NHC Foods Limited announced the approval of allotting 18,18,79,020 fully paid-up equity shares of face value INR 1/- each. This allotment is a result of the partial conversion of 19 Unsecured Foreign Currency Convertible Bonds (FCCBs) with a principal value of USD 19,00,000. The conversion price was INR 1/- per equity share. This action leads to an increase in the company’s paid-up equity share capital.
Equity Share Allotment Approved
NHC Foods Limited has officially announced the approval for the allotment of equity shares stemming from the partial conversion of its Unsecured Foreign Currency Convertible Bonds (FCCBs). The company’s Board of Directors, in a meeting held on August 25, 2026, sanctioned the issuance of 18,18,79,020 fully paid-up equity shares. These shares have a face value of INR 1/- each and were allotted at a conversion price of INR 1/- per equity share.
Conversion Details and Impact
The allotment follows the receipt of a notice for the partial conversion of 19 FCCBs, aggregating a principal value of USD 19,00,000. This is equivalent to INR 18,18,79,020, based on an exchange rate of INR 95.7258 as of August 24, 2026. The conversion was approved by the Board on August 25, 2026, and the shares were allotted to M/s. Emerging Market Opportunities Ltd., the FCCB holder.
Company’s Capital Structure Update
As a consequence of this allotment, NHC Foods Limited’s paid-up equity share capital has seen an increase. The company’s paid-up equity share capital now stands at INR 94,38,06,060/-, comprising 94,38,06,060 fully paid-up equity shares of INR 1/- each. Following this conversion, 240 FCCBs with a principal amount of USD 1,00,000/- remain outstanding, as listed on the Afrinex Exchange.
Board Meeting Details
The Board Meeting during which this approval was granted commenced at 06:00 pm and concluded at 08:00 pm on August 25, 2026.
Source: BSE
