NHC Foods Ltd — Others, 16-07-2025: AGM/EGM

NHC Foods' Board has approved an amendment to its upcoming EGM notice following feedback from the Stock Exchange. The EGM will now consider a preferential issue of up to 6.5 Cr convertible warrants at Rs. 1.25 each, aiming to raise Rs. 8.125 Cr. These funds are designated for capital expenditure (Rs. 2.5 Cr), working capital (Rs. 3.59 Cr), and general corporate purposes (Rs. 2.03 Cr). This strategic move, involving a non-promoter investor, will boost the company's capital base and support business growth, with no change in management control. Warrants convert to equity within 18 months.