NHC FOODS LTD.

NHC Foods Ltd has issued a revised outcome of its Board Meeting held on June 1, 2026, to correct a typographical error in the name of its subsidiary. The correct name is NHC INTERNATIONAL UK LIMITED, not NHC FOODS UK LIMITED. Additionally, the Board approved an investment of USD 24,295,000 (approximately £18,043,000) in NHC INTERNATIONAL UK LIMITED, a wholly-owned subsidiary. This investment is part of the utilization of proceeds from Foreign Currency Convertible Bonds (FCCBs) amounting to USD 27 million. The investment will result in the allotment of 18,043,000 new ordinary shares to NHC Foods Ltd in its subsidiary. The company anticipates completing the necessary procedures for this Overseas Direct Investment within 10-15 days.

NHC Foods Ltd has approved an investment of USD 24,295,000 (approximately ₹258 crore) in its wholly-owned foreign subsidiary, NHC FOODS UK LIMITED. This investment will result in the allotment of 18,043,000 new ordinary shares of £1.00 each by the UK subsidiary to NHC Foods Ltd. The investment is part of the utilization of proceeds from Foreign Currency Convertible Bonds (FCCBs) as outlined in the offering circular dated May 27, 2026.

NHC Foods Ltd has listed its Foreign Currency Convertible Bonds (FCCBs) worth USD 27 million with a 1.5% coupon rate, due in May 2031, on the AFRINEX Securities List (ASL) of AFRINEX Limited, Mauritius. The listing was effective from May 29, 2026, as per AFRINEX circular no. 20260529-1 dated the same day. The ISIN for the FCCBs is MU0000000370, and the issue date was May 27, 2026.

NHC Foods Ltd's Board of Directors approved the allotment of USD 27 million worth of 1.5% Unsecured Foreign Currency Convertible Bonds (FCCBs) at a 10% discount. The allotment includes 270 FCCBs with a face value of USD 100,000 each, a coupon rate of 1.5% per annum, and a tenure of 5 years, maturing on May 28, 2031. The ISIN for the bonds is MU0000000370. The board meeting was held on May 29, 2026, commencing at 12:15 pm and concluding at 12:45 pm.

The company announced the successful closure of its USD 27 million Foreign Currency Convertible Bonds (FCCBs) issue. The bonds, carrying a 1.5% coupon rate and issued at a 10% discount, were offered for subscription from May 27, 2026, and closed on May 28, 2026. The offering was fully subscribed as per the Offering Circular, allowing the company to successfully raise the targeted USD 27 million (not exceeding ₹258 crore approximately).

NHC Foods Ltd's board approved the issuance of Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount not exceeding US$ 27 million at a 1.5% coupon rate, issued at a 10% discount. The bonds are unsecured and will be credited to subscribers around May 29, 2026, subject to conditions. The board also approved the terms and conditions in the final Offering Circular and set the 'Relevant Date' for the issue as May 27, 2026. The FCCBs are proposed to be listed on the AFRINEX Exchange (Republic of Mauritius).

NHC Foods Ltd reported a 72.8% YoY rise in revenue from operations to ₹601.3 crore for FY26, with PAT increasing by 73.9% to ₹12.32 crore. Q4FY26 revenue rose 92% YoY to ₹258.4 crore, and PAT surged 642% YoY to ₹6.65 crore. A Dubai subsidiary acquired 100% stake in a Hong Kong-based trading company. The company plans to raise up to USD 27 million via equity or equity-linked instruments to fund expansion.

NHC Foods Ltd has scheduled a Board of Directors meeting on May 27, 2026, to consider and approve the issuance of Foreign Currency Convertible Bonds (FCCBs). This decision follows shareholder approval via postal ballot (Feb 18, 2026 - March 19, 2026) and in-principle approval from BSE Limited (ref no. LOD/FCCB/MV/FIP/146/2026-27 dated April 28, 2026). The trading window for company shares, which closed on April 1, 2026, will remain closed until 48 hours after the board meeting outcome.

NHC Foods Ltd's Board of Directors approved the standalone and consolidated audited financial statements for the quarter and year ended March 31, 2026. The board also approved the ‘Policy on Material Subsidiary’ and re-appointed M/s. DMS & Company as Internal Auditors for Financial Year 2026-2027. The Statutory Auditors, JMMK & Co., issued an audit report with an unmodified opinion on the standalone & consolidated financial results.

NHC Foods Ltd's Board of Directors approved the standalone and consolidated audited financial statements for the quarter and year ended March 31, 2026. They also approved the 'Policy on Material Subsidiary' and re-appointed M/s. DMS & Company as Internal Auditors for FY 2026-2027. The board confirmed that the Statutory Auditors, JMMK & Co., issued an audit report with an unmodified opinion on the standalone and consolidated financial results.