NHC Foods Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/06/2025 ,inter alia, to consider and approve 1. The proposal for fund raising ....
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NHC Foods Ltd has informed BSE that its Board of Directors will meet on 21st June 2025 to consider raising funds through a preferential issue or private placement of securities, either for cash or other than cash, with the issue price to be determined. The Board will also consider increasing the company's Authorised Share Capital and amending the Capital Clause of the Memorandum of Association accordingly. The trading window for dealing in the company's securities is closed from 17th June 2025 until 48 hours after the board meeting outcome is declared. The fundraising proposal will also require shareholder approval after the Board's initial consideration.
Shareholders should note potential dilution risk as the company plans to issue new securities, though the size, price, and timing are yet to be decided. An increase in authorised capital signals the company is preparing room for a significant capital raise, which could be positive if used for growth but dilutive if priced unfavourably.