Lake Shore Realty Limited (formerly Mahaan Foods Limited) convened a Board of Directors meeting on 15 May 2026 at its registered office in Punjabi Bagh, West Delhi. The meeting, which commenced at 12:00 p.m. and concluded at 12:40 p.m., resulted in two significant governance decisions: the appointment of a new Independent Director and the reconstitution of three key board committees. These actions were disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment of Additional Non-Executive Independent Director

The Board approved the appointment of Mr. Narendra Kumar Verma as an Additional Non-Executive Independent Director of Lake Shore Realty Limited for a term of 5 (Five) consecutive years, effective 15 May 2026 to 14 May 2031. The appointment is subject to approval by members at the ensuing General Meeting, and Mr. Verma is not liable to retire by rotation. The company has affirmed that Mr. Verma is not debarred from holding the office of director by virtue of any order of SEBI or any other such authority. His shareholding in the company is nil, and no relationship exists between him and the other directors.

Director's Professional Profile

Mr. Narendra Kumar Verma brings over 46 years of experience in Oil & Gas exploration and production, including 8 years in board-level positions as Director Exploration and Business Development and as Managing Director and CEO of a Fortune 500 National Oil company (ONGC) with a global footprint. His career highlights include the following roles:

• Oil and Natural Gas Corporation India (Fortune 500 Company): Exploration Manager and other capacities from September 1980 to December 2011
• ONGC Videsh (International E&P Company) – Board Member: Director Exploration and Business Development from January 2012 to March 2013
• Oil and Natural Gas Corporation India – Board Member: Director Exploration and Chairman, ONGC-Teri Biotech from April 2013 to July 2014
• ONGC Videsh (International E&P Company) – Board Member: MD and CEO of ONGC Videsh and member of the ONGC Board from August 2014 to January 2019
• Post February 2019 onwards: President, Rezlytix Technologies Ltd.; Ex. Chairman, Cogniwave AI Technologies Ltd.; Ex. Sr. Advisor to the Board of GEOPARK Ltd. (US-based E&P Company); Ex. Sr. Advisor to HSA Associates (Singapore-based Oil and Gas Service Company); MD, Tech Synergy LLC (UAE-based technology company); Ex. Partner MD, SSS Petroleum (UAE-based Petroleum Trading Company); Partner MD, Pheonix Partners LLC (US-based E&P Company)

Reconstitution of Board Committees

Following the resignation of Mrs. Ruchi Ghanashyam (DIN: 09148241) and the appointment of Mr. Narendra Kumar Verma, the Board reconstituted its three statutory committees. The revised compositions are as follows:

Audit Committee

Nomination & Remuneration Committee

Stakeholders Relationship Committee

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Circulars. The filing was signed by Ankit Dinesh Singh, Company Secretary and Compliance Officer of Lake Shore Realty Limited.

Nautilus Private Capital Ltd has disclosed the acquisition of a significant stake in Lake Shore Realty Ltd. The acquisition was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, based in Mauritius, purchased 302,261 equity shares through the open market mechanism.

Acquisition Details

The transaction resulted in Nautilus Private Capital Ltd holding 8.6343% of the total share capital and voting rights of Lake Shore Realty Ltd. Prior to this acquisition, the acquirer held no shares or voting rights in the target company. The acquired shares rank pari-passu and inter-se with the then existing equity shares of the company in all respects, including dividend rights.

Shareholding Pattern

The following table outlines the changes in the shareholding pattern of Lake Shore Realty Ltd following the acquisition:

Company and Transaction Information

Lake Shore Realty Ltd, formerly known as Mahaan Foods, is listed on both the BSE Limited and the National Stock Exchange of India Limited. The total equity share capital of the target company stands at 35,00,700 equity shares of Rs10 each. The acquisition does not classify Nautilus Private Capital Ltd as belonging to the promoter or promoter group of the target entity. The disclosure was filed with the stock exchanges on April 23, 2026.