{"id":55499,"date":"2025-07-28T13:42:21","date_gmt":"2025-07-28T08:12:21","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2025\/07\/28\/nhc-foods-signs-mou-with-lotmor-brands-eyes-diversification-retail-growth-appoints-new-kmps\/"},"modified":"2025-07-28T13:42:21","modified_gmt":"2025-07-28T08:12:21","slug":"nhc-foods-signs-mou-with-lotmor-brands-eyes-diversification-retail-growth-appoints-new-kmps","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2025\/07\/28\/nhc-foods-signs-mou-with-lotmor-brands-eyes-diversification-retail-growth-appoints-new-kmps\/","title":{"rendered":"NHC Foods Signs Mou With Lotmor Brands, Eyes Diversification, Retail Growth, Appoints New KMPs"},"content":{"rendered":"<div>\n<p><span data-sheets-root=\"1\"><strong>Mumbai (Maharashtra) [India], July 28:<\/strong> <\/span>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\u2019s growth and diversification strategy.<\/p>\n<p>This grants NHC Foods the rights to manufacture a range of beverages and similar products under Lotmor\u2019s \u2018Nature Day\u2019 brand. The strategic move aligns with NHC Foods\u2019 strategy to diversify its portfolio beyond exports and agricultural commodities.<\/p>\n<p>The company plans to leverage this tie-up to expand its footprint in India\u2019s 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.<\/p>\n<p>Commenting on the MoU, Satyam Joshi, the newly appointed Managing Director of NHC Foods Limited, said, \u201cThis MoU with Lotmor marks a defining moment for NHC Foods as we step into India\u2019s thriving retail sector. Our strengths in manufacturing, quality assurance, and distribution, combined with Lotmor\u2019s product innovation, will enable us to deliver exceptional value to the consumers. This is the beginning of a long-term transformation for us.<\/p>\n<p>Highlights:<\/p>\n<ul>\n<li>NHC Foods Limited has entered a strategic MoU with Lotmor Brands Private Limited to manufacture beverages and similar products under Lotmor\u2019s \u2018Nature Day\u2019 brand, marking its diversification beyond exports and agri-commodities.<\/li>\n<li>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.<\/li>\n<li>An EGM held on July 18, approved increasing authorised share capital from Rs. 65 crores to \u00a0 \u00a0 \u00a0 \u00a0 Rs. 100 crore and issuing 6.5 crore convertible warrants on a preferential basis to Mr. Joshi.<\/li>\n<\/ul>\n<p>\u201d Mr. Joshi\u2019s elevation from Executive Director to Managing Director follows the company\u2019s 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.<\/p>\n<p>Separately, the Board of Directors of NHC Foods has approved the appointment of Manoj Kumar Sharma as the Company\u2019s 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.<\/p>\n<p>Financially, NHC Foods continues to demonstrate robust performance. The company\u2019s revenue for the financial year 2024-25 was Rs. 341.41 crore, representing a 63.1% increase over the previous year\u2019s revenue of Rs. 209.24 crore. The company\u2019s net profit jumped by 184.7% from Rs. 2.35 crore to Rs. 6.69 crore, reflecting enhanced growth and operational efficiencies.<\/p>\n<p><strong>Disclaimer:<\/strong> <em>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.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":76},"categories":[4],"tags":[54],"class_list":["post-55499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/55499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=55499"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/55499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/55500"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=55499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=55499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=55499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}