Hindustan Foods Arm to Buy 2 Nashik Ice Cream Cone Manufacturing Plants

Hindustan Foods Limited (HFL) has announced that its wholly owned subsidiary, HFL Consumer Products Private Limited (HCPPL), will acquire 2 ice-cream cone manufacturing facilities in Nashik, Maharashtra. The acquisition will be made through a slump sale and going concern basis for a total cash consideration of ₹26.25 crore.

Details of the Facilities

As per the exchange filings, the 2 units are located at Plot No. G-21 and Plot No. A-42 in the MIDC area of Malegaon, Sinnar, Nashik. These facilities, owned by M/s. Ashish Industries and M/s. Vijay is engaged in manufacturing ice-cream cones along with sleeve printing and packaging. The facilities are operational and will be transferred to HCPPL once the required conditions are met.

Transaction Value

According to the agreement, ₹20 crore will be paid to M/s. Ashish Industries and ₹6.25 crore to M/s. Vijay. The entire transaction will be settled in cash, subject to standard adjustments and approvals as specified in the Business Transfer Agreement (BTA).

Purpose of the Acquisition

The acquisition is part of HFL’s plan to expand its contract manufacturing operations. HCPPL has identified the Nashik-based units as suitable facilities for manufacturing ice-cream cones and related packaging. Earlier, the company had proposed an investment of up to ₹30 crore, including working capital, to set up production in this category.

Regulatory and Completion Timeline

The acquisition, executed on November 11, 2025, will be completed once regulatory permissions and license transfers are in place. The process is expected to conclude by the third quarter of FY2025-26.

This transaction does not qualify as a related party transaction. The promoter or promoter group of HFL has no interest in the entities being acquired.

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Hindustan Foods Share Price Performance

As of November 12, 2025, 10:48 am, Hindustan Foods share price was trading at ₹537.10, a 1.63% decrease from the previous close.

Conclusion

After completion, the two Nashik units will become part of HFL Consumer Products’ operations, expanding its manufacturing in Maharashtra.

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