NHC Foods Ltd — Important, 02-07-2026: Company Update

NHC Foods' board approved signing a Letter of Intent for the proposed investment and acquisition of Agriconnect Solutions Private Limited, an agri-commodities supply and trading firm. This move aims to leverage Agriconnect's procurement and distribution capabilities, enhancing synergy and strengthening NHC Foods' financials with positive cash flows. Agriconnect has a paid-up capital of Rs 0.50 Cr, achieved Rs 117.57 Cr turnover in FY25 (peak Rs 360 Cr in FY24), and reported a PAT of Rs 0.0289 Cr in FY25 (peak Rs 0.3125 Cr in FY24). The acquisition, pending due diligence, is expected to complete in three months, with acquisition cost details yet to be finalized.