NHC Foods Ltd has approved plans to acquire up to 88% of Lotmor Brands Private Limited and up to 80% of Walya's Beverages Private Limited, expanding its reach across the food and beverage value chain. Consideration may be paid in cash or through NHC Foods shares at ₹6.50 each, subject to the stated terms. The company is pursuing the acquisitions alongside recent capital raising and overseas manufacturing expansion plans.
NHC Foods Targets Control of Lotmor Brands and Walya's Beverages
NHC Foods Ltd plans to acquire up to 88% of Lotmor Brands Private Limited.
It also plans to acquire up to 80% of Walya's Beverages Private Limited, giving it controlling positions in both businesses.
Reader Takeaway: Acquisitions broaden NHC Foods' value chain, but integration and small target-company revenues remain key watch points.
What just happened
NHC Foods has approved investments in two businesses as part of a strategy to expand across sourcing, processing, distribution and consumer-facing food and beverage operations.
The acquisition consideration may be settled in cash or through the issue of NHC Foods equity shares at ₹6.50 per share. The filing also provides an alternative under which the price may be determined after six months in accordance with applicable SEBI ICDR Regulations.
Lotmor Brands recorded turnover of ₹2.46 crore in FY23, ₹2.60 crore in FY24 and ₹1.80 crore in FY25. Walya's Beverages reported no turnover in FY23, ₹0.71 crore in FY24 and ₹0.22 crore in FY25.
Why this matters
The transactions would give NHC Foods controlling stakes rather than passive minority investments. Management's stated strategy is to integrate the acquired businesses with its existing capabilities instead of operating them independently.
Managing Director Satyam Shirishchandra Joshi said the objective is to build stronger connections between sourcing, processing, distribution and the end market.
The target companies remain small based on the disclosed turnover figures. That makes execution, integration and the eventual contribution to NHC Foods' consolidated business more relevant than the acquisitions' current revenue scale.
Governance update
The board has appointed Suryakant Dhondu Walavalkar as Additional Director, designated as Executive Director, effective September 16, 2026, subject to shareholder approval.
Walavalkar is Founder and Managing Director of Lotmor Brands and has more than 28 years of experience across modern trade, distribution and supply-chain management.
Capital and expansion context
NHC Foods recently raised ₹53.76 crore through a preferential issue of convertible warrants. It also converted 19 Foreign Currency Convertible Bonds into 18.18 crore equity shares.
The company reported a 924% year-on-year increase in consolidated net profit for Q1 FY27, supported by higher revenue and volumes. Separately, NHC Foods has entered into binding Heads of Terms for a proposed manufacturing facility in Liberia.
What to track next
Investors will need to watch the final acquisition consideration and payment structure, completion of the controlling-stake purchases, integration of Lotmor and Walya's operations, and whether the transactions translate into measurable revenue and earnings contributions. Progress on the proposed Liberia facility and the impact of recent equity issuance on the company's capital structure are also relevant.