Nutricircle Partners With Tripura Government to Create BioNutrition Valley for Plant-Based Proteins

Nutricircle Ltd signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Tripura, on July 16, 2026, to establish a BioNutrition Valley. The project aims to manufacture plant proteins, functional food ingredients, and bio-based products using circular bioeconomy practices. This initiative is expected to drive value addition to agricultural produce, sustainable industrial development, farmer income enhancement, and employment generation.

The agreement outlines a proposed investment ranging from ₹100 crore to ₹130 crore. The MoU serves as an initial expression of interest and will remain valid for a period of 12 months, with the possibility of extension upon mutual agreement. Nutricircle is responsible for obtaining all necessary permissions, licenses, and clearances required by law before the project commences.

Key Agreement Details

The following table summarizes the significant terms of the agreement:

Aspect	Details
Counterparty	Department of Industries, Government of Tripura
Purpose	Development of BioNutrition Valley for manufacturing plant proteins, functional food ingredients, and bio-based products
Investment Size	₹100 crore to ₹130 crore
Validity	12 months (extendable)
Related Party	No

The Government of Tripura will facilitate Nutricircle in securing the necessary registrations and approvals as per existing policies and regulations. Nutricircle must take steps to start project activities within one year of signing the MoU, subject to receiving the required clearances. The transaction does not involve any shareholding in the counterparty and is not classified as a related party transaction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-1.99%	-1.99%	-32.11%	+153.47%	+280.21%

Promoter Hitesh Mohanlal Patel has strengthened his position in nutricircle by acquiring additional equity shares through a preferential allotment. The transaction, completed on February 13, 2026, resulted in a significant increase in his shareholding percentage in the company.

Share Acquisition Details

Patel acquired 11,00,000 equity shares through preferential allotment, representing 9.91% of the company's expanded share capital. This acquisition increased his total shareholding from 58,50,000 shares to 69,50,000 shares.

Parameter	Before Acquisition	After Acquisition	Change
Number of Shares	58,50,000	69,50,000	+11,00,000
Shareholding %	58.50%	62.61%	+4.11%
Acquisition %	-	9.91%	-

Impact on Share Capital

The preferential allotment resulted in an expansion of Nutricircle's total equity share capital. The company's share capital increased from 1,00,00,000 equity shares to 1,11,00,000 equity shares, each with a face value of Rs. 10.

Share Capital Details	Before Allotment	After Allotment
Total Equity Shares	1,00,00,000	1,11,00,000
Face Value per Share	Rs. 10	Rs. 10
Total Share Capital Value	Rs. 10,00,00,000	Rs. 11,10,00,000

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on February 14, 2026. Patel confirmed his status as a promoter of the company in the filing submitted to BSE Limited, where Nutricircle's shares are listed under BSE Code 530219.

Transaction Summary

The preferential allotment represents a strategic move by the promoter to increase his stake in the company. With this acquisition, Patel has consolidated his position as a major shareholder, moving from a 58.50% holding to 62.61% of the total voting capital. The transaction was executed through preferential allotment mode, indicating a direct issuance of shares to the promoter rather than market purchases.