the Company determines if there has been a significant increase in credit
risk of the financial asset since initial recognition. If the credit risk of such assets has not increased significantly, an amount
equal to 12-month ECL is measured and recognized as loss allowance. However, if credit risk has increased significantly,
an amount equal to lifetime ECL is measured and recognized as loss allowance.
Subsequently, if the credit quality of the financial asset improves such that there is no longer a significant increase in credit
risk since initial recognition, the Company reverts to recognizing impairment loss allowance based on 12-month ECL.
ECL is the difference between all contractual cash flows that are due to the Company in
accordancewiththecontractandallthecash flowsthattheCompanyexpectstoreceive(i.e.,allcash
shortfalls),discountedattheoriginal effectiveinterestrate.
Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a financial
asset. 12- month ECL are a portion of the lifetime ECL which result from default events that are possible within 12 months
from the reporting date.
ECL are measured in a manner that they reflect unbiased and probability weighted amounts determined by a range of
outcomes, taking into account the time value of money and other reasonable information available as a result of past
events, current conditions and forecasts of future economic conditions.
As a practical expedient, the Company uses a provision matrix to measure lifetime ECL on its portfolio of trade receivables.
The provision matrix is prepared based on historically observed default rates over the expected life of trade receivables
and is adjusted for forward-looking estimates. At each reporting date, the historically observed default rates and changes
in the forward-lookingestimates are updated.
ECL impairment loss allowance (or reversal) recognized duringtheperiodisrecognisedasincome/expensein
theStatementofProfitandLossunderthehead‘Otherexpenses’.
Financial Liabilities:
Initial recognition and measurement
Financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities are initially measured at the amortised cost unless at initial recognition, they are classified as fair value
through profit and loss. In case of trade payables, they are initially recognised at fair value and subsequently, these
liabilities are held at amortised cost, using the effective interest rate method.
Subsequent measurement
Financial liabilities are subsequently measured at amortised cost using the EIR method. Financial liabilities carried at fair
value through profit or losses are measured at fair value with all changes in fair value recognised in the Statement of Profit
and Loss.
Derecognition
A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled or expires.
(h) ProvisionsandContingentLiabilities:
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to
settle the present obligation at the Balance Sheet date.
If the effect of the time value of money is material, provisions are discounted to reflect its present value using a current pre-tax
rate that reflects the current market assessments of the time value of money and the risks specific to the obligation. When
discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the
Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be
required to settle the obligation or a reliable estimate of the amount cannot be made.
.
(i) Revenue Recognition:

Revenue from sale of goods is recognised when all the significant risks and rewards of ownership in the goods are transferred to
the buyer as per the terms of the contract, there is no continuing managerial involvement with the goods and the amount of
revenue can be measured reliably. The Company retains no effective control of the goods transferred to a degree usually
associated with ownership and no significant uncertainty exists regarding the amount of the consideration that will be derived
from the sale of goods. Revenue is measured at fair value of the consideration received or receivable, after deduction of any trade
discounts, volume rebates and any taxes or duties collected on behalf of the government which are levied on sales such as sales
tax, value added tax, goods and services tax, etc.
Income from export incentives such as duty drawback and premium on sale of import licenses and lease license fee are
recognised on accrual basis.
Income from services rendered is recognised based on agreements/ arrangements with the customers as the service is performed
in proportion to the stage of completion of the transaction at the reporting date and the amount of revenue can be measured
reliably.
Interest income is recognized using the effective interest rate (EIR) method.
Dividend income on investments is recognised when the right to receive dividend is established.
(j) Government Grant:

The Company was entitled to ‘MEIS Scheme’ under export incentive till Jnauary 2021. Now, Company is entlied to 'RoDTEP
Scheme under new export incentive scheme. Such incentive are measured at amount receivable from the government and are
recognised as other operating revenue. The Company will comply with all necessary conditions attached to incentives.
.
(k) Expenditure:
Expenses are accounted on accrual basis.
(l) Employee Benefits:
Defined contribution plans
Contributions to defined contribution schemes such as employees state insurance are charged as an expense based on the amount
of contribution required to be made as and when services are rendered by the employees. Company’s provident fund
contribution, in respect of certain employees, is made to a government administered fund and charged as an expense to the
Statement of Profit and Loss.
Retirementandotheremployeebenefits
(i) Retirement benefit in the form of Provident Fund is a defined contribution scheme and the contributions are charged to
the Profit and Loss Account of the year when the contributions to the respective funds are due. There are no other
obligations other than the contribution payable to the respective funds.
Gratuity liability is a defined benefit obligations and are provided for on the basis of valuation made at the end of each
(ii) financial year.
(iii) No provision is made for unencashable short term compensated absences.
(m) Impairment of Non-Financial Assets:
Assessment for impairment is done at each Balance Sheet date as to whether there is any indication that a non-financial asset
may be impaired. Indefinite life intangibles are subject to a review for impairment annually or more frequently if events or
circumstances indicate that it is necessary. For the purpose of assessing impairment, the smallest identifiable group of assets
that generates cash inflows from continuing use that are largely independent of the cash inflows from other assets or groups of
assets is considered as a cash generating unit. Goodwill acquired in a business combination is, from the acquisition date,
allocated to each of the Company’s cash-generating units that are expected to benefit from the synergies of the combination,
irrespective of whether other assets or liabilities of the acquiree are assigned to those units.
If any indication of impairment exists, an estimate of the recoverable amount of the individual asset/cash generating unit is
made. Asset/cash generating unit whose carrying value exceeds their recoverable amount are written down to the recoverable
amount by recognising the impairment loss as an expense in the Statement of Profit and Loss. The impairment loss is allocated
first to reduce the carrying amount of any goodwill (if any) allocated to the cash generating unit and then to the other assets of
the unit, pro rata based on the carrying amount of each asset in the unit. Recoverable amount is higher of an asset’s or cash
generating unit’s fair value less cost of disposal and its value in use. Value in use is the present value of estimated future cash
flows expected to arise from the continuing use of an asset or cash generating unit and from its disposal at the end of its useful

life. Assessment is also done at each Balance Sheet date as to whether there is any indication that an impairment loss
recognised for an asset in prior accounting periods may no longer exist or may have decreased, basis the assessment a reversal
of an impairment loss for an asset other than goodwill is recognised in the Statement of Profit and Loss account.
(n) Income Taxes:

Income tax expense for the year comprises of current tax and deferred tax. It is recognised in the Statement of Profit and Loss
except to the extent it relates to a business combination or to an item which is recognised directly in equity or in other
comprehensive income.
Current tax is the expected tax payable/receivable on the taxable income/loss for the year using applicable tax rates at the
Balance Sheet date, and any adjustment to taxes in respect of previous years. Interest expenses and penalties, if any, related to
income tax are included in finance cost and other expenses respectively. Interest Income, if any, related to Income tax is
included in current tax expense.
Deferred tax is recognised in respect of temporary differences between the carrying amount of assets and liabilities for
financial reporting purposes and the corresponding amounts used for taxation purposes.
A deferred tax liability is recognised based on the expected manner of realisation or settlement of the carrying amount of assets
and liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax assets are
recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be
utilised. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that the
related tax benefit will be realised.
Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised
amounts and there is an intention to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax
liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities; and the
deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority.
(o) Leases:
Leases in which a substantial portion of the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments and receipts under such leases are recognised to the Statement of Profit and Loss on a straight-line
basis over the term of the lease unless the lease payments to the lessor are structured to increase in line with expected general
inflation to compensate for the lessor’s expected inflationary cost increases, in which case the same are recognised as an
expense in line with the contractual term.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards incidental
to ownership to the lessee.
(p) Foreign Currencies:
Foreign currency transactions are translated into the functional currency using exchange rates at the date of the transaction.
Foreign exchange gains and losses from settlement of these transactions, and from translation of monetary assets and
liabilities at the reporting date exchange rates are recognised in the Statement of Profit and Loss.
Earnings Per Share:
Basic earnings per share is computed by dividing the net profit for the period attributable to the equity shareholders of the
Company by the weighted average number of equity shares outstanding during the period. The weighted average number of
equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other
than the conversion of potential equity shares that have changed the number of equity shares outstanding, without a
corresponding change in resources.
For the purpose of calculating diluted earnings per share, the net profit for the period attributable to equity shareholders and
the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity
shares.

Notesto thestandalone financialstatements forthe yearendedMarch31,2021
Note 3: Property, plantand equipment
(Allamounts inRsinlacsunless otherwise stated)
Freeho Leaseh Freehol Leasehol Furnitur Plantan Capital
Particulars ldlan oldla dBuildi dbuildin e,fitting dmachin Vehicl Total Work
d nd ng g sand ery e Inprogr
ess
Particulars Freeh Lease Freeh Leaseho Furnitu Plant Vehicl Total Capital
Year ended 31 March old hold old ld re, and e Work In
2021
Gross carrying amount land land Buildi buildin fittings machin progress
ng g and ery
Deemed cost as at 1 1483 81 7189 418 135 16301 618 26225 5491
equipm
April 2020
Additions 0 0 0 0 0 0 0 0
ent
Disposals 0 0 0 0 0
Closing gross carrying 1483 81 7189 418 135 16301 618 26225 5491
amounts
Accumulated
0 2002 183 115 9509 537 12345 0
depreciation
Depreciation Charged 0 253 11 6 752 25 1048 0
during the year
Closing Accumulated 0 0 2255 194 121 10260 562 13392 0
depreciation
Net Carrying Amount 1483 81 4934 224 14 6041 56 12833 5491
Year ended 31 March
2022
Gross carrying amount
Opening gross carrying 1483 81 7189 418 135 16301 618 26225 5491
amount **
Additions 0 0 263 0 72 139 0 474 0
Assets classified as 0 0 0 0 0 0 0 0 0
held for sale
Disposals 0 0 7 0 0 9 0 16 0
Transfers 0 0 0 0 0 0 0 0 0
Closing gross carrying
amounts 1483 81 7445 418 207 16431 618 26683 5491
Accumulated
depreciation
Opening and
accumulated 0 0 2255 194 121 10260 562 13392 0
impairment
depreciation
Depreciation Charged 0 0 252 11 5 390 16 674 0
During the Year
Impaiment loss 0 0 0 0 0 0 0 0 0
Disposals 0 0 0 0 0 0 0 0 0
Note:
Capital work in progress as at 31st March, 2022 is ` 5491 lacs (31st March, 2021: ` 5491 lacs)
Company has not charged depreciation on dormant assets.

Notes to the standalone financial statements for the year ended March 31, 2022
Notearticulars No of Shares Amount
8 Equity Share Capital and Other Equity

(a) EquityShareCapital
AuthorisedEquityShareCapital 7,50,00,000 7,50,000

Asat31.03.2020
Increaseduringtheyear 0 0
Asat31.03.2021 7,50,00,000 7,50,000

Particulars No of Shares Equity share capital
par value
MovementinequitysharecapitalAsat31.
03.2020 57872900 5787.29
Less:Applicationmoneyforfieted 358.02
Asat31.03.2021 57872900 6145.31
Terms and rights attached to equity shares
Equity shares have par value of INR 10. They entitle the holder to participate in dividends, and to share in the
proceeds of winding up the company in proportion to the number of and amounts paid on the shares held.
Every holder of equity shares present at a meeting in person or proxy is entitled to one vote, and upon a poll each
share is entitled to one vote.
(b)
(b) Reserves and surplus
Particulars As at March As at March 31,
31, 2022 2021
Capital reserve 1322 1322

Securities premium reserve 3378 3378
Retained earnings 5248 -4276
Total 9948 424
(i) Capital Reserve

Opening balance 1322 1322
Closing balance 1322 1322
(ii) Securities premium reserve
Opening balance 3378 3378
(ii) Retained earnings
Opening balance -4276 -4528
Profit for the year 9524 252
Closing balance 5248 -4276

