NHC Foods to Acquire Stakes in Lotmor Brands and Walya's Beverages

NHC Foods Ltd announced its 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 in cash or shares at Rs. 6.5 per share, subject to shareholder approval. Lotmor Brands, involved in food and beverage trading and manufacturing, had a turnover of INR 1,79,739 ('00) in FY25. The acquisition is expected to enhance NHC Foods' procurement and distribution capabilities and strengthen its financials. Additionally, Mr. Suryakant Dhondu Walavalkar was appointed as an Additional Director, designated as Executive Director.