NHC Foods buys 99.98% of Sachmaas for Rs 1.80 crore

On November 7, 2026, NHC Foods Limited acquired a 99.98% stake in M/s. SACHMAAS FOODS (Partnership Firm) for Rs 1.8 crore in cash, giving NHC Foods near-complete ownership of a chickpea and peanut processor whose FY26 turnover was Rs 5.5207 crore, down from Rs 8.7999 crore in FY25.

What did NHC Foods acquire from Sachmaas Foods?

NHC Foods acquired a 99.98% stake in Sachmaas Foods through a Rs 1.8 crore cash investment. The board approved the transaction on November 7, 2026, which the disclosure also identifies as the indicative completion date, and stated that NHC Foods would hold 99.98% after the investment.

Sachmaas Foods was formed on August 30, 2020 and manufactures, processes, repacks and deals in chickpeas, also called chanas, peanuts and other food products. Its stated activities include wholesale and retail dealings, positioning the acquired business across processing, repacking and food-product sales.

The consideration is cash rather than a share swap, and NHC Foods said no governmental or regulatory approval was required for the November 7, 2026 acquisition. NHC Foods also said the transaction was not a related-party transaction because none of its promoters, promoter group or group companies had an interest in Sachmaas Foods.

The filing does not identify the holder of the remaining 0.02% interest in Sachmaas Foods. It also does not disclose the partnership firm's assets, profit, borrowings, production capacity, customer concentration or geographic markets, beyond its food-processing lines and three years of turnover.

How has Sachmaas Foods’ turnover changed?

Sachmaas Foods reported turnover of Rs 5.5207 crore in FY26, down Rs 3.2792 crore from Rs 8.7999 crore in FY25. The fall was about 37% year on year, based on the figures NHC Foods disclosed for the financial years ended March 31, 2026 and March 31, 2025.

The longer comparison shows that turnover rose Rs 5.7226 crore between FY24 and FY25 before declining in FY26. Despite the FY26 reduction, turnover remained Rs 2.4434 crore above the Rs 3.0773 crore reported in FY24.

Turnover is a sales measure rather than profit, cash flow or net assets, and NHC Foods did not disclose those measures for Sachmaas Foods in its November 7, 2026 filing. The Rs 1.8 crore price can therefore be compared with reported turnover, but the filing does not provide figures to assess the target's earnings or balance-sheet position.

Why did NHC Foods make the Sachmaas Foods investment?

NHC Foods said the strategic investment would help expand its business and add synergy to its existing operations. The stated rationale relates to Sachmaas Foods' manufacturing, processing, repacking and trading of chickpeas, peanuts and allied food products through wholesale and retail channels.

Sachmaas Foods operates at several stages of the food-product chain, including processing, repacking and dealing in products, but NHC Foods has not disclosed an integration timetable. The November 7, 2026 filing also contains no brand plan, procurement arrangement, distribution plan or forecast of revenue contribution from the acquired partnership firm.

The NHC Foods board considered the acquisition at a meeting held from 1:30 pm to 2:30 pm on November 7, 2026. At that meeting, it also approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, although the acquisition disclosure does not provide a pro forma financial effect.

Sachmaas Foods is a partnership firm rather than a company issuing ordinary shares. Accordingly, NHC Foods described the 99.98% acquisition as a stake, and the disclosure does not specify a number of shares acquired.

Who joined the NHC Foods board after the acquisition?

NHC Foods appointed Jayesh Dhirajlal Shah as an additional director and executive director effective November 7, 2026. His term runs until the ensuing general meeting and remains subject to shareholder approval, according to the board's disclosure.

Shah is a designated partner at Sachmaas Foods and leads operations involving the manufacturing, processing, repacking and trading of chickpeas, peanuts and allied food products. NHC Foods said he has more than 15 years of experience in the Indian food-processing and fast-moving consumer goods sector.

According to NHC Foods, Shah's experience includes agro-commodity procurement, quality control, manufacturing, packaging, distribution and market-entry execution. The company also said he has no directorship in a listed entity and no disclosed relationship with NHC Foods directors.

NHC Foods stated that Shah is not debarred from accessing capital markets or restrained from holding a directorship by an order of the Securities and Exchange Board of India or another authority. Separately, NHC Foods appointed Alesha Hakim Khan as company secretary and compliance officer from November 7, 2026; it said she has more than 10 years of experience in corporate law, securities law and listing regulations.

Conclusion

NHC Foods used Rs 1.8 crore in cash to obtain a 99.98% stake in Sachmaas Foods, adding near-complete ownership of a processor and trader of chickpeas, peanuts and other food products. The acquisition follows a turnover pattern in which Sachmaas Foods rose from Rs 3.0773 crore in FY24 to Rs 8.7999 crore in FY25, then declined to Rs 5.5207 crore in FY26.

The next disclosed event is shareholder consideration of Shah's executive-director appointment at NHC Foods' ensuing general meeting. Investors can also watch for later disclosures on the company's stated business-expansion and synergy plan, including whether NHC Foods provides financial information on the acquired partnership's contribution after November 7, 2026.