Archive · 29 Sep 2026
NHC Foods Penny Stock Gains 5% After Capital Approval
NHC Foods is a small Indian stock priced below ₹10.
Its shares rose about 5% to ₹1.75 on Tuesday, September 29, 2026.
This happened while major Indian market measures were falling.
Shareholders approved a much larger authorised share capital at the company’s annual meeting.
It will increase from ₹100 crore to ₹2,000 crore.
The approved capital will be divided into 2,000 crore shares of Re 1 each.
NHC Foods also plans to buy large stakes in two food-and-drink companies.
The proposed payment may use cash or NHC Foods shares priced at ₹6.50, subject to stated conditions.
NHC Foods shares rose about 5% to ₹1.75 on BSE on September 29, 2026.
The gain came as the Nifty and Sensex declined sharply over two sessions.
Shareholders approved a 20-fold increase in authorised share capital from ₹100 crore to ₹2,000 crore.
The stock was down 13% in one week and 23% in one month, but up 64% over three months.
NHC Foods also proposed acquiring stakes of up to 88% in Lotmor Brands and 80% in Walya’s Beverages.
- Who
- NHC Foods Limited, its shareholders, and the two proposed acquisition targets, Lotmor Brands Private Limited and Walya’s Beverages Private Limited.
- What
- NHC Foods shares gained about 5% after shareholders approved a 20-fold increase in authorised share capital and the company disclosed proposed acquisitions.
- When
- The shareholder approval occurred on September 25, 2026; the regulatory filing was dated September 27, and the share-price move occurred on September 29, 2026.
- Where
- The shares traded on BSE, while the approval was made at NHC Foods’ 34th Annual General Meeting.
- Why
- The stock was in focus after the authorised-capital announcement; the company said the proposed acquisitions aim to strengthen procurement and distribution capabilities.
- Share price
- ₹1.75 intraday high on September 29, 2026
- Authorised capital
- Raised from ₹100 crore to ₹2,000 crore
- Capital increase
- 20-fold increase approved by shareholders
- Annual meeting
- 34th Annual General Meeting held on September 25, 2026
- Lotmor Brands stake
- Proposed acquisition of up to 88%
- Walya’s Beverages stake
- Proposed acquisition of up to 80%
- Proposed share consideration
- NHC Foods equity shares could be issued at ₹6.50 per share, or the price could be determined after six months under SEBI ICDR Regulations