NHC Foods Ltd ‘s Rs.47.42 Crore Rights Issue Opens For Subscription on December 5, 2024

Share in Right Issue attractively priced at Rs. 1 per share as compared to current market price of Rs. 2.76 per share on 6 December 2024

Valsad (Gujarat) [India], December 9: Rs. 47.42 crore Right Issue of NHC Foods Ltd (BSE-517554), engaged in trading a diverse range of food products, including spices, food grains, oil seeds, pulses, dry fruits, and other agro-commodities, is open for subscription from December 5, 2024. The right issue of the company is attractively priced at Rs. 1 per share as compared to the current market price of Rs. 2.76 per share on 6 December 2024. The Rights Issue will close on December 18, 2024.

Investors may also buy NHC Rights Entitlements (BSE Symbol: NHCFO-RE) from BSE to participate/subscribe in the company’s right issue at ₹1. The last date for On-market Renunciation of Rights Entitlements is 12 December 2024. The Rights entitlement ratio for the issue is fixed at 4:1 (4 Rights equity shares for every 1 equity share held by shareholders on the record date – November 26, 2024). The Company will issue 47.42 crore fully paid-up Equity Shares at a price of ₹1.

For the 6 months ended H1FY25, Net Profit increased to Rs. 4.05 crore as compared to Net Profit of Rs. 2.35 crore in 12 months Full year FY24. Revenues in H1FY25 stood at Rs. 140.67 crore, compared to full-year revenue of Rs. 211.30 crore in FY24.