NHC Foods to acquire up to 88% in Lotmor Brands and 80% in Walya's Beverages
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On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 4.8 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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NHC Foods board approved acquiring up to 88% stake in Lotmor Brands (food and beverages, FY25 turnover about Rs 1.80 crore) and up to 80% in Walya's Beverages (FY25 turnover about Rs 2.23 crore). Price fixed at Rs 6.5 per share in cash or via share issue, subject to shareholder approval if non-cash. Completion targeted within 6 months. Also appointed Suryakant Walavalkar as Executive Director; he is founder of Lotmor Brands.
Two acquisitions expand NHC Foods' food and beverages footprint; possible equity dilution if share-based consideration is used. Subject to shareholder approval.