Chairman Letter For Shareholders
February 9,2020 Dear Shareholders, I have the pleasure to share the update on your Company. Financials of last quarter ending Dec 31st 2019 show positive signs of revival. The Quarterly & nine month results have been posted at BSE website Turnover and EBIDTA for last quarter show the positive results vis a vis the previous quarter as well as coresponding quarter of last FY 2018-19' Last quarter we received OTS approval from Exim Bank in line with earlier approvals of SBI & BOB. Corporation bank which was waiting for 0TS approval by all other lenders have started working to restructure their debt and have conducted TEV study. We expect their approval in next few weeks. Today happens to be the 25th anniversary of the day we all became Himalaya Family in 1995 by virtue of successful IPO. The journey has been tumultuous, but I think we have come a full circle and are at the inflection point of a new orbit to fulfil our dreams of Success. Perseverance, Prayer, Trust and Confidence in face of extreme adversities has been our biggest strength and has defined the mettle Himalaya is made of! We now move with greater confidence to transform your company & unlock its True Potential. Thanking you for your trust and Patience, Sincerely @ Himalaya Food lnternational Ltd. : Formerly known as (Himalya lnternational Ltd.)
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