Shah Foods Limited has restructured its Board and management following the successful completion of an open offer by Mr. Ankit Jalan and Mr. Anuj Jalan. The Board of Directors inducted the acquirers as the new promoters and approved several key appointments and resignations effective July 8 and July 9, 2026. This management overhaul is consequential to the change in control pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

New Appointments

On the recommendation of the Nomination Remuneration Committee, the Board approved the appointment of Mr. Anuj Jalan as Chairman and Additional Managing Director for a term of three years from July 8, 2026. Mr. Rajkumar Jalan was appointed as Additional Executive Director, and Mr. Daivik Jalan as Additional Non-Independent Non-Executive Director from the same date, subject to shareholder approval.

The company also appointed three Additional Independent Non-Executive Directors for a term of five years from July 8, 2026: Ms. Pragati Goel, Mr. Shivam Gupta, and Mr. Giri Raj Prasar. Additionally, Mr. Vishal Jha was appointed as Company Secretary & Compliance Officer, and Mr. Vikash Agarwal as Chief Financial Officer, effective July 8, 2026.

Resignations

The Board accepted the resignation of Ms. Hemakshi Manan Patel as Managing Director, effective from the close of business hours on July 9, 2026. Mr. Rohitkumar Mehrchand Bhandari, Mr. Balveermal Kewalmal Singhvi, and Mr. Advait Satyavikas Joshi resigned as Independent Directors, also effective July 9, 2026. Ms. Namrata Girish Vyas resigned as Company Secretary & Compliance Officer effective the same date.

Summary of Changes

The following table details the changes in the directorship and key managerial personnel:

These appointments are subject to the approval of shareholders in the ensuing General Meeting. The company has disclosed that Mr. Anuj Jalan is a nephew of Mr. Raj Kumar Jalan, and Mr. Daivik Jalan is a nephew of Mr. Anuj Jalan and grandson of Mr. Raj Kumar Jalan.

Shah Foods has announced the appointment of Vikash Agarwal as its new Chief Financial Officer. The development represents a notable change in the company's senior finance leadership.

Leadership Change

The company has named Vikash Agarwal to the role of Chief Financial Officer. The appointment signals a transition in the financial leadership of Shah Foods.