Penny Stock Under Rs 1 Alert! FMCG Company Approves Fresh Fund Raise Up to $27 Million; Are You Holding?

On February 9, 2026, NHC Foods Limited had a board meeting, and the company reported its outcomes to the exchanges. The Board approved a number of significant business and financial decisions during the meeting, including statutory approvals, fundraising plans, and the company's unaudited financial reports.

The statutory auditors' Limited Review Reports and the unaudited standalone and consolidated financial figures for the quarter and nine months ending December 31, 2025, were approved by the Board. In Q3 FY26, NHC Foods recorded revenue from operations of Rs 11,698.09 lakh, a significant year-on-year rise compared to Rs 7,336.53 lakh in the same period the previous year. With a profit of Rs 489.02 lakh for the nine-month period and Rs 187.51 lakh for the quarter after taxes, the company demonstrated consistent operational efficiency throughout the fiscal year.

For the December 2025 quarter, the firm reported consolidated revenue from operations of Rs 12,919.04 crore and consolidated profit after tax of Rs 264.65 lakh. Consolidated profit increased to Rs 566.16 lakh for the nine months that ended on December 31, 2025, thanks of higher trade volumes and the participation of its foreign subsidiary, NHC International L.L.C.-FZ.

The Statements of Utilization of Proceeds pertaining to the Rights Issue and Warrants have been reviewed and approved by the Board. The company confirmed that the entire Rs 47.42 crore received through the Rights Issue was used for general business operations, secured loan repayment, working capital needs, and issue-related expenses. Similarly, as first reported, the Rs 8.12 crore in cash acquired through the preferential allotment of warrants were used only for working capital requirements, capital expenditures, and general corporate costs.

The Board of Directors also considered and approved "Approved raising of funds through all permitted instruments, including but not limited to, by way of issuance of equity shares (for cash or other than cash)/ convertible bonds/ debentures/ warrants/ preference shares/ foreign currency convertible bond (FCCB) / any other equity linked securities and/ or any other securities including through preferential issue on a private placement basis, qualified institutional placement or any other methods or combinations thereof, listed or unlisted, for an amount not exceeding USD 27 Million (US Dollar 270,00,000) or its equivalent thereof in Indian Rupees or in any other foreign currency (ies), in one or more tranches, inclusive of such premium as may be fixed on such securities at such a time or times, in such a manner and on such terms and Approved raising of funds through all permitted instruments, including but not limited to, by way of issuance of equity shares (for cash or other than cash)/ convertible bonds/ debentures/ warrants/ preference shares/ foreign currency convertible bond (FCCB) / any other equity linked securities and/ or any other securities including through preferential issue on a private placement basis, qualified institutional placement or any other methods or combinations thereof, listed or unlisted, for an amount not exceeding USD 27 Million (US Dollar 270,00,000) or its equivalent thereof in Indian Rupees or in any other foreign currency (ies), in one or more tranches, inclusive of such premium as may be fixed on such securities at such a time or times, in such a manner and on such terms and conditions including security, rate of interest, discount (as permitted under applicable law) etc., as may be deemed appropriate by the Board in its absolute discretion, subject to such approvals as may be required including that of shareholders / regulatory and statutory approvals; conditions including security, rate of interest, discount (as permitted under applicable law) etc., as may be deemed appropriate by the Board in its absolute discretion, subject to such approvals as may be required including that of shareholders / regulatory and statutory approvals," said NHC Foods in a stock exchange filing.

In order to better match the borrowing capacity with the company's expansion and financial needs, the Board also authorized raising the borrowing limit to Rs 500 crore. The Board also approved the draft postal ballot notice asking for shareholders' acceptance of the proposed resolutions in order to expedite these approvals.

As of the market closing on February 10, 2026, NHC Foods Ltd. (BOM: 517554) is trading at Rs 0.79 per share. From its previous finish of Rs 0.81, the stock had a 2.47% drop. The stock began the day higher at Rs 0.83, reached an intraday high of Rs 0.83, and then fell back to Rs 0.77. Over the last year, the share price has ranged from a high of Rs 1.33 to a low of Rs 0.70. The market value of the firm is now at Rs 51.96 crore. Over the course of today's session, 3,166,208 shares were traded.