Revised outcome of Board Meeting dated June 1, 2026 is enclosed
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NHC Foods Ltd has submitted a revised outcome of its June 1, 2026 board meeting, correcting a typographical error where its UK subsidiary was wrongly named 'NHC FOODS UK LIMITED' instead of the correct 'NHC INTERNATIONAL UK LIMITED'. Separately, the board approved an investment of USD 24,295,000 (approximately £18,043,000) into NHC International UK Limited, its wholly owned foreign subsidiary, through the allotment of 18,043,000 new ordinary shares of £1 each. This investment is part of the deployment of proceeds from the company's Foreign Currency Convertible Bonds (FCCBs) issue of up to USD 27 million (~INR 258 crore). The UK subsidiary was incorporated on April 20, 2026 in England and Wales and is yet to commence business operations.
This is essentially a capital infusion into an existing wholly owned subsidiary using FCCB proceeds, so there is no change in ownership or control for existing shareholders. Investors should watch for further disclosures on what business activities the newly funded UK subsidiary will undertake, as the funds will eventually be deployed there.