B. Natureandpurposeofreserves
(a) CapitalReserve:CapitalSubsidiesreceivedbythecompanyistreatedascapitalreserve.
(b)SecuritiesPremiumReserve:TheamountreceivedinexcessoffacevalueoftheequitysharesisrecognisedinSec
uritiesPremiumReserve.
(c)GeneralReserve:TheCompanyhastransferredaportionofthenetprofitoftheCompanybeforedeclaringdividen
dtogeneralreservepursuanttotheearlierprovisionsofCompaniesAct,1956.Mandatorytransfertogeneralreservei
snotrequiredundertheCompaniesAct,2013.
(d) RetainedEarnings:RetainedearningsaretheprofitsthattheCompanyhasearnedtilldate,lessanytransferstoge
neralreserve,dividendsorotherdistributionspaidtoshareholders.
C. CapitalManagement
Equity share capital and other equity are considered for the purpose of Company’s capital management.
The Company manages its capital so as to safeguard its ability to continue as a going concern and to optimise
returns to shareholders. The capital structure of the Company is based on management’s judgment of its
strategic and day-to-day needs with a focus on total equity so as to maintain investor, creditors and market
confidence.
The management andtheboardofdirectorsmonitorsthereturnoncapitalas well asthelevelofdividends to
shareholders. The
Companymaytakeappropriatestepsinordertomaintain,orifnecessaryadjust,itscapitalstructure.
(All amounts in Rs in lacs unless otherwise stated
Rate of As at
Maturity Terms of As at March
Note Particulars Interest March 31,
Date repayment 31, 2020
% 2022
9 Financial liabilities
(a) Non-current borrowings
Secured
Term Loans
From Banks
Rupee Loan 30.06.2024 Quarterly 11.30 12418
Rupee Loan 30.06.2024 Quarterly 10.65 243
Long term maturities of finance lease
obligations
Obligations under finance leases 31.03.2021 Monthly 11.00 13
Rupee Loan Payable on demand 11.30 5440
Total Non-Current Borrowing 18114
Less Current maturities on long term debt (OTS Amount) 0

Less Current maturities on loan from other 13
Parties
Total Non-Current Borrowings (As per Balance Sheet) 18101

(b) Current borrowings
From Banks
Rupee Loan Payable on demand 11.30 0 0
Total Current Borrowing 0 0
1. Secured borrowings and assets pledged as security:

Term Loans are secured by First pari passu charge over the entire fixed assets of the company at Paonta sahib
a
(H.P.) and Mehsana (Gujarat), with Joint Lending Forum comprising SBI,Corporation Bank, Bank of Baroda and
Exim Bank, alongwith personal guarantees of the Directors and Promotors.
All working capital limits are secured by first pari passu charge over the entire current assets of the company,
b.
along with personal guarantees of promoters.
2. The company Bank accounts are NPA since March 2018.
3. Loan Account from Banks have been shown at the full value as on the date of NPA. The OTS settled by banks is
Rs. 8,290 Lakhs out of which Rs. 2,522 Lakhs have been paid till 31.03.2022. The amount is shown as other
financial liability under the head current liabilities.

Note Particulars As at March 31, As at March 31,

2022 2021
9(c) Other Financial liabilities

Non-Current (Other)
Advances and deposits from customers 335 335
Total Other Non-current Financial liabilities 335 335
Current
OTS Payable with interest 7132 0
Current maturities on finance lease obligations 0 1
Total Other current Financial liabilities 1 13
9(d) Trade payables

Current
Trade payables 1319 1554
Total 1319 1554
10 Other Current Liabilities

Other payables
Expense payable 215 248
Security from Customer 1 2
TDS payable (tax deducted at source) 25 2
Employees State Insurance payable 4 15
Employees Provident Fund payable 54 42
Total 299 309

Contingent Liabilities not provided for
Particulars As at March 31, As at March 31,
2022 2021
Guarantees and Counter guarantees given by the Company 48 48
Letter of credit 0 0
Excise duty on Domestic Tariff Areas sales pending in 4 4
Delhi Tribunal
Corporate Guarantee given 1 1
Income Tax AY 2012-13 Appeal Pending before 729 729
HC
Sales Tax 26 5
Liability in the Dispute with JV Partner Simplot at SIAC 2970 2970
(Detail Given at Point j in Notes to accounts)
Notes to the standalone financial statements for the year ended March 31,
2022
Note Particulars 31-Mar-22 31-Mar-21
11
(a) Provisions Current Non- Total Current Non-
current current Total
Provision for tax 0 185 185 0 185 185
Total 0 185 185 0 185 185
Deferred Payment Liabilities 2022 2021

Particulars
Deferred Current Assets (Liabilities) as per Balance Sheet --454 -584
Deferred Tax Liability
Depreciation as per Companies Act 674 1046
Depreciation as per Income Tax Act 500 521
Difference -174 -525
Deferred Tax Liability -48 -146
Deferred Tax Assets on 43B Items
PF (Employers Share) not deposited as on 31.03.2022 54 42

ESI (Employers Share) not deposited as on 31.03.2022 4 15
Total 58 57
Deferred Tax Asset 16 16
32 130
Net Deferred Tax Liability -422 -454
Particulars March 31,2022 March 31,2021
(b) Employee Benefit obligation Current Non- Total Current Non- Total
current current
Provision for employee benefits
Provision for gratuity 10 71 81 2 80 82
Provision for leave 0 0 0 0 0 0
encashment
Total 10 71 81 2 80 82

Brief Description: Ageneral descriptionof thedefinedbenefitplans is givenbelow:-
(a)EarnedLeave Benefit(EL)
Accrual-1leave per 20working days
Accumulationupto30daysallowed
ELaccumulatedinexcessof 30days is lapsed
(b)SickLeave (SL)
Accrual-7daysper year
Encashmentwhile inserviceis notallowed
Encashmentonretirementis permittedas per Companypolicy.
(c)Gratuity:
Gratuityprovisonhas beenmadeaccording totheprescribedlaw.
( d)Post-RetirementMedical Benefits
There is nopost-retirementmedical benefitinthecompany
(e)RetirementBenefits
Atthetimeof superannuation,employeesareentitledfor reimbursementof expensestowardstravel,transportationof
personaleffectsfromtheir placeof retirementtothenewlocationupto certainlimitsdepending onthedesignationof the
employee atthetimeandonemonth'ssalaryas settling allowance.
The following contributions to Defined Contributions plans are treated as expense

during the year :
Defined Contribution Plan Expenses Contribution for key

recognised management
during personnel
Employer's contribution to provident fund 10 0.22

(Previous year) 24 0.22
Employer's Contribution to Employee State 1 0.00
Insurance
(Previous year) 4 0.00
The amount recognised in the balance sheet for post-employment benefit plans are as
under :
Particulars Gratuity Post- Other Retirement

(Unfunded) Retirement Benefits
Medical
Benefit
Present value of unfunded 81 0 0
obligation
(Previous year) 93 0 0

Himalaya FoodI nternational Ltd.
Notes to the standalone financial statements for the year ended March31, 2022

Note Particulars As at March As at March 31,
31, 2022 2021
4(a): Non-current investments

Unquoted
Investment carried at cost
Investment in equity instruments of subsidiaries
Himalya Green Apartments Limited 5 5
50,000 (50,000) shares of Rs. 10 each fully paid up
Appetizer and Snacks Foods 5 5
Limited
50,000 (50,000) shares of Rs. 10 each fully paid up
Total non-current investments 10 10
Information about subsidiaries and joint ventures

Name of the company Country of Principal Proportion (%) of equity interest
incorporation activities
As at March As at March 31,
31, 2021 2020
Subsidiaries
Himalya Green Apartments Ltd India Real estate 100 100
Company
Appetizer and Snacks Foods Ltd India Manufacturing 100 100
Joint Venture
Himalya Simplot Pvt Ltd. India FMCG business 50 50
Note Particulars As at March As at March

31, 2022 31, 2021
4(b) Loans
Unsecured, considered good
Advance to associates
- APJ Laboratories Ltd 557 567
557 567
4(c) Other Financial Assets

Deposits to others 50 51
Subsidy and Other Receivables
Capital Subsidy 319 319
Other loans and advances
Advance tax and tax deducted at 217 217
source
Total 586 587

4(d) Trade Receivables
Trade Receivable 3053 2639
Total Receivable 3053 2639
Current Portion 0.00 859
Non- Current Portion 0.00 1780
4(e) Cash and Cash Equivalents

Balances with banks:
On current accounts with scheduled banks 6.0 2
On EEFC accounts 0.3 0
Cash on hand 0.3 1
Total 6.6 3
4(f) Other bank balances

Fixed deposits with Banks 69 105
Total 69 105
5 Other Non-Current Assets

Advances to suppliers 150 147
TDS / GST receivable 279 289
Subsidy and incentive receivable 1121 928
MAT Credit entitlements 96 96
Total 1646 1460
6 Inventories
Raw Materials 211 233
Work-in-Progress 395 386
Finished Goods 1173 774
Store & Spares 45 98
Total 1824 1491
7 Other Current Assets

Prepaid Insurance 7 4
Deposited in OTS Scheme 0 2044
Total 7 2048
12 Revenue from Operations

Sale of goods
Sales- Export 3412 3447
Sales- Domestic 2847 2189
Total 6259 5636
13 Other Income
Interest income 3 6
Duty draw back 3 2
Other Income 85 60
Profit on Sale of Machinery 0 0
Income from Forfieted of Share Application Money 0 0

Export Incentives 200 120
Total 291 188
14 Raw Material & Consumables Consumed

Raw material at the beginning of the year 331 398
Add:
Purchases 2605 2333
Freight inward 18 14
Packing Expenses& other 31 29
Less: Raw material at the end of the year 256 331
Total 2729 2443
15 Changes in inventories of finished goods and work-in-progress

Opening Stock
Goods in process 386 424
Finished goods 774 716
1160 1140
Closing Stock
1568 1160
(Increase)/Decrease in inventories -408 -20
16 Employee benefit expense

Salaries, wages and bonus 307 346
Contribution to
Provident Fund 10 11
Employees' State Incorporation Fund 1 2
Gratuity 0 2
Staff welfare expenses 3 6
Total 321 367
Directors’ remuneration
(included under employee benefit expense)
Salaries to Managing Director 60 60
Salaries to Whole Time Director 19 19
Contribution to provident fund 0 0
79 79
17 Depreciation and amortisation expense

Depreciation of property, plant and 674 1046
equipment
Total 674 1046
18 Other expenses
Power and fuel 657 541
Rent:
- Offices and Godowns 4 4
Rates and taxes 50 12
Insurance 11 8

Repairs and maintenance:
- Plant and machinery 7 17
- Building 0 0
- Others 0 0
Advertisement and sales 1 1
promotion
Postage and courier 1 1
Travelling and conveyance 24 38
Printing and stationery 2 1
Communication 2 3
Legal and professional 27 35
Payment to Auditors 7 3
Selling Expenses 933 892
Misc exp. 9 6
Freight Outward 241 191
Other expenses 85 90
Total 2061 1844
Auditor's Remuneration
Professional Fee
-Audit Fees 3 3
-Tax Audit Fees 0 0
Reimbursement of Expenses 0 0
3 3
19 Finance cost
Interest and finance charges on financial liabilities not at fair 36 23
value through profit or loss
Total 36 23
Assets Taken on Operating Lease

A The compay has taken various residential, office, warehouse and plot under operating lease agreements.
The lease agreements generally have an escalation clause and there are no subleases. These leases are
generally not non-cancellable and are renewable by mutual concent on mutually agreed terms. There are
no restriction imposed by lease agreement.
B The aggregate lease rentals payables are charged as 'Rent ' in note 18.
C The year wise breakup of future lease payments in respect of leased premises are as under:
Particulars Year ended Year ended

March 31, 2022 March 31, 2021
Minimum lease payments:
Not later than 1 year 5 5
Later than 1 year but not later than 5 years 0 0
Later than 5 years 0 0


20 Disclosures pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and Section 186 of the Companies Act, 2013

A Loans and advances in the nature of loans given to the subsidiaries, associates and others and investment in shares
of the company, by such companies:
Year Year ended
ended
31-Mar- 31-Mar-
2022 2021
(i) Loans and advances
APJ Laboratories Ltd 557 567
(ii) Sundry Creditors
Doon Valley Foods Pvt Ltd. 376 391
(iii) Investment in shares of subsidary companies:
Himalya Green Apartments Ltd (100% Subsidiary) 5 5
(50000 shares of Rs. 10 each fully paid up)
Appetizer and Snacks Foods Ltd (100% Subsidiary) 5 5
b Related party disclosures

