Penny Stock Below Rs 2 Jumps After Shareholders Approve Increase in Authorised Capital to Rs 2,000 Crore
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Consolidated net profit increased 924 per cent YoY, supported by higher revenue and volumes during the quarter. The company attributed the improvement to better operating performance and increased business activity across its core operations.
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NHC Foods Limited has received shareholders’ approval to increase its authorised share capital from Rs. 100 crore to Rs. 2,000 crore. The approval was granted at the company’s 34th Annual General Meeting held on September 25, 2026. Following the increase, the authorised share capital will consist of 2,000 crore equity shares of Re. 1 each, compared with the existing 100 crore equity shares.
NHC Food share price on an Intraday basis, hit an Upper Circuit limit of 5 per cent at Rs 1.75 per share. As of 12:50 PM, the stock is trading higher by 3 per cent at Rs 1.72 per share on BSE.
NHC Foods is also expanding its presence across the food and beverage value chain through strategic initiatives. The company has approved investments to acquire controlling stakes of up to 88 per cent in Lotmor Brands Private Limited and up to 80 per cent in Walya’s Beverages Private Limited. These acquisitions are expected to add complementary capabilities to its existing food business and strengthen its product portfolio.
India’s carbonated beverage market is projected to reach Rs 2 Lakh Crore by FY 2027-28, growing at an 11 per cent CAGR. Through these acquisitions, NHC Foods is strategically positioned at the intersection of food, innovation, and nostalgia. Lotmor Brands has already established a robust footprint across more than 20 states and 22,000 retail outlets, including partnerships with Reliance Smart, D'Mart, and leading quick commerce platforms. By integrating Lotmor’s capital-efficient manufacturing model and extensive product portfolio into NHC Foods' established corporate framework, the combined entity aims to rapidly expand its presence to over 700 modern trade stores and grow its distributor network to over 400 partners.
NHC Foods has also reported a strong improvement in financial performance during Q1FY27. Consolidated net profit increased 924 per cent YoY, supported by higher revenue and volumes during the quarter. The company attributed the improvement to better operating performance and increased business activity across its core operations.
Disclaimer: The article is for informational purposes only and not investment advice.