NHC Foods Limited has filed an intimation with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, disclosing that the company is yet to receive the necessary regulatory and statutory approvals for the issuance of Foreign Currency Convertible Bonds (FCCBs). The communication, dated May 18, 2026, follows an earlier intimation made by the company on May 13, 2026.

Pending Approvals for FCCB Issuance

As per the regulatory filing, NHC Foods Limited has not yet received the required approvals, including the ISIN number from the concerned authority, which are necessary to proceed with the FCCB issuance. The company has indicated that the Board will consider, approve, and notify the terms and conditions of the FCCBs only after the aforementioned approvals are in place.

The key details and pending items related to the FCCB issuance are outlined below:

Board Meeting Details

The Board Meeting in connection with this matter commenced at 5:30 pm and concluded at 6:30 pm on May 18, 2026. The intimation was signed by Mr. Satyam Joshi, Managing Director (DIN: 03638066), on behalf of NHC Foods Limited.

NHC Foods Limited, a Government Recognised Three Star Export House and an ISO 22000:2005 Certified Company, is incorporated under CIN L15122GJ1992PLC076277. The company's corporate office is located in Mumbai, while its factory and registered office are situated in Valsad, Gujarat.

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.