Name of related parties
Key Management Personnel and their relatives Mr. M.M. Malik
Mrs.Sangita Malik
Enterprises over which key management personnel / shareholders and their Himalya Carbonates Pvt. Ltd.
relatives have significant influence Doon Valley Foods Pvt. Ltd.
APJ Laboratories Ltd
Himalya Simplot Pvt Ltd.
Subsidiary companies Himalya Green Apartments
Ltd (100% Subsidiary)
Appetizer and Snacks Foods
Nature of transaction Year ended Year ended

31-Mar-2022 31-Mar-
2021
(i) Managerial remuneration
Mr. M.M. Malik 60 60
Mrs.Sangita Malik 19 19
(ii) Loans and advances
(iii) Sundry Creditors
Purchase Value 365 385
(iv) Investment in shares of subsidary companies:
c Details of dues to Micro and Small Enterprise s as per MSMED Act, 2006
The classification of the suppliers under MSMED Act, 2006 is made on the basis of information made available to
the Company. The Company has neither paid any interest in the terms of section 16 of the above said act nor any
interest remains unpaid and no payments were made beyond the "appointed date" to such enterprises during
the year ended 31.03.2022. Amount outstanding to these enterprises to the year ended 31.03.2021 is Rs. Nil
(previous year Rs. Nil).

d Segment Disclosure
Primary Segment
We have to segment Agriculture and Processed foods . In Agriculture we produced fresh Mushroom, sale as
fresh , chilled . And in process food we sell canned Mushroom ,Frozen Appetizers , we maintianed both
segments books sepretaly Profit & loss accounts of both are as under:
Particular Agri Div. Mfg Div. Total

By Sales
By Sales 750 4920 5670
By Other Income 0 291 291
By Transfer to process
Div 589 0 589
Total 1339 5211 6550
By Closing Stock
- Raw Material 27 229 256
- Work in Progress 223 172 395
- Fineshed Goods 70 1103 1173
To Opening Stock
Increase/decrease in -149 482 333
Stock
Total Income 1190 5693 6883
To Purchases Raw-
Material 0 1852 1852
To Purchase of Fresh
Mushroom 0 0 0
To Agriculture
Expenses Raw -Mat 753 0 753
To Growing Expenses 273 0 273
To Manufacturing Exp. 0 433 433
To Repair 6 1 7
To Financial Exp. 6 30 36
To Depreciation 104 570 674
To Employee Salary 74 247 321
To Freight Out Ward 17 224 241
To Selling Exp. 7 926 933
To Admin Exp. 16 207 223
Total Expenses 1256 4490 5746
To Net Earnings -66 1203 1137

Information about the Secondary Segments
Revenue and sundry debtors as per geographical markets
Particulars Revenue Sundrydebtors

2022 2021 2022 2021
India 2847 2189
OutsideIndia 3412 3447
Total
6259 5636
TheCompanyhascommonfixedassetsforproducinggoodsfordomesticMarketandOverseasMarket.Hence,separatefigur
esforfixedassets/additionstofixedassetscannotbefurnished.
E Earningpershares(E.P.S.) Yearended31- Yearended31-

Mär-2021 Mär-2020
BasicE.P.S.
16.46 0.44
DilutedE.P.S.
16.46 1.71
CalculationofbasicE.P.S.
a)Netprofitfortheyearattributabletoequityshareholders
9524 252
b)Weightedaveragenumberofequityshares
57872604 57872604
c)Basicearningspershare(a/b)
16.46 0.44
d)Nominalvaluepershare Rs. 10/- Rs.10/-
Calculationofdilutedshares
Weightedaveragenumberofequityshares
Numberofsharesinrespectofshareswarrants
57872604 57872604
Total:
F DisclosureoftheCompany'sinterestInjointlycontrolledassets:
TheCompanyhasinterestinthefollowingjointlycontrolledentity:
Name Of the company Company's interest AmountofInvestment (In Partnersand their

Lakhs) participatinginterest
HimalyaSimplot Private Ltd. 50% 114936 Simplot India LLC 50%
The Company had invested in 50% shareholding of Himalya Simplot Private Limited (the "joint venture")
which was managed by the JV partner, Simplot India LLC.
The Company has access to the audited accounts of the joint venture for the financial year ended 31 March
2014. Audited financial statements for subsequent years have not been made available to the Company.
Based on information available with the Company that the operations of the joint venture have ceased, the
Management, as a measure of abundant prudence, made a provision for dimunition in the value of the
investment made in the entity in the financial year ended 31 March 2014.

Consequently accounts of Jointly held entity are not consolidated with the company's accounts.
The Company as well Simplot India LLC have preferred counter claims against each other.
a. Simplot India LLC has invoked arbitration at Singapore which the Company has challenged on
grounds of jurisdiction. The Company has been legally advised that the claim of Simplot India LLC
is untenable and liable to be rejected or substantially diluted, and accordingly, no provision is
considered necessary.
b. The Company has filed case against Simplot India LLC before the Hon'ble Delhi High Court,
which has been directed to Delhi High Court arbitration centre.
g There are no material prior year items included in the Statement of Profit and Loss, except to the extent
disclosed at the appropriate place in the Notes.
h During the year there is no liability to pay MAT as there is carried forward business loss.
i Transfer pricing
The Company is of the opinion that its domestic transactions with related parties is at arm's length and in
compliance with thetransfer pricing legislation. The management believes that the aforesaid legislation will not have
any impact on the financial statements, particularly on its tax expense and liability.
J Explanatory Note :In the dispute that arose with Erstwhile JV partner Simplot USA in 2013, the Singapore
International Arbitration Center ( SIAC) awarded US $ 3.96 mm with further interest @ 5.33% till the date of
payment from the date of award to be payable by the Company and in turn the sale of French Fry line and
Specialty Potato Lines stands cancelled and has been reverted back to the Company. The Tribunal has directed
Simplot to return the Pieces and Penals removed from French Fry & Potato Specialty Lines. Company Proposes
to file an appeal in Singapore Highcourt to Challange the amount awarded. However company has shown the
amount in contingent liability and on conclusion of appeal will pass the necessary entries to add the value of the
French Fry & Potato Specialty Lines into assets.
K Previous Year Comparatives

Previous year’s figures have been regrouped / rearranged where necessary to conform to current year's
presentation.
SignaturestoNotes1to20
Partner

Himalaya Food Annexur
International Ltd. e-1
Financial Year 2021-
22
DETAILS OF DEPRECIATION Amount
AS PER IT ACT Rs.
PARTICULARS RAT WDV as on MOR LESS Sale of TOTAL Depreci Depreci total WDV
E 01.04.202 E THAN Assets ation ation depreci Closing as
1 THA 180 upto after ation on
N DAYS 30th 30th 31.03.202
180 Sept Sept 2
DAY
S
Land 1563624 1563624 156362

10 0 0 0 10 0 0 0 410
Building (Process) 10 1538805 2769 4604307 28568 2247612 1787182 23021 2017397 204587
% 15 4569 8 80 82 0 54 4 308
Building (Agri) 10 1582204 1582204 158220
% 35 35 0 0 435
Plant & Machinery( 15 1919005 1919005 2878508 2878508 163115
Process) % 81 0 0 0 81 7 0 7 494
Plant & 15 1084401 1084401 108440
Machinery(Agri) % 31 0 0 0 31 0 0 131
Furniture & Fixture 10 1013827 1013827 912444
% 1 0 0 0 1 1013827 0 1013827 4
Computers 40
% 8113 0 0 0 8113 3245 0 3245 4868
Total 778950 2769 460430 28568 849831 476739 23021 499761 799855
456 4569 78 80 223 80 54 34 089

CONSOLIDATED FINANCIAL STATEMENTS
INDEPENDENT AUDITOR’SREPORT
TO THE MEMBERS OF
HIMALAYA FOOD INTERNATIONAL LIMITED
Report on the Audit of the Consolidated Financial Statements

Opinion
We have audited the accompanying consolidated financial statements of Himalaya Food International Limited (hereinafter
referred to as “the Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as
“the Group”), comprise the Consolidated balance sheet as at 31st March 2022, and the Consolidated statement of Profit and
Loss and Consolidated of cash flows for the year then ended, and notes to the Consolidated Financial Statements, including a
summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Consolidated
Financial Statements give the information required by the Act in the manner so required and give a true and fair view in
conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,
2022, and loss, and its Consolidated cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the
Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for
the Audit of the Consolidated Financial Statements section of our report. We are independent of the Company in accordance
with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that
are relevant to our audit of the Consolidated Financial Statements under the provisions of the Companies Act, 2013 and the
Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the
Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Information other than the Consolidated Financial Statements and Auditor’s report thereon
The Company’s board of directors is responsible for the preparation of the other information. The other information
comprises the information included in the Board’s Report including Annexures to Board’s Report, Business Responsibility
Report but does not include the Consolidated Financial Statements and our auditor’s report thereon.
Our opinion on the Consolidated Financial Statements does not cover the other information and we do not express any form
of assurance conclusion thereon.
In connection with our audit of the Consolidated Financial Statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the Consolidated Financial
Statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there no material misstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.
Management’s Responsibility for the Consolidated Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 (“the
Act”) with respect to the preparation of these Consolidated Financial Statements that give a true and fair view of the
financial position, financial performanceand Consolidated cash flows of the Company in accordance with the accounting
principles generally accepted in India, including the accounting Standards specified under section 133 of the Act. This
responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and

application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and
design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring
the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial
statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Consolidated Financial Statements, management is responsible for assessing the Company’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative
but to do so.
Those Board of Directors are also responsible for overseeing the company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will
always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these Consolidated Financial Statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
 Identify and assess the risks of material misstatement of the Consolidated Financial Statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control.
 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
Company’s internal control.
 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by management.
 Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated
Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the
audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the
Company to cease to continue as a going concern.
 Evaluate the overall presentation, structure and content of the Consolidated Financial Statements, including the
disclosures, and whether the Consolidated Financial Statements represent the underlying transactions and events in
a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the consolidated financial statements that, individually or in aggregate,
makes it probable that the economic decisions of a reasonably knowledgeable user of the financial statements may be
influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in
evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the financial statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the
audit and significant audit findings, including any significant deficiencies in internal control that we identify during our
audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements
regarding independence, and to communicate with themall relationships and other matters that may reasonably be thought
to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most
significance in the audit of the consolidated financial statements of the current period and are therefore the key audit
matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the
matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report
because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such
communication.
Report on other Legal and Regulatory Requirements

1.As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purposes of our audit;
b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from
our examination of those books;
c) The Consolidated balance sheet, the Consolidated statement of Profit and Loss and the Cash Flow Statement dealt with
by this Report are in agreement with the books of account;
d) In our opinion, the aforesaid financial statements comply with the Ind AS specified under Section 133 of the Act, read
with Rule 7 of the Companies (Indian Accounting Standards) Rules, 2015;
e) on the basis of written representations received from the directors as on 31stMarch, 2022 taken on record by the
Board of Directors, none of the directors is disqualified as on 31st March, 2022 from being appointed as a director in
terms of Section 164(2) of the Act; and
f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the
operating effectiveness of such controls, refer to our separate Report in “Annexure B”. Our report expresses an
unmodified opinion on the adequacy and operating effectiveness of the Company’s internal financial controls over
financial reporting.
g) With respect to the other matters to be included in the Auditor’s Report in accordance with the requirements of
section 197(16) of the Act, as amended:
In our opinion and to the best of our information and according to the explanations given to us, the remuneration
paid by the Company to its directors during the year is in accordance with the provisions of section 197 of the Act.
h) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the
Companies (Audit and Auditors) Rules, 2014, as amended in our opinion and to the best of our information and
according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its consolidated financial
statements.
ii. The Company has made provision, as required under the applicable law or accounting standards, for material
foreseeable losses, if any, on long-term contracts including derivative contracts.
iii. There were no amounts which required to be transferred, to the Investor Education and Protection Fund by the
Company

2. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government in
terms of Section 143(11) of the Act, we give in “Annexure A” a statement on the matters specified in paragraphs 3
and 4 of the Order.
For Sharma Kumar& Associates

