Shah Foods Limited reported a consolidated net profit of ₹102.76 lakh for the first quarter of FY27 (ended June 30, 2026), marking a significant shift from the prior year’s period where no comparable figures were disclosed. The company’s consolidated revenue from operations reached ₹650.75 lakh, also up from nil in Q1FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 14, 2026. The statutory auditors have carried out a limited review and expressed an unqualified audit opinion.

Financial Performance

The company’s standalone results remained marginal, with a net profit of ₹0.03 lakh against a loss of ₹9.74 lakh in the previous quarter. Standalone total income was ₹1.52 lakh, primarily driven by other income of ₹1.52 lakh, as revenue from operations was nil.

In contrast, the consolidated figures reflect the impact of recent acquisitions. Total consolidated income stood at ₹6,828.86 lakh, comprising ₹6,507.51 lakh from operations, ₹304.26 lakh in other income, and ₹17.09 lakh from share of profit in associates.

Acquisition Impact

The surge in consolidated metrics is attributed to the acquisition of Tandhan Power Technologies Private Limited. Shah Foods acquired 100% control of Tandhan Power on March 27, 2026. Consequently, its financial results have been consolidated from that date onwards.

Tandhan Power holds a 100% interest in a foreign subsidiary, which is consolidated as an indirect subsidiary of the group. Additionally, the company holds a 40.16% interest in Tandhan Exim Private Limited, accounted for as an associate due to significant influence.

What the Numbers Show

The divergence between standalone and consolidated results highlights the strategic pivot towards power technologies. While the core food business (standalone) generated negligible operating revenue, the consolidated entity recorded ₹650.75 lakh in operational income. This suggests that the newly acquired assets are now the primary drivers of top-line growth, shifting the company’s revenue composition significantly within a single quarter.

Shah Foods Limited has initiated a postal ballot process to seek shareholder approval for changing the company's name and shifting its registered office from Gujarat to West Bengal. The company has dispatched the notice of postal ballot on July 18, 2026, to members whose names appear on the register of members or list of beneficial owners as on July 10, 2026. The resolutions also seek approval for the appointment of directors, including Mr. Anuj Jalan as Chairman and Managing Director, and authorization for loans to directors and related party transactions.

Postal Ballot Agenda

The postal ballot notice encompasses ten resolutions requiring shareholder consent. The key items include the appointment of Mr. Anuj Jalan as Chairman and Managing Director for a term of three years and Mr. Raj Kumar Jalan as Executive Director. Additionally, the company seeks approval for the appointment of three independent directors and one independent woman director. The notice also includes resolutions for advancing loans to directors under Section 185 of the Companies Act, 2013, and approval for material related party transactions under Section 188 of the Act and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Resolutions

E-Voting Schedule and Process

The remote e-voting period commenced on July 19, 2026, at 9:00 A.M. IST and will conclude on August 17, 2026, at 5:00 P.M. IST. Shareholders whose email addresses are registered with the company or depositories have been sent the notice electronically. Members whose email addresses are not registered must follow the process outlined in the notes to the notice to obtain login credentials. Once a vote is cast, it cannot be changed. The company has appointed Mr. Mohan Ram Goenka, Practicing Company Secretaries, as the Scrutinizer to oversee the process.

Declaration of Results

The results of the postal ballot will be declared within two working days from the conclusion of the remote e-voting period. The results will be made available on the company's website, the website of Bigshare Services Private Limited, and the website of the stock exchange. The notice, explanatory statement, and other allied information are available on the company's website at www.shahfoods.co.in .