NHC Foods Appoints Suryakant Walavalkar as Executive Director

NHC Foods Ltd announced the appointment of Mr. Suryakant Dhondu Walavalkar as an Additional Director, designated as an Executive Director, effective September 16, 2026. This appointment is subject to shareholder approval. The Board of Directors also approved investments in Lotmor Brands Private Limited (up to 88% stake) and Walya's Beverages Private Limited (up to 80% stake). The acquisition of Lotmor Brands, involved in food and beverage trading and manufacturing, is expected to enhance NHC Foods' procurement and distribution capabilities and strengthen its financials. The consideration for these acquisitions can be in cash or shares, with a potential share price of Rs. 6.5 or as determined later. The completion of the Lotmor Brands acquisition is anticipated within six months.