Shah Foods subsidiary appoints auditors for FY26-27

1 min read | Published on 25 May 2026, 03:00 PM |Updated on 03 Jun 2026, 07:18 PM

Reviewed by

Anirudha BScanX News Team

Key Highlights

Shah Foods Limited's material subsidiary, Tandhan Power Technologies Private Limited, appointed M/s Baid & Gupta as internal auditor for FY26-27 and M/s MR & Associates as secretarial auditor for FY25-26 and FY26-27. The subsidiary's board approved these appointments and recorded its audited financial results for Q4 and FY26 on June 3, 2026.

*this image is generated using AI for illustrative purposes only.

Shah Foods Limited's material subsidiary, Tandhan Power Technologies Private Limited, appointed M/s Baid & Gupta, Chartered Accountants, as its internal auditor for the financial year 2026-27. The Board of Directors of the subsidiary approved the appointment during a meeting held on June 3, 2026. Additionally, the board appointed M/s MR & Associates, Company Secretaries, as the secretarial auditor for the financial years 2025-26 and 2026-27. These appointments were made to comply with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board also took on record the audited financial results, including financial statements, for the fourth quarter and financial year ended March 31, 2026. The disclosures regarding the auditor appointments were submitted to the stock exchange pursuant to Regulation 30 of the SEBI Listing Regulations and the relevant SEBI Master Circular.

Key Appointments

Particulars	Details
Internal Auditor	M/s Baid & Gupta, Chartered Accountants
Secretarial Auditor	M/s MR & Associates, Company Secretaries
Internal Audit Term	Financial Year 2026-27
Secretarial Audit Term	Financial Year 2025-26 & 2026-27
Meeting Date	June 3, 2026

How might the appointment of new auditors impact Shah Foods Limited's internal governance standards?

What are the expected financial performance trends for Tandhan Power Technologies following the audited results?

Could these auditor appointments signal any upcoming strategic shifts or compliance improvements?

Shah Foods open offer for 26% stake closes with zero acceptance

1 min read | Published on 03 Jun 2026, 01:17 PM |Updated on 03 Jun 2026, 01:17 PM

Reviewed by

Jubin VScanX News Team

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Key Highlights

Shah Foods Limited's open offer for 26% equity shares by Ankit Jalan and Anuj Jalan closed with no shares tendered. The offer, priced at Rs. 62.50 per share, was open from May 13 to May 26, 2026. The acquirers retain 69.39% holding acquired via preferential allotment.

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Shah Foods Limited's open offer to acquire up to 60,61,900 equity shares, representing 26% of the equity and voting share capital, concluded with zero acceptance. The offer, initiated by Mr. Ankit Jalan and Mr. Anuj Jalan along with Persons Acting in Concert (PACs), opened on May 13, 2026, and closed on May 26, 2026, at a price of Rs. 62.50 per fully paid-up equity share.

Navigant Corporate Advisors Limited, the manager to the offer, submitted the Post Offer Advertisement to BSE Limited on June 3, 2026, in compliance with Regulation 18(12) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The advertisement was published in Financial Express, Jansatta, and Pratahkaal on June 3, 2026.

The acquirers had previously acquired 1,61,77,876 equity shares, constituting 69.39% of the fully diluted equity share capital, via a Share Purchase Agreement and preferential allotment. As no shares were tendered during the open offer period, the post-offer shareholding of the acquirers and PACs remains at 69.39%, or 1,61,77,876 shares.

The public shareholding post-offer stands at 71,37,124 equity shares, representing 30.61% of the existing equity and voting share capital. Equity shares allotted to public category shareholders through the preferential issue on March 27, 2026, were neither tendered nor accepted in the open offer.

Offer Details

Particulars	Details
Target Company	Shah Foods Limited
Acquirers	Mr. Ankit Jalan, Mr. Anuj Jalan
Manager to the Offer	Navigant Corporate Advisors Limited
Offer Opening Date	May 13, 2026
Offer Closing Date	May 26, 2026
Offer Price	Rs. 62.50 per share
Shares Tendered	Nil
Shares Accepted	Nil

Acquisition Summary

Parameter	Proposed	Actual
Offer Size	Rs. 37,88,68,750	Nil
Shares Acquired via Open Offer	60,61,900 (26.00%)	Nil (0.00%)
Post-Offer Acquirer Holding	2,22,39,776 (95.39%)	1,61,77,876 (69.39%)
Public Shareholding (Post-Offer)	10,75,224 (4.61%)	71,37,124 (30.61%)