BSECompany Update4 Oct 2026 · 4 Oct 2026, 01:31 pm
We would like to inform you that the Conquer Enterprises Limited, Foreign Step-down Subsidiary Company of NHC Foods Limited has signed Non-Binding Letter of Intent for Proposed Acquisition of 75% Equity Interest in DNR VENTURES PTE LTD, Singapore.
NHC Foods Ltd · 517554
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NHC Foods Ltd's foreign step-down subsidiary, Conquer Enterprises Limited, has signed a non-binding letter of intent to acquire 75% equity interest in DNR VENTURES PTE LTD, Singapore for USD 5.5 million. The proposed acquisition is subject to due diligence, definitive transaction documents, corporate approvals, and regulatory consents.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk3/10
Liquidity Impact7/10
Market Sentiment5/10
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Full Announcement
NHC Foods Ltd - 517554 - Announcement under Regulation 30 (LODR)-Acquisition
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Date: October 04, 2026
The Listing/ Compliance Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400001
Scrip Code: 517554 ISIN: INE141C01036
Subject: Intimation regarding signing of Non-Binding Letter of Intent for Proposed Acquisition
of 75% Equity Interest in DNR VENTURES PTE LTD, Singapore
Reference: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/ Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”), this is to inform that the Conquer Enterprises Limited,
Foreign Step-down Subsidiary Company of NHC Foods Limited has signed Non-Binding Letter of
Intent for Proposed Acquisition of 75% Equity Interest in DNR VENTURES PTE LTD,
Singapore, for the proposed consideration of USD 5.5 Million.
However, the proposed Acquisition is subject to satisfactory due diligence, mutually agreed definitive
transaction documents, applicable corporate approvals and all required regulatory or third-party
consents.
This is for your information and records.
Thanking You.
Yours faithfully,
For NHC FOODS LIMITED
SATYAM SHIRISHCHANDRA JOSHI
MANAGING DIRECTOR
DIN: 03638066