F.R.No.030842N
Kailash Sharma
Partner
M.No. 543197
Place: Delhi
Date:30/05/2022
ANNEXURE ‘A’
(Referred to in paragraph 2 under ‘Report on Other Legal and Regulatory Requirements’ section of our report to the
Members of Himalaya Foods International Limited of even date)
a) The company has generally maintained proper records showing full particulars, including quantitative details and
situation of fixed assets.
b) According to information and explanation given to us there is a regular programme of physical

verification of these fixed assets by the management which in our opinion is reasonable having regard to
size of the company and nature of its assets. As informed to us no material discrepancies were noticed on
such verification.
c) As informed to us and as verified by us during the course of our audit the title deeds on immovable properties
are held in name of company as at the balance sheet date.
In respect of immovable properties of land and building that have been taken on lease and disclosed as fixed assets
in the consolidated financial statements, the lease agreements are in the name of the Company.
As informed to us the inventories were physical verified during the year by the management at reasonable intervals
and no material discrepancies were noticed on physical verification.
As informed to us the company has granted unsecured loans to companies covered in the register maintained under
section 189 of the Companies Act, 2013. In respect of such loans:
(Rs in Lacs)
Name of the company Nature of loan Balance as on Maximum
31.03.2022 Amount Due
APJ Laboratories Ltd. Advance against purchase 557 557
d.) As informed to us and as verified by us the terms and condition of grant to such loans are not prejudicial to the
interest of the company.
e.) Repayment of the principle amount and payment of interest on such loans has not been stipulated, as it is in the
nature of “Advance against purchases”
f.) Not Applicable

According to the information and explanation given to us, the company has complied with the provision of section
185 and 186 of the Companies Act, 2013 in respect of grant of loans, making investments and providing guarantees
and securities, as applicable during the year.
The company has not accepted any deposits during the year and does not have any unclaimed deposits as at March
31, 2021 and therefore, the provisions of clause 3(v) of the Order are not applicable to the Company.
Reporting under clause 3(vi) of the order is not applicable as the company’s business activities are not covered by
the companies (Cost Record and Audits) Rules, 2014.
a) According to records of the company and information and explanation given to us the company has generally been
regular in depositing undisputed statutory dues including provident fund, employees` state insurance, income-tax,
goods and service tax, duty of customs, cess and any other statutory dues with the appropriate authorities.
b) According to information and explanation given to us there are outstanding statutory dues as referred
above as at the last day of the financial year under audit for a period of more than six months from the date
they become payable as below:
Particulars of dues Amount Rs.’ Lacs

PF 54
ESI 4
TDS 25
c) As certified by the management on which we have relied upon the dues of sale tax or service tax or duty of
custom or duty of excise or value added tax or cess which have not been deposited on account of dispute and the
forum where the dispute is pending are given bellow:
Particulars of dues Amount Financial Year to Forum where

Rs.’ Lacs which amount dispute is pending
relates
Excise Duty 3.78 1999-2000 Tribunal
Income Tax 7.29 2011-12 HC
Sales Tax .50 2013-14 AETC
Based on our audit procedure and in accordance with the information and explanation given to us by the company
that Bank accounts are NPA. Loan account from banks have been shown at the full value as on the date of NPA. The
OTS settled by banks is Rs. 8,290 Lakhs out of which Rs. 2,522 Lakhs have been paid till 31.03.2022.
The company has not raised any money during the year by way of initial public offer or further public offer (including
debts instrument) or term loans and hence reporting under clause 3(ix) of the Order is not applicable.
According to the information and explanation given to us there has been no fraud noticed or reported during the year
by the company or on the company by its officers or employees.
In our opinion the managerial remuneration paid/provided during the year is in accordance with requisite approvals
mandated by the provisions of section 197 read with Schedule V of Companies Act 2013.
The company is not a Nidhi company and hence reporting under clause 3(xii) of the Order is not applicable.
According to the information and explanation given to us and on the basis of examination of the records, the
Company is in compliance with Section 177 and 188 of the Act, where applicable, for all transactions with the related
parties and details of related party transactions have been disclosed in the financial statements as required by the
applicable accounting standards.
The Company has not made any preferential allotment or private placement of shares or fully or partly convertible
debentures during the year under review.

As informed to us, during the year the company has not entered into any non-cash transactions with any of its
directors or persons connected with the directors.
The Company is not required to get registered under section 45-IA of Reserve Bank of India Act 1934.

Kailash Sharma
(Partner)
Place: Delhi
Dated: 30.05.2022
ANNEXURE ‘B’ TO THE INDEPENDENT AUDITORS’ REPORT
Referred to in paragraph 3(f) to “Report on Other legal and regulatory requirement” of the independent Auditors` Report of
even date to the members of Himalaya Food International Limited on consolidated Ind AS financial statement for the year
ended March 31, 2022.
Report on the Internal Financial Controls under clause (i) of Sub Section 3 of Section 143 of the Companies Act, 2013
(“the Act”)
We have audited the internal financial controls over financial reporting of Himalaya Food International Limited (“the
Company”) as of March 31, 2022 in conjunction with our audit of the consolidated financial statement of the Company for
the year ended on that date.
Management`s Responsibility for Internal Financial Controls.
The Company`s management is responsible for establishing and maintaining internal financial controls base on the internal
control over financial reporting criteria established by the company considering the essential components of internal control
stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of
Chartered Accountants on India. These responsibilities include the design, implementation and maintenance of adequate
internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business,
including adherence to company`s Policies, the safeguarding of its assets, the prevention and detection of frauds and errors,
the accuracy and Completeness of the accounting records, and the timely preparation of reliable financial information, as
required under the Companies Act, 2013.
Auditors` Responsibility
Our responsibility is to express an opinion on the Company`s internal financial controls over financial reporting base on our
audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial
Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section
143(10) of the Companies Act, 2013, to the extent applicable on an audit of internal financial controls, both applicable to an
audit of Internal Financial Controls and both issued by the Institute of Chartered Accountants of India. Those Standards and
the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance about whether adequate internal financial controls over financial reporting was established and maintained and if
such controls operated effectively in all material respect. Our audit involves performing procedures to obtain audit evidence
about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness.
Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial
controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design
and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor`s
judgment, including the assessment of the risks of material misstatement of the consolidated Ind AS financial statements,
whether due to fraud or error. We believe that the audit evidence I/we have obtained is sufficient and appropriate to
provide a basis for out audit opinion on the Company`s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting
A Company`s internal financial control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A company`s internal financial control over financial reporting
includes those policies and procedures that:
4) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company;
5) Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements
in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are
being made only in accordance with authorization of management and directors of the company; and
6) Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition
of the company`s assets that could have a material effect on the financial statement.
Inherent Limitations of Internal Financial Controls Over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of
collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be
detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are
subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial
reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2022, based
on the internal control over financial reporting criteria established by the company considering the essential components of
internal controls stated in Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the
Institute of Chartered Accountants of India.

Kailash Sharma
(Partner)
Place: Delhi
Dated: 30.05.2022

Consolidated Balance sheet as at March 31,
2022
(All amounts in Rs in lacs unless otherwise
stated)
Particulars Note As at As at
31-Mar-2022 31-Mar-2021
ASSETS
Non-current assets
Property, plant and equipment 3 12616 12832
Capital work-in-progress 3 5491 5491
Financial assets
i Loans 4a 567 568
ii Other financial assets 4b 587 587
Other non-current assets 5 1646 1460
Total non-current assets 20896 20937
Current assets
Inventories 6 1824 1491
Financial assets
i Trade receivables 4c 3053 2639
ii Cash and cash equivalents 4d 7 3
iii Bank balance other than (ii) above 4e 69 105
Other current assets 7 7 2048
Total current assets 4960 6286
Total assets 25856 27223
EQUITY AND LIABILITIES
Equity
Equity share capital 8a 6145 5787
Other equity 9938 414
16083 6201
Liabilities
Non-current liabilities
I Borrowings 9a 0 18101
Ii Other financial liabilities 9c 335 335
Provision 11a 185 185
Deferred tax liabilities (net) 423 455
Other non-current liabilities 11b 71 80
Total non-current liabilities 1014 19156
Current liabilities
I Borrowing 9b 0 0
Ii Trade payables 9d 1319 1554
Iii Other financial liabilities 9c 7132 1
Provision for employee benefit obligations 11b 10 2
Other current liabilities 10 299 309
Total current liabilities 8760 1866
Total equity and liabilities 25857 27223

The accompanying notes form an integral part of the Consolidated financial statements.
Chairman & Managing
SD/- Director Director
Partner
Dated: 30.05.2022 Shamsher Ali MamtaSharma

Statement of Consolidated profit and loss account for the year ended March 31, 2022
31-Mar-2022 31-Mar-2021
Continuing operations
Revenue from operations 12 6259 5636
Other income 13 291 188
Total income 6550 5824
Expenses
Cost of material consumed 14 2729 2443
Changes in inventory of work-in-progress & 15 -408 -20
finished goods
Employee benefits expense 16 366 825
Finance costs 19 23 28
Depreciation and amortisation expense 17 674 1046
Other expenses 18 2061 1844
Total expenses 5413 5702
Profit before exceptional items and tax 1137 122
Exceptional items
I write-off of claims -8355 0
Profit / loss before tax from continuing operations 9492 122
Tax expense
I Current tax 0 0
Ii Deferred tax -32 -130
Profit / (Loss) from continuing operations 9524 252
Profit / (Loss) from discontinued operations - -
Other comprehensive income - -
Earnings per equity share (for continuing
operations)
I Basic earnings per share 16.46 0.44
Ii Diluted earnings per share 16.46 1.71

The accompanying notes form an integral part of the Consolidatedfinancial statements.
Partner

Statement of changes in equity for the
year ended 31, 2022
(All amounts in Rs in lacs unless
otherwise stated)
A. Equity Share Capital
Particulars Not
Amount
e
Balance at the beginning of the reporting 8 5787
period
Share Application Money 358
Changes in equity share capital during the year 8 0
Balance at the end of the reporting period 8 5787

B.Other
Equity
Particulars Equity Debt Equity Other
Exchange
Share compone Reserve and Surplus Instrume Instrume Effectiv items of
difference Money
applicatio nt of nt nt e Other
on received
n on compoun Other Retaine through through portion Revaluatio Compreh
Note Securities translating against Total
money d Capital Reserve d other Other of Cash n Surplus ensive
the share
pending financial Reserve Premium (Specify Earnin Compreh Compreh Flow Income
Reserve financial capital
allotment instrume nature) g ensive ensive Hedges (Specify
statement
nt Income Income nature)
Balance at the 0 1321. 3377.89 0 - 0 0 0 0 0 0 0 413.5
beginning of 69 4286 8
8
the reporting
period
Changes in 0 0 0 0 0 0 0 0 0 0 0 0
accounting
policy or
prior period
errors
Restated 0 0 0 0 0 0 0 0 0 0 0 0
balance at the
begining of
reporting
period
Total 0 1321. 3377.89 0 4286 0 0 0 0 0 0 0 413.5
comprehensiv 69 8
e
Income for 0 0 0 0 9524 0 0 0 0 0 0 0 9524
the year
Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0
Transfer to 0 0 0 0 0 0 0 0 0 0 0 0 0
retained
earnings
Any other 0 0 0 0 0 0 0 0 0 0 0 0 0
change (to be
specified)
Balance at the 0 1321. 3377.89 0 5238 0 0 0 0 0 0 0 9938
end of the 69
8
reporting
period

Statement of cash flows for the period ended March 31, 2022

31-Mar-2022 31-Mar-2021
Loss before Income Tax from
Continuing Operations 252 252
Adjustment for:
Depreciation and amortisation expenses 1046 1046
Deferred Tax -130 -130
Finance costs 23 23
Operating profit before working capital changes 939 99
Adjustment for:
(Increase)/decrease in trade receivables 5 5
(Increase)/decrease in inventories 47 47
Increase/(Decrease) in Trade payables 72 72
(Increase)/Decrease in other financial assets 0 0
(Increase)/decrease in other non-current assets (169) (169)
(Increase)/decrease in other current assets (815) (815)
Increase in employee benefit obligations and provisions (17) (17)
Increase/(Decrease) in other Current Liabilities 8 8
Increase/(Decrease) in other non-Current Liabilities (29) (29)
Cash ganerated from operations (898) (898)
Income tax paid 0 0
Net cash inflow from operating activities 293 293
Cash flows from investing activities
Payments/Sale of property, plant and equipment 151 151
Investment in Subsidary 0 0
Loans to employees and related parties 0 0
Net cash outflow from investing activities 151 151
Cash flows from financing activities
Proceeds from issue of shares (278) (278)
Proceeds/(Payment) from borrowings 0 0
Finance lease payments/Increase 0 0
Finance Expenses 23 23
Net cash used in financing activities (301) (301)
Net increase (decrease) in cash and cash equivalents (159) (159)
Cash and cash equivalents at the beginning of the financial year 161 161
Cash and cash equivalents at end of the year 108 108
The accompanying notes form an integral part of the Consolidated financial statements.
Firm Registration No. 030842N SD/-
Man Mohan Malik
SD/- Chairman & Managing Director
(Kailash Sharma) DIN:00696077
Partner
Dated: 30.05.2022
Place : Delhi

