NHC today announced a strategic partnership with Meter, a vertically integrated networking company, to expand the NHC STACK. This collaboration provides NHC's Trusted Advisor Community with access to a modern enterprise networking capability designed to simplify deployment, improve visibility, and accelerate business outcomes for customers. The partnership addresses growing network complexity, distributed operations, and evolving security requirements by offering a streamlined infrastructure management solution.

Through this agreement, NHC Trusted Advisors can leverage Meter's networking platform, which combines hardware, software, deployment, monitoring, and lifecycle management. This platform is built on a single data pipeline from the local network to the data center. By integrating Meter's capabilities with NHC's operational expertise and service assurance, the partnership enables the modernization of networking environments without traditional complexity.

"At NHC, our mission is to equip our Trusted Advisor Community with differentiated solutions that solve real business challenges," said Glen Nelson, SVP Marketing and Business Development at NHC. "Customers don't need more technology vendors. They need trusted partners who can help them navigate complexity and deliver outcomes. By bringing Meter into the NHC STACK, we're giving our advisors another powerful way to help organizations simplify operations, improve network visibility, and support long-term growth."

Strategic Benefits

The integration of Meter into the NHC STACK allows advisors to align connectivity, intelligent edge technologies, and operational accountability. This approach supports business objectives by creating a simplified networking strategy that reduces management burden. Meter's platform delivers a unified stack of enterprise hardware, software, and operations as a service for one predictable monthly fee.

"Partnering with NHC allows us to extend the reach of Meter through one of the industry's most respected Trusted Advisor communities," said Peter Atkin, Head of Partnerships and Channel at Meter. "NHC's commitment to customer outcomes, advisor enablement, and long-term relationships makes this partnership a natural fit."

Partnership Overview

NHC Foods Limited has approved an investment of USD 24,295,000 in its wholly owned subsidiary, NHC FOODS UK LIMITED. The Board of Directors sanctioned this investment on June 1, 2026, utilizing the proceeds from the Foreign Currency Convertible Bonds (FCCBs) issued earlier. The company will receive 18,043,000 new ordinary shares of £1.00 each in the UK entity as consideration for this investment.

Investment and Utilization of Proceeds

The investment amount, equivalent to £18,043,000 at an applied exchange rate of 0.7426631 GBP per USD, forms part of the utilization of proceeds from the FCCB issue. The offering circular for the FCCBs was approved on May 27, 2026, and the allotment was finalized on May 29, 2026. The total FCCB issue size was capped at USD 27 million, approximately INR 258 crore. The investment in the UK subsidiary is a strategic move to expand the company's international footprint.

Target Entity Details

NHC FOODS UK LIMITED, incorporated on April 20, 2026, under the Companies Act 2006, is a private company limited by shares. It is registered with the Registrar of Companies for England and Wales and operates in the same line of business as NHC Foods Limited. The subsidiary currently has a paid-up share capital of 1,000 ordinary shares of GBP 1 each and is yet to commence business operations.

Regulatory and procedural compliance

The investment is being undertaken under the Automatic Route as per the Foreign Exchange Management Act, 1999, and does not require specific governmental approvals at this stage. The company expects to complete the necessary procedures for Overseas Direct Investment within approximately 10 to 15 days. The intimation regarding this investment was submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.