Pursuant to Regulation 30 of the Listing Regulations, we would like to inform you that the Company has entered into a Memorandum of Understanding ('MoU') with LOTMOR brands Private Limited, ....
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NHC Foods Ltd has signed a Memorandum of Understanding (MoU) with LOTMOR Brands Private Limited to manufacture beverages and similar products on LOTMOR's behalf across an agreed territory. The MoU is for an initial 2-year period, after which both parties may enter into a definitive manufacturing agreement. No upfront consideration has been paid or received, and it is not a related-party transaction. The company views this as a strategic move to diversify its existing business portfolio into the beverages and allied products sector, aligning with emerging consumer trends.
This is an early-stage diversification step with no immediate financial outlay, so near-term impact on shareholders is limited. The deal could be a positive catalyst if the subsequent definitive agreement leads to meaningful revenue contribution, but execution risks remain until terms are finalised after two years.