NHC Foods Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/05/2026 ,inter alia, to consider and approve Issuance of Foreign Currency Convertible ....
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NHC Foods Ltd has scheduled a Board meeting on May 18, 2026 to consider and approve the issuance of Foreign Currency Convertible Bonds (FCCBs). The company has already received shareholder approval through a postal ballot conducted from February 18 to March 19, 2026, and has obtained in-principle approval from BSE Limited via letter dated April 28, 2026. The issuance remains subject to applicable regulatory and statutory approvals. The trading window for equity shares has been closed since April 1, 2026, and will continue to remain closed in view of this proposal.
FCCB issuance could lead to equity dilution upon conversion. The announcement signals the company is raising foreign currency-denominated capital, which may be used for expansion or debt refinancing. The closed trading window indicates insiders cannot trade until the outcome is disclosed.