The Board of Directors of Valencia Nutrition approved the issuance of a No Objection Certificate (NOC) to allow the use of the company's registered word trademark 'Valencia' for proposed entities currently in the incorporation stage with the Ministry of Corporate Affairs. The approval was granted during a board meeting held on August 13, 2026, which commenced at 2:00 pm and concluded at 2:30 pm.

The NOC is strictly limited to corporate name reservation purposes. Valencia Nutrition retains full, absolute, and exclusive legal ownership rights to the registered word trademark 'Valencia', classified under Class 32 with Word Trademark Number 5539853. The grant does not confer any operational rights or revenue-sharing obligations at this stage.

Transaction Details

The key parameters of the NOC issuance are outlined below:

The transaction is categorized as a related-party transaction because the promoters or promoter group may subscribe to shares or hold directorships in the proposed entities upon their incorporation. Despite this prospective interest, the company stated that the NOC has been granted on an arm's length basis.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced its internal Policy for Determination of Materiality in making this intimation to the BSE Limited.

Jay Shah, Whole-Time Director and CFO of Valencia Nutrition, signed the disclosure. The company emphasized that the impact on the listed entity is minimal, as the grant is solely for name reservation and does not dilute the company's intellectual property rights.

Valencia Nutrition disclosed that its promoter and Managing Director, Manish Pravinchandra Turakhia, converted warrants into equity shares on June 9, 2026. The conversion increased his stake in the company to 39.85%, a move that underscores the promoter's commitment to the firm's growth trajectory.

The disclosure, submitted to BSE Limited on June 10, 2026, under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, detailed the specifics of the transaction. Turakhia converted 15,20,000 warrants at an issue price of ₹40 per share, which included a premium of ₹30 over the face value of ₹10. The total consideration for the transaction amounted to ₹6.08 crore.

Prior to this conversion, Turakhia held 63,86,733 equity shares, representing a 34.86% stake in the company. The allotment of the new shares has raised his total holding to 79,06,733 equity shares. The transaction was executed via a preferential offer, and the company received the intimation regarding this change on June 10, 2026.

The following table outlines the changes in Turakhia's shareholding:

The filing confirmed that no trading in derivatives was conducted by the promoter or his immediate relatives during the relevant period. The conversion of warrants into equity shares represents a significant capital infusion into the company, strengthening the promoter's position in the capital structure.