Outcome of Board Meeting for approval of Foreign Currency Convertible Bonds ("FCCBs") and other related matters

NHC Foods Ltd's board has approved the issue of Foreign Currency Convertible Bonds (FCCBs) worth up to US$ 27 million (approximately INR 258 crore). The bonds carry a 1.5% coupon rate and are issued at a 10% discount with a tenure of 5 years maturing on May 28, 2031. The bonds will be credited to subscribers on May 29, 2026 and are proposed to be listed on AFRINEX Exchange in Mauritius. Upon conversion, these FCCBs would result in approximately 257.05 crore equity shares of Rs. 1 each, significantly diluting the equity base. The regulatory floor price was determined as per FCCB Guidelines with May 27, 2026 as the relevant date.