NHC Foods Plans ₹53.76 Cr Preferential Issue for Growth

NHC Foods Limited has announced a preferential issue of up to 25.60 crore convertible warrants at Rs. 2.10 per warrant, aggregating to Rs. 53.76 crore. The largest allocation of 14 crore warrants is proposed for Satyam S Joshi HUF, which could translate into an 11.67% stake upon full conversion. This move aims to strengthen the company's capital base and support its next phase of growth, following recent FCCB conversions. The issue is subject to shareholder approval at the AGM on September 23, 2026. The company reported a strong Q1FY27 performance with a 924% YoY increase in consolidated net profit.