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Business Standard
28-07-2025
- Business
- Business Standard
NHC Foods Signs Mou With Lotmor Brands, Eyes Diversification, Retail Growth, Appoints New KMPs
PNN Mumbai (Maharashtra) [India], July 28: NHC Foods Limited (BSE: 517544), a leading exporter of agricultural commodities and spices, has entered into a strategic Memorandum of Understanding (MoU) with Lotmor Brands, marking a significant move in the company's growth and diversification strategy. This grants NHC Foods the rights to manufacture a range of beverages and similar products under Lotmor's 'Nature Day' brand. The strategic move aligns with NHC Foods' strategy to diversify its portfolio beyond exports and agricultural commodities. The company plans to leverage this tie-up to expand its footprint in India's organised retail sector, with a focused entry into leading chains. NHC aims to capture the growing demand for quality packaged beverages and allied FMCG products driven by evolving consumer lifestyles and preferences. Commenting on the MoU, Satyam Joshi, the newly appointed Managing Director of NHC Foods Limited, said, "This MoU with Lotmor marks a defining moment for NHC Foods as we step into India's thriving retail sector. Our strengths in manufacturing, quality assurance, and distribution, combined with Lotmor's product innovation, will enable us to deliver exceptional value to the consumers. This is the beginning of a long-term transformation for us. Highlights: * NHC Foods Limited has entered a strategic MoU with Lotmor Brands Private Limited to manufacture beverages and similar products under Lotmor's 'Nature Day' brand, marking its diversification beyond exports and agri-commodities. * Financial performance for FY 2024-25 shows strong growth, with revenue rising 63.1% to Rs. 341.41 crore and net profit increased 184.7% to Rs. 6.69 crore, reflecting operational efficiency and business momentum. * An EGM held on July 18, approved increasing authorised share capital from Rs. 65 crores to Rs. 100 crore and issuing 6.5 crore convertible warrants on a preferential basis to Mr. Joshi." Mr. Joshi's elevation from Executive Director to Managing Director follows the company's strategic shift under new leadership. An Extraordinary General Meeting (EGM) recently approved several resolutions, including an increase in authorised share capital from Rs. 65 crore to Rs. 100 crore, and the issuance of 6.5 crore convertible warrants on a preferential basis to Mr. Joshi. Separately, the Board of Directors of NHC Foods has approved the appointment of Manoj Kumar Sharma as the Company's Chief Financial Officer. At the same time, Vijay Thakkar has been appointed as the Company Secretary and Compliance Officer. Both appointments took effect on July 16. Financially, NHC Foods continues to demonstrate robust performance. The company's revenue for the financial year 2024-25 was Rs. 341.41 crore, representing a 63.1% increase over the previous year's revenue of Rs. 209.24 crore. The company's net profit jumped by 184.7% from Rs. 2.35 crore to Rs. 6.69 crore, reflecting enhanced growth and operational efficiencies. Disclaimer: This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
Business Upturn
21-07-2025
- Business
- Business Upturn
NHC Foods signs MoU with Lotmor Brands to manufacture beverages
By Aditya Bhagchandani Published on July 21, 2025, 13:19 IST NHC Foods Limited announced on July 21, 2025, that it has entered into a Memorandum of Understanding (MoU) with Lotmor Brands Private Limited to manufacture a range of beverages and similar products. The company informed the stock exchanges about the development in a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements. According to the filing, the MoU grants NHC Foods the manufacturing rights for Lotmor's beverages and allied products across the agreed territory. The MoU will remain in force for a period of two years from the date of execution. At the end of this period — or earlier if mutually agreed — a definitive manufacturing agreement with detailed terms and conditions will be signed by both parties. There is no upfront consideration involved in signing the MoU, and it does not constitute a related-party transaction. NHC Foods highlighted that this move is a strategic step to diversify its business portfolio into the beverages sector, aligning with emerging market trends and evolving consumer preferences. The company stated, 'Upon execution of this MoU and the subsequent manufacturing agreement, NHC will become the manufacturer of various beverages and similar products of Lotmor Brands Private Limited.' The agreement marks NHC Foods' entry into a new product segment, aimed at leveraging growth opportunities in the fast-evolving beverages and allied products market. For records, the MoU is domestic in nature, involves no share exchange or joint venture ratio, and carries terms typical for an arrangement of this size and scope. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
