NHC Foods announced board approval for strategic investments, aiming to acquire up to 88% stake in Lotmor Brands Private Limited and up to 80% stake in Walya’s Beverages Private Limited. These acquisitions, to be considered via cash or share issuance, are subject to shareholder approval. The company also appointed Mr. Suryakant Dhondu Walavalkar as an Additional Director. This move signifies NHC Foods’ intent to expand its operational footprint and leverage synergies within the food and beverage sector.
Strategic Acquisitions Approved
The Board of Directors at NHC Foods Limited has given its approval for significant strategic investments aimed at expanding the company’s market presence. The board approved the acquisition of up to 88% stake in Lotmor Brands Private Limited. Additionally, approval was granted for the acquisition of up to 80% stake in Walya’s Beverages Private Limited. These decisions were made during the board meeting held on September 16, 2026.
Investment Terms and Shareholder Approval
The consideration for these acquisitions can be made either in cash or through the issuance of NHC Foods shares, with a proposed share price of Rs. 6.5 or a price determined six months post-disclosure, as per SEBI regulations. These transactions are contingent upon the approval of NHC Foods’ shareholders, particularly if the consideration involves share issuance.
Synergies and Growth Potential
For Lotmor Brands, the acquisition is expected to enhance NHC Foods’ business through procurement and distribution capabilities, strengthening its financials and enabling the target company to expand its growth potential. Similarly, Walya’s Beverages is seen to add synergy to NHC Foods’ existing operations, with its positive cash flows bolstering the company’s financial standing and supporting the target company’s expansion.
Board Appointment
In a further development, the board approved the appointment of Mr. Suryakant Dhondu Walavalkar (DIN: 07965514) as an Additional Director, designated as an Executive Director. This appointment is effective from September 16, 2026, until the next General Meeting of the Company and also requires shareholder approval.
Company Details
NHC Foods Limited, an ISO 22000:2005 Certified Company, is focused on growth within the food and beverage sector. Lotmor Brands Private Limited, incorporated on October 30, 2018, operates in trading and manufacturing of food and beverages, with a reported turnover of INR 1,79,739 (’00) for FY 2024-25. Walya’s Beverages Private Limited, incorporated on June 24, 2021, is also engaged in manufacturing, trading, and wholesaling of food and beverage products, with a turnover of INR 22,275.49 (’00) for FY 2024-25.
Source: BSE
