Notice of 33rd AGM and Annual Report for the financial year 2024-25 is attached herewith.
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NHC Foods Ltd has sent out the notice for its 33rd Annual General Meeting scheduled for Tuesday, September 30, 2025, at 11:30 a.m. via video conferencing, along with the Annual Report for FY 2024-25. For the year, standalone revenue from operations jumped to Rs. 34,141.34 lakhs from Rs. 20,924.40 lakhs, while profit after tax rose sharply to Rs. 669.42 lakhs from Rs. 234.73 lakhs in FY 23-24, a growth of about 185%. No dividend was recommended, with profits retained for expansion plans. Key items at the AGM include reappointment of Mr. Ashish Ashokkumar Shah as a director, his designation change from Non-Executive to Executive Director at Rs. 30,000/month, and a proposal to raise the company's Section 186 investment and lending limit to Rs. 200 crore. The company also plans to alter its main objects to include healthcare/nutrition products and solar-powered products.
Strong revenue and profit growth in FY25 signals operational momentum, though the no-dividend decision may not appeal to income-focused shareholders. The push for a higher Section 186 limit (Rs. 200 crore) and entry into healthcare and solar segments hints at upcoming diversification and possible capital deployment, which investors should watch for execution and returns.