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

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For 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 at Rs. 140.67 crore as against full-year revenue of Rs. 211.30 crore in FY24

The funds raised through the right issue will be utilised to meet the working capital requirement, to make the repayment of the Secured Loan and for General Corporate Purposes. Out of the issue proceeds of Rs. 47.42 Crores, the company intends to use Rs.25 crore towards working capital requirements, Rs.15 crore to make the repayment of Secured Loans and Rs.7 crore for general corporate purposes

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