NHC Foods Limited has entered into a Memorandum of Understanding (MoU) with LOTMOR Brands Private Limited, granting NHC the manufacturing rights for various beverages and similar products.

This strategic step allows NHC to become a manufacturer for LOTMOR, significantly diversifying its business portfolio.

The move aligns with emerging market trends and evolving consumer preferences in the beverages sector.

This initial MoU is valid for two years, paving the way for a definitive manufacturing agreement.

Importantly, no upfront consideration was exchanged for this agreement.