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Board Meeting Announcement for NHC Foods Ltd - Jan 10, 2025

Board Meeting Announcement for NHC Foods Ltd - Jan 10, 2025

Inter alia, to consider and approve: 1. Proposal for Business Expansion: Setting up a Sesame Seeds Cleaning and Hulling Plant The Board will discuss on the feasibility and strategic rationale for expanding the company's product line by establishing a Sesame Seeds Cleaning and Hulling Plant. It will cover discussion on Market Opportunity, Project Scope, Cost and Investment Plan, Timeline, Revenue Potential, Regulatory and Compliance Requirements. The Board will review and approve the proposal to initiate this project, subject to regulatory approvals and financial considerations etc. 2. Strategic Revamp and Development of SAAZ Brand The Board will consider the strategic initiative to revitalize and expand its signature brand, SAAZ, which was launched in 2011 as a comprehensive range of Indian spice powders, spice mixes, and whole spices for the domestic market. The initial market focus was Mumbai/Maharashtra and Gujarat. The Board will discuss on following matter:- a. Positioning SAAZ in prominent modern retail chains and enhancing online availability through reputed Q-commerce platforms like BigBasket, Blinkit, Swiggy and Amazon. b. Proposed budget and financial resources required for brand revamp and marketing. c. Staffing requirements for product development, marketing and distribution. d. Expected rollout schedule and market expansion strategies. 3. Any other business item, with the permission of the Chair.

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