NHC Foods Approves Acquisition of Stakes in Lotmor Brands and Walya's Beverages

NHC Foods Ltd's Board of Directors has approved the acquisition of up to 88% stake in Lotmor Brands Private Limited and up to 80% stake in Walya's Beverages Private Limited. The consideration can be cash or shares, with share price set at ₹6.5 per share or determined later. Lotmor Brands operates in food and beverage trading and manufacturing, with a FY25 turnover of ₹1.79 Lakhs. Walya's Beverages' details are pending. The acquisitions aim to leverage Lotmor's distribution capabilities and strengthen NHC Foods' financials. The board also approved the appointment of Mr. Suryakant Dhondu Walavalkar as an Additional Director. The completion of acquisitions is expected within 6 months, subject to due diligence and shareholder approval if share consideration is used.