NHC Foods plans acquisitions of Lotmor Brands and Walya's Beverages

NHC Foods Ltd approved acquisition of up to 88% stake in Lotmor Brands Private Limited and up to 80% stake in Walya's Beverages Private Limited.

The transactions are expected to be completed within six months, subject to due diligence, approvals and final execution terms.

Reader Takeaway: Expansion opportunity grows, but valuation and dilution remain key watch points.

What just happened

NHC Foods has announced plans to acquire controlling stakes in two food and beverage companies as part of its expansion strategy. The consideration can be paid through cash or by issuing shares at ₹6.5 per share, or at a price determined under applicable SEBI guidelines.

The company said the acquisitions are expected to create operational synergies through improved procurement and distribution capabilities.

Why this matters

The acquisition of Lotmor Brands and Walya's Beverages gives NHC Foods access to additional businesses within the food and beverage segment.

Lotmor Brands reported turnover of ₹1.79 crore during FY 2024-25, while Walya's Beverages reported turnover of approximately ₹22.28 lakh during the same period.

The company expects the acquired businesses to contribute towards improving operating capabilities and supporting future cash flows.

Management update

NHC Foods also appointed Suryakant Dhondu Walavalkar as an Additional Director and Executive Director effective September 16, 2026.

Walavalkar is the founder and managing director of Lotmor Brands and has prior experience in modern trade operations at Samsonite South Asia Private Limited.

Risks to watch

The acquisitions are still at the approval and execution stage. Investors will need to monitor completion of due diligence, final transaction structure and integration of the acquired businesses.

The possibility of share issuance introduces a potential dilution factor for existing shareholders. The final impact will depend on whether the company chooses cash consideration or equity issuance and the applicable pricing mechanism.

What to track next

Future disclosures on definitive agreements, shareholder approvals and completion of the acquisitions will determine the financial impact of the transactions.