Board Meeting Details
The Board of Directors meeting was held on July 02, 2026, commencing at 05:30 PM and concluding at 06:30 PM.
Acquisition Approval
The Board considered, approved, and signed the Letter of Intent (LOI) for proposed investment and acquisition of M/s. Agriconnect Solutions Private Limited.
Target Company Details
Name: Agriconnect Solutions Private Limited
Business: Supply & Trading of Agri Commodities
Incorporation Date: March 22, 2021
Registration: ROC, Mumbai
Financial Metrics:
- Authorised Capital: ₹50,00,000
- Paid Up Share Capital: ₹50,00,000
- FY25 Revenue: ₹117.57 crore
- FY25 PAT: ₹2.89 lakh
- Peak Revenue (FY24): ₹360.80 crore
- Peak PAT (FY24): ₹31.25 lakh
Historical Turnover:
- 2022-2023: ₹234.64 crore (Audited)
- 2023-2024: ₹360.80 crore (Audited)
- 2024-2025: ₹117.57 crore (Audited)
The company has been profitable since incorporation and has completed four full years of operations since 2021.
Transaction Details
Related Party Transaction: Not Applicable
Promoter/Group Interest: None disclosed
Industry: Supply & Trading of Agri commodities
Objects and Effects of Acquisition:
The distribution and procurement capabilities of Agriconnect Solutions will add synergy to NHC Foods' existing business. The positive cash-flows of the target company will strengthen NHC Foods' financials. NHC Foods can provide working capital to Agriconnect to expand its business which has growth potential.
Governmental/Regulatory Approvals: None required
Consideration and Valuation:
- Nature of consideration: To be determined
- Cost of acquisition: To be ascertained as per Valuation Report from Independent Valuer after completion of due diligence process
- Percentage of shareholding/control: To be determined after valuation