NHC Dishes Up Capital Plans—Board to Plate Preferential Issue This Week

Image Source: BW BusinessWorld

India: NHC Foods Ltd, a premier food processing and export firm, has announced that its Board of Directors will convene on June 21, 2025, to discuss a proposal to raise funds through preferential issue and/or private placement of securities.

Business Line includes:

Raising funds in cash or otherwise.
Increasing the authorized share capital of the company.
Amending the capital clause of its Memorandum of Association (MoA).
Securing other incidental and ancillary things as the Board may consider appropriate.

This move reflects NHC's intention to strengthen its financial foundation, possibly to fund expansion plans, diversification of products, or strategic investments. The company has already explored similar channels to increase its capital, including optionally convertible debentures of up to ₹75 crore.

Investors and stakeholders are keeping their fingers crossed, as the decision will define the direction of the company's growth and market positioning in the space of competitive food exports.

Sources: Rediff MoneyWiz, NHC Group, Trendlyne