Himalaya food International Ltd.
Notes to the Consolidated financial statements for the year ended March 31, 2022
1 Company Information
Himalaya Food International Ltd., incorporated in New Delhi, India with UIN L51909DL1992PLC047399, is a food processing
company engaged in growing & processing of mushrooms and manufacturing IQF ready to eat items-which is classified as
one segment . It is exporting its products to USA and also selling them domestically. The Company is listed on the Bombay
Stock Exchange (BSE).
2 Statement of Significant Accounting Policies

2.1 Basis of Preparation and Measurement
(a) Basis of preparation
These consolidated financial statements have been prepared in accordance with the Indian Accounting Standards
(hereinafter referred to as the ‘Ind AS’) as prescribed under section 133 of the Companies Act, 2013 read with Companies
(Indian Accounting Standards) Rules, as amended from time to time.
The consolidated financial statements have been prepared on accrual and going concern basis. The accounting policies are
applied consistently to all the periods presented in the consolidated financial statements. All assets and liabilities have been
classified as current or non current as per the Company’s normal operating cycle and other criteria as set out in the Division
II of Schedule III to the Companies Act, 2013. Based on the nature of products and the time between acquisition of assets for
processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months
for the purpose of current or non-current classification of assets and liabilities.
The consolidated financial statements are presented in INR, the functional currency of the Company. Items included in the
financial statements of the Company are recorded using the currency of the primary economic environment in which the
Company operates (the ‘functional currency’).
Transactions and balances with values below the rounding off norm adopted by the Company have been reflected as “0” in
the relevant notes in these financial statements.
The consolidated financial statements of the Company for the year ended 31st March, 2021 were approved for issue in
accordance with the resolution of the Board of Directors on 12 th June 2021
(b) Principal of Consolidation
The consolidation financial statements relate to Himalaya Food International Limited ("the Holding Company") and its
subsidiary companies (collectively referred to as "the Group"). The financial statements of the subsidiary companies used in
the consolidation are drawn upto the same reporting date as of the Holding Company. The consolidated financial statements
have been prepared on the following basis:
b.1 The financial statements of the Holding Company and its subsidiary companies are combined on a line-by-line basis by
adding together the book values of like items of assets, liabilities, income and expenses, after fully eliminating intra-group
balances and intra-group transactions in accordance with Ind AS - 110 “Consolidated Financial Statements”.
b.2 As far as possible, the consolidated financial statements are prepared using uniform accounting policies for like
transactions and other events in similar circumstances and are presented in the same manner as the Holding Company’s
separate financial statements by regrouping, recasting or rearranging figures, wherever considered necessary.
2.2 Key Accounting Estimates and Judgements

The preparation of these consolidated financial statements in confirmity with the recognition and measurement principles of
Ind AS requires management to make judgments, estimates and assumptions in the application of accounting policies that
affect the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Continuous evaluation is done on the estimation and judgments based on historical experience and other factors, including
expectations of future events that are believed to be reasonable. Revisions to accounting estimates are recognised
prospectively.

2.3 Recent Accounting Development
Recent Indian Accounting Standards (Ind AS)
Ministry of Corporate Affairs ("MCA"), through Companies (Indian Accounting Standards) Amendment Rules, 2019
and Companies (Indian Accounting Standards) Second Amendment Rules, has notified the following new and
amendments to Ind ASs which the Company has not applied as they are effective from April 1, 2019:
Ind AS 116 – Leases
Ind AS 116 will replace the existing leases standard, Ind AS 17 Leases. Ind AS 116 sets out the principles for the
recognition, measurement, presentation and disclosure of leases for both lessees and lessors. It introduces a single
on-balance sheet lessee accounting model for lessees. A lessee recognises right-of-use asset representing its right to
use the underlying asset and a lease liability representing its obligation to make lease payments. The standard also
contains enhanced disclosure requirements for lessees. Ind AS 116 substantially carries forward the lessor accounting
requirements in Ind AS 17.
Ind AS 12 – Income taxes (amendments relating to income tax consequences of dividend and uncertainty over
income tax treatments)
The amendment relating to income tax consequences of dividend clarify that an entity shall recognise the income
tax consequences of dividends in profit or loss, other comprehensive income or equity according to where the
entity originally recognised those past transactions or events. The Company does not expect any impact from this
pronouncement. It is relevant to note that the amendment does not amend situations where the entity pays a tax
on dividend which is effectively a portion of dividends paid to taxation authorities on behalf of shareholders. Such
amount paid or payable to taxation authorities continues to be charged to equity as part of dividend, in accordance
with Ind AS 12.
Ind AS 109 – Prepayment Features with Negative

Compensation
The amendments relate to the existing requirements in Ind AS 109 regarding termination rights in order to allow
measurement at amortised cost (or, depending on the business model, at fair value through other comprehensive
income) even in the case of negative compensation payments. The Company does not expect this amendment to have
any impact on its financial statements.
Ind AS 19 – Plan Amendment, Curtailment or Settlement

The amendments clarify that if a plan amendment, curtailment or settlement occurs, it is mandatory that the current
service cost and the net interest for the period after the re-measurement are determined using the assumptions used
for the re-measurement. In addition, amendments have been included to clarify the effect of a plan amendment,
curtailment or settlement on the requirements regarding the asset ceiling. The Company does not expect this
amendment to have any significant impact on its financial statements.
Ind AS 23 – Borrowing Costs

The amendments clarify that if any specific borrowing remains outstanding after the related asset is ready for its
intended use or sale, that borrowing becomes part of the funds that an entity borrows generally when calculating
the capitalisation rate on general borrowings. The Company does not expect any impact from this amendment.
Ind AS 28 – Long-term Interests in Associates and Joint Ventures

The amendments clarify that an entity applies Ind AS 109 Financial Instruments, to long-term interests in an associate
or joint venture that form part of the net investment in the associate or joint venture but to which the equity method
is not applied. The Company does not expect any impact from this amendment.
Ind AS 103 – Business Combinations and Ind AS 111 – Joint Arrangements

The amendments to Ind AS 103 relating to re-measurement clarify that when an entity obtains control of a business
that is a joint operation, it re-measures previously held interests in that business. The amendments to Ind AS 111
clarify that when an entity obtains joint control of a business that is a joint operation, the entity does not re-measure
previously held interests in that business. The Company will apply the pronouncement if and when it obtains control /
joint control of a business that is a joint operation.

2.4 Significant Accounting Policies
Revenue recognition
The Company earns revenue primarily from growing and processing of mushrooms and manufacturing IQF ready to eat
items.
Effective April 1, 2018, the Company has applied Ind AS 115 which establishes a comprehensive framework
for determining whether, how much and when revenue is to be recognised. Ind AS 115 replaces Ind AS 18
Revenue and Ind AS 11 Construction Contracts. The Company has adopted Ind AS 115 using the cumulative
effect method. The effect of initially applying this standard is recognised at the date of initial application
(i.e. April 1, 2018). The standard is applied retrospectively only to contracts that are not completed as at the
date of initial application and the comparative information in the statement of profit and loss is not restated
– i.e. the comparative information continues to be reported under Ind AS 18 and Ind AS 11. Refer
Significant accounting policies – Revenue recognition in the Annual report of the Company for the year ended
March 31, 2018, for the revenue recognition policy as per Ind AS 18 and Ind AS 11. The impact of the adoption
of the standard on the financial statements of the Company is insignificant.
(a) Property, Plant and Equipment:

Property, plant and equipment is stated at acquisition cost net of accumulated depreciation and accumulated impairment
losses, if any. Property, plant and equipment acquired in a business combination are recognised at fair value at the
acquisition date. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as
appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and
the cost of the item can be measured reliably. All other repairs and maintenance cost are charged to the Statement of Profit
and Loss during the period in which they are incurred.
Gains or losses arising on retirement or disposal of property, plant and equipment are recognised in the Statement of Profit
and Loss.
Property, plant and equipment which are not ready for intended use as on the date of Balance Sheet are disclosed as “Capital
work-in-progress”.
Depreciation is provided on a writeen down value method based on estimated useful life prescribed under Schedule II to the
Companies Act, 2013 with the exception of the following:
Property, Plant and Equipment is depreciated over 3 to 30 years based on the technical evaluation of useful life done by the
management.
Assets costing ` 5,000 or less are fully depreciated in the year of purchase.
Freehold & Leasehold Land is not depreciated.
The residual values, useful lives and method of depreciation of property, plant and equipment is reviewed at each financial
year end and adjusted prospectively, if appropriate.
(b) Intangible Assets:
Separately purchased intangible assets are initially measured at cost. Intangible assets acquired in a business combination
are recognised at fair value at the acquisition date. Subsequently, intangible assets are carried at cost less any accumulated
amortisation and accumulated impairment losses, if any.
The useful lives of intangible assets are assessed as either finite or indefinite. Finite-life intangible assets are amortised on a
straight-line basis over the period of their expected useful lives. Estimated useful lives by major class of finite-life intangible
assets are as follows:
Design - 10 years
Know-how - 10 years
Computer software - 5 years
The amortisation period and the amortisation method for finite-life intangible assets is reviewed at each financial year end
and adjusted prospectively, if appropriate.
For indefinite life intangible assets, the assessment of indefinite life is reviewed annually to determine whether it continues,
if not, it is impaired or changed prospectively basis revised estimates.
(c) Investments in Subsidiaries, Associates and Joint Ventures:

Investments in subsidiaries, associates and joint ventures are carried at cost less accumulated impairment losses, if any.
Where an indication of impairment exists, the carrying amount of the investment is assessed and written down immediately
to its recoverable amount. On disposal of investments in subsidiaries, associates and joint venture, the difference between
net disposal proceeds and the carrying amounts are recognized in the Statement of Profit and Loss.
(d) Inventories:

Inventories are valued at the lower of cost and net realisable value. Cost is computed on a weighted average basis. Cost of
finished goods and work-in-progress include all costs of purchases, conversion costs and other costs incurred in bringing the
inventories to their present location and condition. The net realisable value is the estimated selling price in the ordinary
course of business less the estimated costs of completion and estimated costs necessary to make the sale.
(e) Cash and Cash Equivalents:
Cash and cash equivalents are short-term (three months or less from the date of acquisition), highly liquid investments that
are readily convertible into cash and which are subject to an insignificant risk of changes in value.
(f) Assets Held for Sale:
Non-current assets or disposal groups comprising of assets and liabilities are classified as ‘held for sale’ when all of the
following criterias are met: (i) decision has been made to sell. (ii) the assets are available for immediate sale in its present
condition. (iii) the assets are being actively marketed and (iv) sale has been agreed or is expected to be concluded within 12
months of the Balance Sheet date.
Subsequently, such non-current assets and disposal groups classified as ‘held for sale’ are measured at the lower of its
carrying value and fair value less costs to sell. Non-current assets held for sale are not depreciated or amortised.
(g) Financial Instruments:
Financial Assets:
Financial assets are recognised when the Company becomes a party to the contractual provisions of the instrument.
On initial recognition, a financial asset is recognised at fair value. In case of Financial assets which are recognised at fair value
through profit and loss (FVTPL), its transaction cost are recognised in the statement of profit and loss. In other cases, the
transaction cost are attributed to the acquisition value of the financial asset.
Financial assets are subsequently classified and measured at
- amortised cost
- fair value through profit and loss (FVTPL)
- fair value through other comprehensive income (FVOCI).
Financial assets are not reclassified subsequent to their recognition, except if and in the period the Company changes its
business model for managing financial assets.
Trade Receivables and Loans:
Trade receivables are initially recognised at fair value. Subsequently, these assets are held at amortised cost, using the
effective interest rate (EIR) method net of any expected credit losses. The EIR is the rate that discounts estimated future cash
income through the expected life of financial instrument.
Debt Instruments:
Debt instruments are initially measured at amortised cost, fair value through other comprehensive income (‘FVOCI’) or fair
value through profit or loss (‘FVTPL’) till derecognition on the basis of (i) the Company’s business model for managing the
financial assets and (ii) the contractual cash flow characteristics of the financial asset.
(i) Measured at amortised cost:
Financial assets that are held within a business model whose objective is to hold financial assets in order to collect
contractual cash flows that are solely payments of principal and interest, are subsequently measured at amortised cost using
the effective interest rate (‘EIR’) method less impairment, if any. The amortisation of EIR and loss arising from impairment, if
any is recognised in the Statement of Profit and Loss.
(ii) Measured at fair value through other comprehensive
income:
Financial assets that are held within a business model whose objective is achieved by both, selling financial assets and
collecting contractual cash flows that are solely payments of principal and interest, are subsequently measured at fair value
through other comprehensive income. Fair value movements are recognized in the other comprehensive income (OCI).
Interest income measured using the EIR method and impairment losses, if any are recognised in the Statement of Profit and
Loss. On derecognition, cumulative gain or loss previously recognised in OCI is reclassified from the equity to ‘other income’
in the Statement of Profit and Loss.
(iii) Measured at fair value through profit or loss:
A financial asset not classified as either amortised cost or FVOCI, is classified as FVTPL. Such financial assets are measured at
fair value with all changes in fair value, including interest income and dividend income if any, recognised as ‘other income’ in
the Statement of Profit and Loss.

