NHC Foods' Board approved issuing 65 crore convertible warrants at ₹1.25 each to non-promoter investor Satyam Shirishchandra Joshi, raising ₹8.125 crore. This preferential allotment, subject to regulatory approvals, will increase Joshi's stake to 13.05%. The company approved increasing its authorised share capital from ₹65 crore to ₹100 crore. Warrants are convertible into equity within 18 months.