Pursuant to Regulation 30 of the Listing Regulations, we are enclosing herewith the Press Release about the recent developments and events of the Company. You are requested to take the ....
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NHC Foods has signed a strategic MoU with Lotmor Brands to manufacture beverages under the 'Nature Day' brand, marking its entry into India's organised retail and FMCG space beyond its existing exports and agri-commodities business. For FY2024-25, the company reported revenue of Rs. 341.41 crore, up 63.1% year-on-year, while net profit surged 184.7% to Rs. 6.69 crore. An EGM on July 18 approved raising the authorised share capital from Rs. 65 crore to Rs. 100 crore and issuing 6.5 crore convertible warrants on a preferential basis to Mr. Satyam Joshi, who has been elevated from Executive Director to Managing Director. The Board has also appointed Manoj Kumar Sharma as CFO and Vijay Thakkar as Company Secretary, effective July 16.
The diversification move into branded beverages opens a new growth vertical, while the sharp jump in revenue and profit signals strong operational momentum. The preferential warrant issue to the new MD aligns promoter interests with shareholders, though it will result in equity dilution when converted.