Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»NHC Foods Signs Mou With Lotmor Brands, Eyes Diversification, Retail Growth, Appoints New KMPs – ThePrint – ANIPressReleases
    Commodities

    NHC Foods Signs Mou With Lotmor Brands, Eyes Diversification, Retail Growth, Appoints New KMPs – ThePrint – ANIPressReleases

    July 28, 20253 Mins Read


    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.

    (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

    This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    OSU agricultural economy professor cites ‘black swan’ events behind industry’s bailout need

    Commodities

    Groundbreaking metal-organic framework research wins Chemistry Nobel Prize 2025

    Commodities

    Cenovus sweetens takeover offer for MEG Energy

    Commodities

    Chemistry Nobel Prize goes to metal-organic framework researchers : NPR

    Commodities

    India was net importer of finished steel in September, government data shows

    Commodities

    Chicago man killed when metal object crashed through windshield on Dan Ryan identified

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Bitcoin, Ethereum, Dogecoin Fall Amid Uncertainty Over Potential Sell-Off By US Government: Analyst Anticipates Upside To $63.5K-$65K For King Crypto After Initial Shakeout – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

    Commodities

    Students learn about agriculture at CSI Summer Ag Academy

    Precious Metal

    Covestro And Heraeus Precious Metals Collaborate To Enable Safer, More Sustainable Antimicrobial Textile Coatings

    Editors Picks

    Popular metal frontman dead at 52 after battling rare cancer: ‘You will eternally be missed’

    September 17, 2025

    Cryptocurrency scam sends former bank CEO to prison for detonating a bank

    August 24, 2024

    Investment in emerging Europe’s fintech ecosystem: What’s next?

    October 28, 2024

    Why interest rates and real estate are behind the growing generational divide in Australia

    August 12, 2024
    What's Hot

    PB FinTech investit 5,39 milliards de roupies dans les services de santé PB

    April 24, 2025

    The Commodities Feed: Risk of additional Russia tariffs unnerves market | articles

    July 29, 2025

    Aquaticus Real Estate réduit les revenus de la gestion immobilière -Le 20 février 2025 à 14:34

    February 20, 2025
    Our Picks

    Best Cryptocurrencies to Invest in Right Now August 28 – Internet Computer, Injective, Avalanche

    August 28, 2024

    Naissance d’un géant de la production de gaz naturel renouvelable issu de sites de stockage de déchets

    June 6, 2025

    India bonds: India boom set to drive private credit and bond expansion

    October 20, 2024
    Weekly Top

    Record Returns on African Sovereign Bonds Match With Strengthening Conditions for the Region’s Eurobonds

    October 8, 2025

    Cenovus sweetens takeover offer for MEG Energy

    October 8, 2025

    KPMG report pegs 31% CAGR for India’s fintech sector from 2025 to 2029

    October 8, 2025
    Editor's Pick

    3 Reliable Dividend Stocks Offering Up To 3.5% Yield

    May 16, 2025

    Cours Certificat FACTOR CERTIFICATE – SILVER

    May 31, 2025

    Utility Bills to Pay for More Green Energy and Equity

    October 27, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.