NHC Foods Ltd announced board approval to raise funds not exceeding USD 27 million. The capital infusion aims to strengthen the company’s balance sheet, support expansion initiatives, and enhance operational efficiency. The move reflects NHC’s growth ambitions in the food processing and export sector.
Fundraising Scope:
NHC Foods will raise up to USD 27 million, through permissible instruments including equity, debt, or hybrid securities, subject to shareholder and regulatory approvals.
Strategic Purpose:
The funds are expected to be deployed toward capacity expansion, working capital needs, and strengthening export capabilities in processed food products.
Industry Context:
India’s food processing sector is projected to grow steadily, driven by rising global demand for packaged and value-added food exports. NHC’s fundraising aligns with this trend.
Compliance Note:
The company confirmed adherence to SEBI disclosure norms, ensuring transparency in its capital-raising process.
Why It Matters
This fundraising initiative underscores NHC Foods’ strategic intent to scale operations and capture global market opportunities. By securing fresh capital, the company is positioned to enhance competitiveness and expand its footprint in the fast-growing food processing and export industry.
Sources: BSE Corporate Filing, Economic Times, Business Standard