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

Acquisition Summary

Shah Foods Limited has announced the appointment of Mr. Nuren Lodaya as its Secretarial Auditor for the financial year 2025-26. The decision was taken by the Board of Directors at its meeting held on May 19, 2026, in compliance with Regulation 24(A) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The company informed the BSE Limited that Mr. Nuren Lodaya, a Practising Company Secretary from a Peer Reviewed Firm, will undertake the secretarial audit. The appointment is effective from May 19, 2026. The board meeting commenced at 1:45 pm and concluded at 2 pm on the same day.

Profile of the Auditor

Mr. Nuren Lodaya brings over eight years of post-qualification experience to the role. His expertise spans corporate compliance, governance, and secretarial audit. He has been in active practice for the past four years, providing services to both listed and unlisted entities. His firm is peer-reviewed by the Institute of Company Secretaries of India (ICSI), ensuring adherence to high professional standards.

Regulatory Disclosures

The disclosure regarding the appointment was made to the stock exchange under Regulation 30 of the SEBI Listing Obligations Regulations. The company confirmed there are no relationships between directors that require disclosure in this context.