Malt is a germinated cereal grain that has been dried in a process known as malting. Malted health drinks are traditionally consumed as milk substitutes and also available in mix with water and marketed as nutritious drink. This project aims in incorporating malted foxtail millet flour with malted barley and wheat flour which are traditionally used for the preparation of malt-based health drinks. Foxtail millet is rich in dietary fiber and minerals like iron and copper, due to this it helps to reduce levels of bad cholesterol and keeps the immune system strong. Green coffee extract is a rich source of polyphenols and anti-oxidants, especially cholorogenic acid and of variety 5-CQA has been known to protect tissues from oxidative stress, modulate glucose metabolism and mediate anti-obesity. Malt flour was prepared by mixing malted barley and malted foxtail millet in 1:1 ratio. Standard malt-based food was prepared with the composition as malt flour 40%, wheat flour 25%, sugar 20%, milk solids 15%. To this decaffeinated green coffee extract was incorporated at different levels of 3%, 5% and 7% and was analysed for its physico-chemical and sensory properties. Overall the developed product is aimed to give high nutrional benefits with anti-oxidant and anti-obesity properties.