Equity Instruments:
All investments in equity instruments classified under financial assets are initially measured at fair value , the Company may,
on initial recognition, irrevocably elect to measure the same either at FVOCI or FVTPL.
The Company makes such election on an instrument-by-instrument basis. Fair value changes on an equity instrument is
recognised as ‘other income’ in the Statement of Profit and Loss unless the Company has elected to measure such instrument
at FVOCI. Fair value changes excluding dividends, on an equity instrument measured at FVOCI are recognised in OCI.
Amounts recognised in OCI are not subsequently reclassified to the Statement of Profit and Loss. Dividend income on the
investments in equity instruments are recognised as ‘other income’ in the Statement of Profit and Loss.
Derivative Financial Instruments:

The Company uses derivative financial instruments, such as forward currency contracts to hedge its foreign currency risk.
Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is
entered into and are subsequently re-measured at fair value. Any changes therein are recognised in the statement of profit
and loss account. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the
fair value is negative.
Derecognition
The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it
transfers the contractual rights to receive the cash flows from the asset.
Impairment of Financial Asset
The Company applies expected credit losses (ECL) model for measurement and recognition of loss allowance on the
following:
i. Trade receivables
ii. Financial assets measured at amortized cost (other than trade receivables)
iii. Financial assets measured at fair value through other comprehensive income (FVTOCI)
In case of trade receivables, the Company follows a simplified approach wherein an amount equal to lifetime ECL is
measured and recognized as loss allowance.
In case of other assets (listed as ii and iii above), the Company determines if there has been a significant increase in credit
risk of the financial asset since initial recognition. If the credit risk of such assets has not increased significantly, an amount
equal to 12-month ECL is measured and recognized as loss allowance. However, if credit risk has increased significantly, an
amount equal to lifetime ECL is measured and recognized as loss allowance.
Subsequently, if the credit quality of the financial asset improves such that there is no longer a significant increase in credit
risk since initial recognition, the Company reverts to recognizing impairment loss allowance based on 12-month ECL.
ECL is the difference between all contractual cash flows that are due to the Company in accordance with the contract and all
the cash flows that the Company expects to receive (i.e., all cash shortfalls), discounted at the original effective interest rate.
Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a financial
asset. 12-month ECL are a portion of the lifetime ECL which result from default events that are possible within 12 months
from the reporting date.
ECL are measured in a manner that they reflect unbiased and probability weighted amounts determined by a range of
outcomes, taking into account the time value of money and other reasonable information available as a result of past events,
current conditions and forecasts of future economic conditions.
As a practical expedient, the Company uses a provision matrix to measure lifetime ECL on its portfolio of trade receivables.
The provision matrix is prepared based on historically observed default rates over the expected life of trade receivables and
is adjusted for forward-looking estimates. At each reporting date, the historically observed default rates and changes in the
forward-looking estimates are updated.
ECL impairment loss allowance (or reversal) recognized during the period is recognised as income/ expense in the
Statement of Profit and Loss under the head ‘Other expenses’.
Financial Liabilities:
Initial recognition and measurement
Financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities are initially measured at the amortised cost unless at initial recognition, they are classified as fair value
through profit and loss. In case of trade payables, they are initially recognised at fair value and subsequently, these liabilities
are held at amortised cost, using the effective interest rate method.

Subsequent measurement
Financial liabilities are subsequently measured at amortised cost using the EIR method. Financial liabilities carried at fair
value through profit or loss are measured at fair value with all changes in fair value recognised in the Statement of Profit and
Loss.
Derecognition
A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled or expires.
(h) Provisions and Contingent Liabilities:

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the expenditure
required to settle the present obligation at the Balance Sheet date.
If the effect of the time value of money is material, provisions are discounted to reflect its present value using a current pre-
tax rate that reflects the current market assessments of the time value of money and the risks specific to the obligation. When
discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of
the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources
will be required to settle the obligation or a reliable estimate of the amount cannot be made.
(i) Revenue Recognition:
Revenue from sale of goods is recognised when all the significant risks and rewards of ownership in the goods are
transferred to the buyer as per the terms of the contract, there is no continuing managerial involvement with the goods and
the amount of revenue can be measured reliably. The Company retains no effective control of the goods transferred to a
degree usually associated with ownership and no significant uncertainty exists regarding the amount of the consideration
that will be derived from the sale of goods. Revenue is measured at fair value of the consideration received or receivable,
after deduction of any trade discounts, volume rebates and any taxes or duties collected on behalf of the government which
are levied on sales such as sales tax, value added tax, goods and services tax, etc.
Income from export incentives such as duty drawback and premium on sale of import licenses and lease license fee are
recognised on accrual basis.
Income from services rendered is recognised based on agreements/ arrangements with the customers as the service is
performed in proportion to the stage of completion of the transaction at the reporting date and the amount of revenue can be
measured reliably.
Interest income is recognized using the effective interest rate (EIR) method.
Dividend income on investments is recognised when the right to receive dividend is established.
(j) Government Grant:
The Company was entitled to ‘MEIS Scheme’ under export incentive till Jnauary 2021. Now, Company is entlied to 'RoDTEP
Scheme under new export incentive scheme. Such incentive are measured at amount receivable from the government and
are recognised as other operating revenue. The Company will comply with all necessary conditions attached to incentives.
(k) Expenditure:
Expenses are accounted on accrual basis.
(l) Employee Benefits:
Defined contribution plans
Contributions to defined contribution schemes such as employees state insurance are charged as an expense based on the
amount of contribution required to be made as and when services are rendered by the employees. Company’s provident fund
contribution, in respect of certain employees, is made to a government administered fund and charged as an expense to the
Statement of Profit and Loss.
Retirement and other employee benefits
(i) Retirement benefit in the form of Provident Fund is a defined contribution scheme and the contributions are
charged to the Profit and Loss Account of the year when the contributions to the respective funds are due. There
are no other obligations other than the contribution payable to the respective funds.
Gratuity liability is a defined benefit obligations and are provided for on the basis of valuation made at the end of
(ii) each financial year.
No provision is made for unencashable short term compensated absences.

(m) Impairment of Non-Financial Assets:
Assessment for impairment is done at each Balance Sheet date as to whether there is any indication that a non-financial asset
may be impaired. Indefinite life intangibles are subject to a review for impairment annually or more frequently if events or
circumstances indicate that it is necessary. For the purpose of assessing impairment, the smallest identifiable group of assets
that generates cash inflows from continuing use that are largely independent of the cash inflows from other assets or groups
of assets is considered as a cash generating unit. Goodwill acquired in a business combination is, from the acquisition date,
allocated to each of the Company’s cash-generating units that are expected to benefit from the synergies of the combination,
irrespective of whether other assets or liabilities of the acquiree are assigned to those units.
If any indication of impairment exists, an estimate of the recoverable amount of the individual asset/cash generating unit is
made. Asset/cash generating unit whose carrying value exceeds their recoverable amount are written down to the
recoverable amount by recognising the impairment loss as an expense in the Statement of Profit and Loss. The impairment
loss is allocated first to reduce the carrying amount of any goodwill (if any) allocated to the cash generating unit and then to
the other assets of the unit, pro rata based on the carrying amount of each asset in the unit. Recoverable amount is higher of
an asset’s or cash generating unit’s fair value less cost of disposal and its value in use. Value in use is the present value of
estimated future cash flows expected to arise from the continuing use of an asset or cash generating unit and from its
disposal at the end of its useful life. Assessment is also done at each Balance Sheet date as to whether there is any indication
that an impairment loss recognised for an asset in prior accounting periods may no longer exist or may have decreased, basis
the assessment a reversal of an impairment loss for an asset other than goodwill is recognised in the Statement of Profit and
Loss account.
(n) Income Taxes:
Income tax expense for the year comprises of current tax and deferred tax. It is recognised in the Statement of Profit and Loss
except to the extent it relates to a business combination or to an item which is recognised directly in equity or in other
comprehensive income.
Current tax is the expected tax payable/receivable on the taxable income/loss for the year using applicable tax rates at the
Balance Sheet date, and any adjustment to taxes in respect of previous years. Interest expenses and penalties, if any, related
to income tax are included in finance cost and other expenses respectively. Interest Income, if any, related to Income tax is
included in current tax expense.
Deferred tax is recognised in respect of temporary differences between the carrying amount of assets and liabilities for
financial reporting purposes and the corresponding amounts used for taxation purposes.
A deferred tax liability is recognised based on the expected manner of realisation or settlement of the carrying amount of
assets and liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax assets
are recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be
utilised. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that
the related tax benefit will be realised.
Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised
amounts and there is an intention to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax
liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities; and the
deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority.
(o) Leases:
Leases in which a substantial portion of the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments and receipts under such leases are recognised to the Statement of Profit and Loss on a straight-
line basis over the term of the lease unless the lease payments to the lessor are structured to increase in line with expected
general inflation to compensate for the lessor’s expected inflationary cost increases, in which case the same are recognised as
an expense in line with the contractual term.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards
incidental to ownership to the lessee.
(p) Foreign Currencies:
Foreign currency transactions are translated into the functional currency using exchange rates at the date of the transaction.
Foreign exchange gains and losses from settlement of these transactions, and from translation of monetary assets and
liabilities at the reporting date exchange rates are recognised in the Statement of Profit and Loss.

(q) Earnings Per Share:
Basic earnings per share is computed by dividing the net profit for the period attributable to the equity shareholders of the
Company by the weighted average number of equity shares outstanding during the period. The weighted average number of
equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other
than the conversion of potential equity shares that have changed the number of equity shares outstanding, without a
corresponding change in resources.
For the purpose of calculating diluted earnings per share, the net profit for the period attributable to equity shareholders and
the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential
equity shares.
Notesto theconsolidated financialstatements forthe yearendedMarch31,2022
Note 3: Property, plantand equipment
(Allamounts inRsinlacsunless otherwise stated)
Free Lease Free Lease Furniture Plant Capital
Particulars hold hold Hold Hold ,fittingsa And Vehi Tot Work
land land Buildi buildi nd machi cle al Inprogr
ng ng nery ess
Yearended 31 March2020
Grosscarryingamount
Deemed cost as per
01.04.2019
Deemed costasat 1April2019
1483 81 7189 418 135 15826 616 25747 5491
Additions 0 0 342 0 0 112 4 458 0
Disposals 0 22 2 24
Closinggrosscarrying 1483 81 7553 418 135 15938 618 26225 5491
amounts
Accumulateddepreciation 2002 183 115 9509 537 12346 0
Depreciation Charged 0 253 11 5 752 25 1046 0
duringthe year
ClosingAccumulated 0 2255 194 115 10261 562 13387 0
depreciation
Net CarryingAmount 0 0 2255 194 115 10261 562 13387 0
Yearended 31 March2021 1483 81 5298 224 20 5677 56 12838 5491
Grosscarryingamount
Openinggrosscarrying 1483 81 7553 418 135 15938 618 26225 5491
amount
Additions** 0 474 0 0 0 0 474 0
Assets classifiedasheldforsale 0 0 0 0 0 0 0 0
Disposals 0 0 7 0 0 9 0 16
Transfers 0 0 0 0 0 0 0 0
Closinggrosscarryingamounts 1483 81 8020 418 13 15929 618 26683 5491
Accumulateddepreciationand 0 0 0 0 5
0 0 0 0
impairment
Openingaccumulateddeprecia
tion
0 0 2255 194 120 10261 562 13392 0
Depreciation Charged During
the Year
0 0 216 7 6 432 14 675 0
Impaimentloss 0 0 0 0 0 0 0 0 0
Disposals 0 0 0 0 0 0 0 0 0
Exchangedifferences 0 0 0 0 0 0 0 0 0
Assets classifiedasheldforsale 0 0 0 0 0 0 0 0 0

Closingaccumulateddepreciat 12
ionandimpairment 0 0 2471 201 6 10693 576 14067 0
Netcarrying
amounts31.03.2021
1483 81 5549 217 8 5236 42 12616 5491
Note:
Capital work in progress as at 31st March, 2021 is ` 5491 lacs (31st March, 2020: ` 5491 lacs)
* The company has incurred necessary capex as under:

1)The mushroom houses racks that were torn out have been portionally replace.

