NHC Foods plans Rs 53.76 Cr preferential issue of warrants
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 4.6 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved a preferential issue of up to 25.60 crore convertible warrants at Rs 2.10 each, totalling Rs 53.76 crore. Promoter Satyam S Joshi HUF to receive 14 crore warrants, the largest allocation, translating to 11.67% stake on full conversion. 25% upfront, balance at conversion within 18 months. Subject to shareholder approval at AGM on Sept 23, 2026. Issue follows recent conversion of 19 FCCBs into 18.18 crore equity shares. Company reported 924% YoY jump in Q1FY27 consolidated net profit.
Capital infusion backs growth plans; promoter stake rises to 11.67% post-conversion; potential dilution for existing shareholders.