Board Meeting25 Aug 2026, 10:40 pm
NHC Foods Board Approves Capital Increase & Preferential Issue
AI Summary
NHC Foods Ltd's Board of Directors met on August 25, 2026, approving a significant increase in authorized share capital from ₹100 Crores to ₹2000 Crores. The board also greenlit a preferential issue of up to 25,60,00,000 convertible warrants to non-promoters at ₹2.10 per warrant, aggregating ₹53,76,00,000, subject to shareholder approval. Additionally, the company approved the allotment of 18,18,79,020 equity shares upon partial conversion of FCCBs, increasing paid-up capital. The board also finalized the date for the 34th AGM on September 23, 2026, accepted the resignation of the CFO, and appointed a new CFO effective September 1, 2026.
Key Highlights
- Authorized share capital increased from ₹100 Cr to ₹2000 Cr.
- Proposed preferential issue of 25.6 Cr warrants to non-promoters.
- Approved allotment of equity shares from FCCB conversion.
- 34th AGM scheduled for September 23, 2026.
- CFO resignation accepted; new CFO appointed.
Price Impact
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