NHC Foods Limited has cancelled its previously approved issuance of Optionally Convertible Debentures (OCDs) following a strategic review. The decision was made during a board meeting on August 5, 2025. The company will now explore alternative financing options better aligned with its current business objectives and market conditions. The OCD issuance, originally approved by shareholders on March 12, 2025, had not yet been allotted or received in-principle approval from stock exchanges. Managing Director Satyam Joshi stated this move is part of the company's effort to pursue more suitable capital instruments and funding options.
23Jul 25
NHC Foods Expands into Beverage Sector, Partners with Lotmor Brands
NHC Foods Limited has signed an MoU with Lotmor Brands to manufacture beverages under the 'Nature Day' brand, marking its entry into the organized retail space. The company reported strong financial results for FY 2024-25 with revenue of ₹341.41 crore (63.1% growth) and net profit of ₹6.69 crore (184.7% growth). Satyam Joshi has been appointed as Managing Director. The company increased its authorized share capital to ₹100 crore and approved the issuance of 6.5 crore convertible warrants. New appointments include Manoj Kumar Sharma as CFO and Vijay Thakkar as Company Secretary.
22Jul 25
NHC Foods Limited Passes All Resolutions at Extraordinary General Meeting
NHC Foods held an Extraordinary General Meeting on July 18, 2025, where shareholders approved three significant resolutions. These include increasing the authorized share capital, issuing convertible warrants to non-promoter public investors, and changing Satyam Joshi's designation from Executive Director to Managing Director. The meeting, which included remote e-voting and physical polling, saw high approval rates for all resolutions, indicating strong shareholder support for the company's growth initiatives.
21Jul 25
NHC Foods Limited Expands into Beverage Sector with LOTMOR Brands Manufacturing Agreement
NHC Foods Limited has signed a Memorandum of Understanding (MoU) with LOTMOR Brands Private Limited to manufacture beverages and similar products. The two-year agreement grants NHC Foods manufacturing rights in an agreed territory, with no upfront consideration. This strategic move marks NHC Foods' entry into the beverage industry, diversifying its business portfolio. A definitive manufacturing agreement will be executed after the MoU period or earlier if mutually agreed.