NHC Foods Limited has announced the successful completion of a strategic acquisition through its foreign subsidiary, expanding its international presence in the trading sector. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on April 20, 2026.

Acquisition Details

NHC INTERNATIONAL L.L.C-FZ, the Dubai-based foreign subsidiary of NHC Foods Limited, has acquired 100% of the paid-up share capital of Conquer Enterprises Limited, a company incorporated in Hong Kong. The acquisition was completed on March 11, 2026, making Conquer Enterprises a foreign step-down subsidiary of NHC Foods.

Target Company Profile

Conquer Enterprises Limited was incorporated in Hong Kong on June 30, 2022, and is registered with the Registrar of Companies, Hong Kong Special Administrative Region. The company operates in the trading business of various products including metals, steel products, and agro products.

Financial Performance

The acquired company has demonstrated consistent growth in its turnover over the past three years:

Strategic Rationale

According to the company's disclosure, this strategic investment enables NHC Foods to venture into new avenues and accelerate existing business growth. The acquisition allows the company to expand its footprint in the international trading sector, particularly in metals, steel products, and agro commodities.

Transaction Structure

The acquisition involved NHC INTERNATIONAL L.L.C-FZ acquiring 10,00,000 ordinary shares at HK$ 1 per share, representing 100% of Conquer Enterprises' paid-up share capital. The transaction comprised:

• Acquisition of 1 ordinary share from existing shareholder at HK$ 1
• Investment in 999,999 ordinary shares at HK$ 1 each as fresh allotment

Regulatory Compliance

The company confirmed that this acquisition does not constitute a related party transaction, as none of the promoter, promoter group, or group companies have any interest in the acquired entity. No governmental or regulatory approvals were required for completing this acquisition.

NHC Foods Limited has officially disclosed the voting results of its postal ballot process, confirming overwhelming shareholder support for two special resolutions. The company submitted the results to BSE Limited on March 20, 2026, along with the scrutinizer's report as required under Regulation 44(3) of SEBI Listing Regulations.

Official Disclosure and Compliance

The company formally communicated the postal ballot results to the stock exchange through Company Secretary Vijay Thakkar, providing comprehensive voting data and the scrutinizer's certification. The disclosure included detailed voting statistics and compliance documentation required under regulatory frameworks.

Resolution 1: Fund Raising Through Multiple Modes

The first special resolution sought approval for raising funds and issuance of securities through Qualified Institutional Placement (QIP), Foreign Currency Convertible Bonds (FCCB), or any other permissible modes. This resolution received exceptional shareholder support with 99.09% votes in favor.

Resolution 2: Borrowing Limit Enhancement

The second special resolution focused on enhancing limits under Section 180(1)(A) of the Companies Act, 2013, relating to the board's power to borrow money. This resolution also secured strong shareholder approval with 99.04% votes in favor.

Scrutinizer Certification and Process Details

The postal ballot process was overseen by Dinesh Kumar Deora of M/s DM & Associates Company Secretaries LLP, who served as the appointed scrutinizer. The remote e-voting was conducted through NSDL's platform from February 18, 2026 at 9:00 a.m. to March 19, 2026 at 5:00 p.m.

The scrutinizer confirmed that both resolutions were passed with the requisite majority and the voting process was conducted in accordance with the Companies Act, 2013 and applicable regulations. Public announcements regarding the postal ballot were made in The Financial Express (English) and Lokmitra (Gujarati) newspapers on February 18, 2026. The successful completion provides NHC Foods Limited with necessary approvals to pursue capital raising initiatives and expand borrowing capacity for future growth opportunities.