Hindustan Foods Limited announced that at its Board Meeting held on August 11, 2023, informed that "HFL Multiproducts Private Limited" has been incorporated as a new Wholly Owned Subsidiary Company of the Company with effect from June 23, 2023. For incurring capital expenditure to commence the Business, the Company will additionally invest in the Wholly Owned Subsidiary Company for an amount not exceeding INR 1,000 million.