Notes to the consolidated financial statements for the year ended March 31, 2022
(AllamountsinRsinlacsunlessotherwisestated)
Note
Particulars No of Shares Amount
8 EquityShareCapitalandOtherEquity
EquityShareCapital
AuthorisedEquityShareCapital 7,50,00,000 7,50,000

Asat31.03.2020
Increaseduringtheyear 0 0
Asat31.03.2021 7,50,00,000 7,50,000
Particulars NoofShares Equitysharecapital

parvalue
MovementinequitysharecapitalAsat31.
03.2020 57872900 5787.29
Less:Applicationmoneyforfieted 0 358
Asat31.03.2021 57872900 6145.29
Terms and rights attached to equity shares

Equity shares have par value of INR 10. They entitle the holder to participate in dividends, and to share in the
proceeds of winding up the company in proportion to the number of and amounts paid on the shares held.
Every holder of equity shares present at a meeting in person or proxy is entitled to one vote, and upon a poll each
share is entitled to one vote.
(b) Reserves and surplus

(c)
Particular 31.03.2022 31.03.2021
Capital reserve 1322 1322
Securities premiumreserve 3378 3378
Retained earnings 5238 -4239

Total 9938 461
(i)Capital Reserve Opening balance

(ii)Securities premium reserve 3378 3378
Opening balance

(ii)Retained earnings -4286
Opening -4538
balance
Profit for the year 9524 252
Closing balance 5238 -4286
. Natureandpurposeofreserves
(a) Capital Reserve: Capital Subsidies received by the company is treated as capital reserve.
(b) Securities Premium Reserve: The amount received in excess of face value of the equity shares is recognized in
Securities Premium Reserve.
(c) General Reserve: The Company has transferred apportion of the net profit of the Company before declaring
dividend to general reserve pursuant to the earlier provisions of CompaniesAct,1956. Mandatory transfer to
general reserve is not required under the Companies Act, 2013.
(d) RetainedEarnings:RetainedearningsaretheprofitsthattheCompanyhasearnedtilldate,lessanytransferstogenera
lreserve,dividendsorotherdistributionspaidtoshareholders.
C. CapitalManagement
Equity share capital and other equity are considered for the purpose of Company’s capital management.
The Company manages its capital so as to safeguard its ability to continue as a going concern and to optimise
returns to shareholders. The capital structure of the Company is based on management’s judgment of its
strategic and day-to-day needs with a focus on total equity so as to maintain investor, creditors and market
confidence.
The management and the board of directors monitor the return on capital as well as the level of dividends to
shareholders. The Company may take appropriate steps in order to maintain, or if necessary adjust, its capital
structure.
Rate of As at As at
Maturity Terms of
a Note Particulars Interest March 31, March 31,
Date repayment
% 2022 2021
9 Financial liabilities
(a) Non-current borrowings
Secured
Term Loans
From Banks
Rupee Loan 30.06.2024 Quarterly 11.30 12418 12418
Rupee Loan 30.06.2024 Quarterly 10.65 243 243
Long term maturities of finance lease
obligations
Obligations under finance leases 31.03.2021 Monthly 11.00 1 1
Total Non-Current Borrowing 18102 18102
Less Current maturities on long term debt (OTS Amount) 0 0

Less Current maturities on loan from other 1 1
Parties
Total Non-Current Borrowings (As per Balance Sheet) 18101 18101
(b) Current borrowings

From Banks
Total Current Borrowing 0 0

1. Secured borrowings and assets pledged as security:
a.
Term Loans are secured by First pari passu charge over the entire fixed assets of the company at Paonta
sahib (H.P.) and Mehsana (Gujarat), with Joint Lending Forum comprising SBI,Corporation Bank, Bank of
Baroda and Exim Bank, alongwith personal guarantees of the Directors and Promotors.
b.
All working capital limits are secured by first pari passu charge over the entire current assets of the
company, along with personal guarantees of promoters.
c. All vehicle loans are secured against the vehicle and personal guarantee of the CMD, Mr. Man Mohan Malik,
taken from Mahindra Finance
2 The company Bank accounts are NPA since March 2018, hence no Interest has been charged during the year
3 Loan Account from Banks have been shown at the full value as on the date of NPA. The OTS settled by banks
is Rs. 8,290 Lakhs out of which Rs. 2,044 Lakhs have been paid till 31.03.2021. The effect of waiver by the
banks will be reflected after full repayment of OTS amount.

Note Particulars As at March 31, As at March 31,

2022 2021
9(c) Other Financial liabilities

Non-Current (Other)
Advances and deposits from customers 335 335
Total Other Non-current Financial liabilities 335 335
Current
Current maturities of long-term debt 7132 0
Current maturities on finance lease obligations 0 1
Total Other current Financial liabilities 7132 1
9(d) Trade payables

Current
Trade payables 1319 1554
Total 1319 1554
10 Other Current Liabilities

Other payables
Expense payable 215 248
Security from Customer 1 2
TDS payable (tax deducted at source) 25 2
Employees State Insurance payable 4 15
Employees Provident Fund payable 54 42
Total 299 309
Contingent Liabilities not provided for

Particulars As at March 31, As at March 31,
2022 2021
Guarantees and Counter guarantees given by the Company 48 48
Letter of credit 0 0
Excise duty on Domestic Tariff Areas sales pending in 4 4
Delhi Tribunal

Corporate Guarantee given 1 1
Income Tax AY 2012-13 Appeal Pending before 729 729
HC
Sales Tax 26 5
Liability in the Dispute with JV Partner Simplot at SIAC 2970 2970
(Detail Given at Point j in Notes to accounts)

Note Particulars 31-Mar-22 31-Mar-21
11
(a) Provisions Current Non- Total Current Non-
current current Total
Provision for tax 0 185 185 0 185 185
Total 0 185 185 0 185 185
Deferred Payment Liabilities 2022 2021

Particulars
Deferred Current Assets (Liabilities) as per Balance Sheet -454 -584
Deferred Tax Liability
Depreciation as per Companies Act 675 1046
Depreciation as per Income Tax Act 500 521
Difference -175 -525
Deferred Tax Liability -49 -146
Deferred Tax Assets on 43B Items
PF (Employers Share) not deposited as on 31.03.2021 54 42

ESI (Employers Share) not deposited as on 31.03.2021 4 15
Total 58 57
Deferred Tax Asset 16 16
33 130
Net Deferred Tax Liability -421 -454
Particulars March 31,2022 March 31,2021
(b) Employee Benefit obligation Current Non- Total Current Non- Total
current current
Provision for employee benefits
Provision for gratuity 10 71 81 2 80 82
Provision for leave 0 0 0 0 0 0
encashment
Total 10 71 81 2 80 82
Brief Description: Ageneral descriptionof thedefinedbenefitplans is givenbelow:-
(a)EarnedLeave Benefit(EL)
Accrual-1leave per 20working days
Accumulationupto30daysallowed
ELaccumulatedinexcessof 30days is lapsed
(b)SickLeave (SL)
Accrual-7daysper year
Encashmentwhile inserviceis notallowed
Encashment on retirement is permitted as per Company policy.
(c)Gratuity:
Gratuity provisionhas been made according tothe prescribed law.
( d)Post-RetirementMedical Benefits
There is no post-retirement medical benefit in thecompany
(e)RetirementBenefits
Atthetimeof superannuation,employeesareentitledfor reimbursementof expensestowardstravel,transportationof
personaleffectsfromtheir placeof retirementtothenewlocationupto certainlimitsdepending onthedesignationof the
employee atthetimeandonemonth'ssalaryas settling allowance.
The following contributions to Defined Contributions plans are treated as expense

during the year :
Defined Contribution Plan Expenses Contribution for key

recognised management
during personnel
Employer's contribution to provident fund 10 11

(Previous year) 24 24
Employer's Contribution to Employee State 1 2
Insurance
(Previous year) 4 4
The amount recognised in the balance sheet for post-employment benefit plans are as
under :
Particulars Gratuity Post- Other Retirement

(Unfunded) Retirement Benefits
Medical
Benefit
Present value of unfunded 81 0 0
obligation
(Previous year) 93 0 0

Notes to the Consolidated financial statements for the year ended March 31, 2022
(All amounts in Rs in lacs unless otherwisestated)
Note Particulars As at March 31, As at March

2022 31, 2021
4(a) Loans
Advance to associates
- APJ Laboratories Ltd 557 567
557 567
4(b) Other Financial Assets

Deposits to others 50 51
Subsidy and Other Receivables
Capital Subsidy 319 319

Other loans and advances
Advance tax and tax deducted at 217 217
source
Total 586 587
4(c) Trade Receivables

Trade Receivable 3053 2639
Total Receivable 3053 2639
Current Portion 859
Non- Current Portion 1780
4(d) Cash and Cash Equivalents

Balances with banks:
On current accounts with scheduled banks 6 2
On EEFC accounts 0 0
Cash on hand 0 1
Total 6 3
4(e) Other bank balances

Fixed deposits with Banks 69 105
Total 69 105
5 Other Non-Current Assets

Advances to suppliers 150 147
TDS / GST receivable 279 289
Subsidy and incentive receivable 1124 928
MAT Credit entitlements 96 96
Total 1646 1460
6 Inventories
Raw Materials 211 233
Work-in-Progress 395 386
Finished Goods 1173 774
Store & Spares 45 98
Total 1824 1491
7 Other Current Assets

Prepaid Insurance 7 4
Deposited in OTS Scheme 0 2044
Total 7 2048
12 Revenue from Operations
Sale of goods
Sales- Export 3412 3447
Sales- Domestic 2847 2189
Total 6259 5636
13 Other Income
Interest income 3 6
Duty draw back 3 2
Other Income 85 60

Profit on Sale of Machinery 0 0
Income from Forfieted of Share Application 0 0
Money
Export Incentives 200 120
Total 291 188
14 Raw Material & Consumables Consumed

Raw material at the beginning of the year 331 398
Add:
Purchases 2605 2333
Freight inward 18 14
Packing Expenses& other 31 29
Less: Raw material at the end of the year 256 331
Total 2729 2443
15 Changes in inventories of finished goods and work-in-progress

Opening Stock
1140 982
Closing Stock
1160 1140
(Increase)/Decrease in inventories -408 -20
16 Employee benefit expense

Salaries, wages and bonus 307 346
Contribution to
Provident Fund 10 11
Employees' State Incorporation Fund 1 2
Gratuity 0 2
Staff welfare expenses 3 6
Total 321 367
Directors’ remuneration
(included under employee benefit
expense)
Salaries to Managing Director 60 60
Salaries to Whole Time Director 19 19
Contribution to provident fund 0 0
79 79
17 Depreciation and amortisation

expense
Depreciation of property, plant and 674 1046
equipment
Total 674 1046
18 Other expenses
Power and fuel 657 541
Rent:
- Offices and Godowns 4 4
Rates and taxes 50 12

