The Board of Directors signed the Letter of Intent (LOI) for proposed investment and acquisition of M/s. Agriconnect Solutions Private Limited.
Detailed disclosure enclosed.
M&A
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 02 Jul 2026, 08:01 PM IST · BSE ID: 28989b30-fb8b-4d71-a1d3-b3e0f35735b4
View Original BSE Filing (PDF)
💡
In Simple Terms
NHC Foods has started the process to buy Agriconnect Solutions, a company trading farm products, which had Rs. 117.57 Cr sales in FY25.
🤖 AI Summary
- NHC Foods' Board approved and signed a Letter of Intent to acquire Agriconnect Solutions Private Limited.
- Agriconnect Solutions operates in the Supply & Trading of Agri commodities and had a FY25 turnover of Rs. 117.57 Cr.
- The target company's highest reported turnover was Rs. 360.80 Cr in FY24, with a PAT of INR 31.25 lacs in FY24.
- The acquisition aims to add synergy through procurement and distribution capabilities, strengthening NHC Foods' financials.
- Due diligence and valuation for the acquisition are expected to be completed within three months.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Agriconnect Solutions Authorised Capital
Rs. 50,00,000 /-
Agriconnect Solutions Paid Up Share Capital
Rs. 50,00,000 /-
Agriconnect Solutions Turnover FY25
Rs. 117.57 Cr
Agriconnect Solutions Peak Turnover FY24
Rs. 360.80 Cr
Agriconnect Solutions PAT FY25
INR 2.89 lacs
Agriconnect Solutions Peak PAT FY24
INR 31.25 lacs
🏢 How This Affects the Company
This acquisition could expand NHC Foods Ltd.'s existing agri-business by integrating Agriconnect Solutions' procurement and distribution network. It represents an expansion into the supply and trading segment of agri commodities.
The acquisition is stated to strengthen NHC Foods' financials through Agriconnect Solutions' positive cash-flows. NHC Foods can provide working capital to the target company to support further growth.
The integration of Agriconnect Solutions' operations will add its supply chain and trading infrastructure for agri commodities to NHC Foods' existing business. This could lead to expanded operational scope.
The filing indicates the acquisition is subject to due diligence within three months, introducing an execution risk. The final cost of acquisition and percentage of control are yet to be ascertained, presenting financial uncertainty.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Shareholders should monitor future disclosures regarding the completion and terms of the acquisition.
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Who Is Affected
All shareholders of NHC Foods Ltd are affected by this strategic decision as it represents a potential expansion and financial commitment for the company. The specific impact on financials is contingent on final acquisition terms.
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Management Signal
This decision signals management's intent to expand NHC Foods' presence in the agri-commodities trading sector and to strengthen its financial position through strategic acquisitions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Completion of due diligence for Agriconnect Solutions within the 3-month timeframe.
Disclosure of final acquisition cost and nature of consideration for Agriconnect Solutions.
Announcement of percentage of shareholding or control acquired in Agriconnect Solutions.
MEDIUM RISK
Acquisition is at LOI stage; financial terms, control percentage, and final completion are pending.
💡 Investor Takeaway
NHC Foods has signed an LOI to acquire Agriconnect Solutions, which recorded a turnover of Rs. 117.57 Cr in FY25 and a PAT of INR 2.89 lacs in FY25. The acquisition aims to leverage the target's agri-commodity trading business. Final acquisition terms, including cost and consideration, are subject to due diligence over the next three months.
⚖️ Strengths & Concerns
✅ Positives
- Agriconnect Solutions has been profitable since its incorporation in 2021, reporting PAT of INR 2.89 lacs in FY25.
- The target company achieved a top-line revenue of INR 117.57 crores during FY25, and a peak revenue of INR 360.80 Cr during FY24.
⚠️ Concerns
- Agriconnect Solutions' PAT significantly declined from INR 31.25 lacs in FY24 to INR 2.89 lacs in FY25.
- The target company's turnover decreased substantially from a peak of Rs. 360.80 Cr in FY24 to Rs. 117.57 Cr in FY25.
📅 Company Track Record
NHC Foods acquired 100% of Hong Kong trader Conquer Enterprises for US$ 1,29,032 on April 20, 2026. Conquer Enterprises reported a US$ 95.5 million turnover in FY 2024-25, indicating NHC Foods' recent focus on expanding its international and agri-trading footprint.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the status of NHC Foods' proposed acquisition of Agriconnect Solutions Private Limited?
NHC Foods' Board of Directors has signed a Letter of Intent (LOI) for the proposed investment and acquisition of M/s. Agriconnect Solutions Private Limited.
What was the turnover of Agriconnect Solutions Private Limited in FY25?
Agriconnect Solutions Private Limited achieved a top line turnover of INR 117.57 crores during FY25. Its peak turnover was INR 360.80 Cr during FY24.
What was the Profit After Tax (PAT) of Agriconnect Solutions Private Limited in FY25?
Agriconnect Solutions Private Limited earned a PAT of INR 2.89 lacs during FY25. At its peak, it clocked PAT of INR 31.25 lacs during FY24.
What is the indicative timeline for completing the acquisition of Agriconnect Solutions?
The indicative time for completion of the acquisition, specifically for due diligence, is 3 Months from the date of the Letter of Intent.
What is the business of Agriconnect Solutions Private Limited?
Agriconnect Solutions Private Limited is in the business of Supply & Trading of Agri commodities and has been operating since its incorporation on March 22, 2021.
Questions based on this BSE filing only. For information purposes.