NHC Foods Limited informed the BSE that Vijay Mukesh Thakkar has resigned from his position as Company Secretary and Compliance Officer. The resignation is effective from the closing of business hours on October 16, 2026.

The company stated that Thakkar’s departure is due to his intention to obtain registration as a Practicing Company Secretary (PCS) with the Institute of Company Secretaries of India (ICSI). The filing explicitly notes that there are no other material reasons for his resignation beyond this professional transition.

Regulatory Disclosure Details

The intimation was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure includes details required under Schedule III of the said Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key details regarding the cessation are outlined below:

Board Confirmation

The resignation letter was addressed to the Board of Directors of NHC Foods Limited. In the letter, Thakkar requested the Board to accept his resignation effective October 16, 2026, and to file the necessary forms with the Registrar of Companies. He also requested that the necessary communication and disclosure be submitted to the stock exchange to give effect to the resignation.

The company’s Managing Director, Satyam Shirishchandra Joshi, signed the digital submission to the BSE, confirming the acceptance of the resignation and the subsequent regulatory filings.

NHC Foods announced that its foreign step-down subsidiary, Conquer Enterprises Limited, has signed a non-binding Letter of Intent to acquire a 75% equity interest in DNR Ventures Pte Ltd, based in Singapore.

The proposed transaction carries a consideration of $5.5 million. This move marks a strategic expansion into the Singaporean market through the acquisition of a significant stake in the target entity.

Deal Structure and Conditions

The acquisition is currently at the preliminary stage. The agreement signed is explicitly non-binding, meaning it does not legally obligate either party to complete the transaction. The finalization of the deal is subject to several critical conditions precedent:

• Satisfactory completion of due diligence processes.
• Execution of mutually agreed definitive transaction documents.
• Receipt of applicable corporate approvals from both entities.
• Securing all required regulatory and third-party consents.

Strategic Context

This development follows disclosures made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing highlights the company's intent to strengthen its international footprint via its foreign subsidiary structure.

What the Numbers Show

The disclosed consideration of $5.5 million for a 75% stake implies an implied enterprise value for DNR Ventures Pte Ltd of approximately $7.33 million (derived strictly from the ratio of consideration to equity percentage). This valuation metric provides a baseline for assessing the scale of the target entity relative to the acquiring subsidiary's capital allocation.