Insurance 11 8
Repairs and maintenance:
- Plant and machinery 7 17
- Building 0 0
- Others 0 0
Advertisement and sales 1 1
promotion
Postage and courier 1 1
Travelling and conveyance 24 38
Printing and stationery 2 1
Communication 2 3
Legal and professional 27 35
Payment to Auditors 7 3
Selling Expenses 933 892
Misc exp. 9 6
Freight Outward 241 191
Other expenses 85 90
Total 2061 184
4
Auditor's Remuneration
Professional Fee
-Audit Fees 3 6
-Tax Audit Fees 0 0
Reimbursement of Expenses 0 0
3 6
19 Finance cost
Interest and finance charges on financial liabilities not at fair value through profit 36 23
or loss
Total 26 23


20 Disclosures pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and Section 186 of the Companies Act, 2013
a Loans and advances in the nature of loans given to the subsidiaries, associates and others and investment in shares
of the company, by such companies:
Year Year ended
ended
31-Mar- 31-Mar-
2022 2021
(i) Loans and advances
(ii) Sundry Creditors
(iii) Investment in shares of subsidary companies:
b Related party disclosures

Name of related parties
Key Management Personnel and their relatives Mr. M.M. Malik
Mrs.Sangita Malik
Enterprises over which key management personnel / shareholders and their Himalya Carbonates Pvt. Ltd.
relatives have significant influence Doon Valley Foods Pvt. Ltd.
APJ Laboratories Ltd
Himalya Simplot Pvt Ltd.
Subsidiary companies Himalya Green Apartments
Appetizer and Snacks Foods
Nature of transaction Year ended Year ended

31-Mar-2022 31-Mar-
2021
(i) Managerial remuneration
Mr. M.M. Malik 60 60
Mrs.Sangita Malik 19 19
(ii) Loans and advances
(iii) Sundry Creditors
Purchase Value 365 385
(iv) Investment in shares of subsidary companies:

c DetailsofduestoMicroandSmallEnterprisesasperMSMEDAct,2006
The classification of the suppliers under MSMED Act, 2006 is made on the basis of information made available to the
Company. The Company has neither paid any interest in the terms of section 16 of the above said act nor any interest
remains unpaid and no payments were made beyond the "appointed date" to such enterprises during the year ended
31.03.2022. Amount outstanding to these enterprises to the year ended 31.03.2021is Rs. Nil (previous year Rs. Nil).
d Segment
Primary Segment
We have to segment Agriculture and Processed foods . In Agriculture we produced fresh Mushroom, sale as fresh , chilled . And in
process food we sell canned Mushroom ,Frozen Appetizers , we maintianed both segments books sepretaly Profit & loss accounts
of both are as under:
Particular Agri Div. Mfg Div. Total

By Sales
By Sales 750 4920 5670
By Other Income 0 291 291
By Transfer to process 589 0 589
Div
Total 1339 5211 6550
By Closing Stock
To Opening Stock
Increase/decrease in -149 482 333
Stock
Total Income 1190 5693 6883
To Purchases Raw-
Material 0 1852 1852
To Purchase of Fresh
Mushroom 0 0 0
To Agriculture
Expenses Raw -Mat 753 0 753
To Growing Expenses 273 0 273
To Manufacturing Exp. 0 433 433
To Repair 6 1 7
To Financial Exp. 6 30 36
To Depreciation 104 570 674
To Employee Salary 74 247 321
To Freight Out Ward 17 224 241
To Selling Exp. 7 926 933
To Admin Exp. 16 207 223
Total Expenses 1256 4490 5746
To Net Earnings -66 1203 1137
InformationabouttheSecondarySegments
Revenueandsundrydebtorsaspergeographicalmarkets

Particulars Revenue Sundrydebtors
2022 2021 2021 2022
India 2847 2189 373 770
OutsideIndia 3412 3447 2266 2283
Total
6259 5636 2639 3053
TheCompanyhascommonfixedassetsforproducinggoodsfordomesticMarketandOverseasMarket.Hence,separatefigure
sforfixedassets/additionstofixedassetscannotbefurnished.
E Earningpershares(E.P.S.) Yearended31- Yearended31-

Mär-2022 Mär-2021
BasicE.P.S. 16.46 0.44
DilutedE.P.S. 16.46 0.44
CalculationofbasicE.P.S.
a)Netprofitfortheyearattributabletoequityshareholders 9524 252
b)Weightedaveragenumberofequityshares 57872604 57872604
c)Basicearningspershare(a/b) 16.49 0.44
d)Nominalvaluepershare 10/- Rs.-10/-
Calculationofdilutedshares
Weightedaveragenumberofequityshares 57872604 57872604
Numberofsharesinrespectofshareswarrants
Total: 57872604 57872604
F DisclosureoftheCompany'sinterestInjointlycontrolledassets:
TheCompanyhasinterestinthefollowingjointlycontrolledentity:
Name Of the company Company's interest AmountofInvestment (In Partnersand their

Lakhs) participatinginterest
HimalyaSimplot Private Ltd. 50% 114936 Simplot India LLC 50%
The Company had invested in 50% shareholding of Himalya Simplot Private Limited (the "joint venture") which was
managed by the JV partner, Simplot India LLC.
The Company has access to the audited accounts of the joint venture for the financial year ended 31 March 2014. Audited
financial statements for subsequent years have not been made available to the Company. Based on information available
with the Company that the operations of the joint venture have ceased, the Management, as a measure of abundant
prudence, made a provision for dimunition in the value of the investment made in the entity in the financial year ended 31
March 2014.
Consequently accounts of Jointly held entity are not consolidated with the company's accounts.
The Company as well Simplot India LLC have preferred counter claims against each other.
a.
Simplot India LLC has invoked arbitration at Singapore which the Company has challenged on grounds of
jurisdiction. The Company has been legally advised that the claim of Simplot India LLC is untenable and liable to
be rejected or substantially diluted, and accordingly, no provision is considered necessary.
b. The Company has filed case against Simplot India LLC before the Hon'ble Delhi High Court, which has been
directed to Delhi High Court arbitration centre.
There are no material prior year items included in the Statement of Profit and Loss, except to the extent disclosed at the
appropriate place in the Notes.
During the year there is no liablity to pay MAT as there is carried forward business loss.

Transfer pricing
The Company is of the opinion that its domestic transactions with related parties is at arm's length and in compliance
with the transfer pricing legislation. The management believes that the aforesaid legislation will not have any impact on
the financial statements, particularly on its tax expense and liability.
Explanatory Note :In the dispute that arose with Erstwhile JV partner Simplot USA in 2013, the Singapore International
Arbitration Center ( SIAC) awarded US $ 3.96 mm with further interest @ 5.33% till the date of payment from the date of
award to be payable by the Company and in turn the sale of French Fry line and Specialty Potato Lines stands cancelled and
has been reverted back to the Company. The Tribunal has directed Simplot to return the Pieces and Penals removed from
French Fry & Potato Specialty Lines. Company Proposes to file an appeal in Singapore Highcourt to Challange the amount
awarded. However company has shown the amount in contingent liability and on conclusion of appeal will pass the
necessary entries to add the value of the French Fry & Potato Specialty Lines into assets.
COVID-19 has had an impact on the business operations of the company, as on the signing date.
The operations of growing Mushroom has been affected which results decline in turnover.
This however does not effect the concept of "Going Concern" for the company.
Further there has been no impairment in the value of Inventories or Financial assets and Non financial
instruments for the company.
Previous year’s figures have been regrouped/rearranged where necessary to conform to current year's presentation.
SignaturestoNotes1to20
Partner

Form No. AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts)
Rules, 2014)
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to
in sub-section (1) of section 188 of the Companies Act, 2013 including certain arm’s length transactions under third
proviso thereto.
Details of contracts or arrangements or transactions not at arm’s length basis:

The Company has not entered in any contract or arrangement or transactions with its related parties which is not at arm’s
length during the Financial Year 2020-21.
Details of material contracts or arrangement or transactions at arm’s length basis:

In accordance with the requirements of IND AS 24, name of the related party, related party relationship, outstanding
balances including commitments where control exits and with whom transactions have taken place during reported
periods, are reported as under:
(i) Related party name andrelationship:
Particulars Designation
Mr. M.M. Malik Managing Director
Mrs. Sangita Malik Whole Time Director
(ii) Enterprises over which key management personnel / shareholders and their relatives have significant
influence (With whom transactions have taken place):
Particulars Designation
Doon Valley Foods Pvt. Ltd. Managing Directors
(iii) Transactions carried out with Related Parties referred in point (i) & (ii) above in ordinary course of
Business
(Rs. in Lakhs)
As at 31st March, 2022 As at 31st March,2021
Nature of Transactions
M.M. Malik ( Managing Director) 60 60
Remuneration paid
Sangita Malik 19 19
Remuneration paid
Doon Valley Foods Pvt. Ltd.
Purchases of Raw Material 385 365

Sd/-
Man Mohan Malik
Date: 13.08.2022 Chairman cum Managing Director
Place: : Poanta Sahib DIN: 00696077

BOOK-POST
--------------------------------------
-------------------------------------------
---------------------------------------------------
If undelivered Please return to:-
WORK : HIMALAYA INTERNATIONAL LTD
VILLAGE SUBHKHERA, POANTA SAHIB (H.P)-173025

DISTT. SIRMOUR (HIMACHAL PRADESH
REGD. OFF: 118, 1ST FLOOR, 12 GAGANDEEP BUILDING,

RAJENDRA PLACE, NEW DELHI-110008

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31st

BOARD OF DIRECTORS CORPORATE IDENTIFICATIONNUMBER

31st Annual Report Year 2021-2022

We are in process of selling parcels of excess land within current year.

31st Annual Report Year 2021-2022

Ultimate Beneficiary Disclosure

Name of the Company Number of the Ultimate beneficiary

4. Issue of Equity Shares on Preferential Allotment Basis

31st Annual Report Year 2021-2022

31st Annual Report Year 2021-2022

5. Increase in Authorised Share Capital of the Company and consequential amendment in

Place: Delhi By order of the Board ofDirectors

31st Annual Report Year 2021-2022

9. Dispatch of Annual Report and Notice of AGM throughelectronic mode:

31st Annual Report Year 2021-2022

31st Annual Report Year 2021-2022

THE INTRUCTIONS OF SHAREHOLDERS FOR REMOTE E-VOTING ARE AS UNDER:

iii) In terms of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020 on

Type of shareholders Login Method

3) If the user is not registered for Easi/Easiest, option to register is available at

31st Annual Report Year 2021-2022

Login type Helpdesk details

1) The shareholders should log on to the e-voting website www.evotingindia.com.

31st Annual Report Year 2021-2022

4) Next enter the Image Verification as displayed and Click on Login.

v) After entering these details appropriately, click on “SUBMIT” tab.

31st Annual Report Year 2021-2022

 The list of accounts linked in the login should be mailed to [email protected]

31st Annual Report Year 2021-2022

Place: Delhi By order of the Board of Directors

31st Annual Report Year 2021-2022

3. The price or price band at which the allotment is proposed:

Sr. Pre-Issue No. Of Post Issue of No. OfPost Conversion of

31st Annual Report Year 2021-2022

31st Annual Report Year 2021-2022

14. Requirements as to re-computation of price:

31st Annual Report Year 2021-2022

Place: Delhi By order of the Board of Directors

31st Annual Report Year 2021-2022

NameoftheDirector Mr. Sanjiv Kumar Kakkar Mr. Surendra Kumar Kaushik

DateofBirth& Age November 17,1957 January 08,1947

Qualification He is Merchant Navy Engineer He is Bachelor of Science in Agriculture

Date of first appointment 28/10/2017 22/01/2018

31st Annual Report Year 2021-2022

IncomefromOperation 6259 5636

The Company has not transferred any amount to reserves.

31st Annual Report Year 2021-2022

During the year the Board of Directors consist of as hereunder:

Name Designation DIN Date Date

Sanjiv Kumar Kakkar Executive Director 02434426 28/10/2017 -

S.No. Dateofmeeting Total No. of Directors on No.of %

The Audit Committee during the year consisted of 4 members:-

11. CONSERVATIONOFENERGY,TECHNOLOGYABSORPTION ,FOREIGN EXCHANGEEARNINGSANDOUTGO

31st Annual Report Year 2021-2022

B. FOREIGN EXCHANGE EARNINGS AND OUTGO:

31st Annual Report Year 2021-2022

17. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

31st Annual Report Year 2021-2022