NHC Foods Limited has announced a significant strategic move, with its Board of Directors approving the acquisition of stakes in two private companies: Lotmor Brands Private Limited (up to 88%) and Walya’s Beverages Private Limited (up to 80%). These investments, to be considered via cash or share issuance, aim to enhance procurement and distribution capabilities, driving synergy and financial strength. Additionally, the board approved the appointment of Mr. Suryakant Dhondu Walavalkar as an Additional Director.
Strategic Acquisitions to Drive Growth
NHC Foods Limited’s Board of Directors convened on September 16, 2026, and approved key strategic initiatives, including the proposed acquisition of substantial stakes in two privately held companies within the food and beverage sector. The company plans to acquire up to 88% stake in Lotmor Brands Private Limited and up to 80% stake in Walya’s Beverages Private Limited. These acquisitions are intended to bolster NHC Foods’ market presence and operational efficiencies.
Investment Details and Rationale
The consideration for these acquisitions can be settled either through cash or by issuing NHC Foods’ shares at a price of ₹6.5 per share, or at a price determined 6 months post-disclosure, subject to shareholder approval for non-cash transactions. The rationale behind these moves is to leverage the target companies’ procurement and distribution capabilities, creating synergy with NHC Foods’ existing business. This is expected to strengthen the company’s financials through positive cash flows and support the expansion of the acquired businesses, which show considerable growth potential.
The detailed disclosures for these acquisitions, as required by SEBI regulations, have been provided in Annexure – I (for Lotmor Brands Private Limited) and Annexure – II (for Walya’s Beverages Private Limited).
Board Appointments
In addition to the acquisition approvals, the Board also appointed Mr. Suryakant Dhondu Walavalkar (DIN: 07965514) as an Additional Director, designated as an Executive Director. This appointment is effective from September 16, 2026, and will continue until the next General Meeting of the Company, pending shareholder approval. Mr. Walavalkar brings extensive experience in business leadership and supply chain strategy, with over 28 years in sectors including modern trade, luxury brand distribution, and global logistics. His profile is detailed in Annexure – III.
Board Meeting Summary
The Board Meeting commenced at 02:00 P.M. and concluded at 03:00 P.M. on September 16, 2026. The details provided herein are for informational purposes and record.
Source: BSE
