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 .

Shah Foods Limited seeks shareholder approval to change its name to Tandhan Energies Limited and to enter into related party transactions worth ₹500 crore with its subsidiary, Tandhan Power Technologies Private Limited. The proposals, along with the appointment of six directors including Mr. Anuj Jalan as Chairman and Managing Director, will be decided through a postal ballot process. The remote e-voting facility opens on July 19, 2026, and closes on August 17, 2026.

Postal Ballot Resolutions

The Board has approved ten resolutions for shareholder ratification. Key proposals include the appointment of Mr. Anuj Jalan as Chairman and Managing Director for three years, Mr. Raj Kumar Jalan as Executive Director, and Mr. Daivik Jalan as Non-Independent Non-Executive Director. Additionally, the company seeks approval to appoint three Independent Non-Executive Directors—Ms. Pragati Goel, Mr. Giri Raj Parashar, and Mr. Shivam Gupta—for a term of five years.

Related Party Transactions and Loans

Shareholders are asked to approve material related party transactions with Tandhan Power Technologies Private Limited for the financial year 2026-27. The approval covers transactions up to a value of ₹500 crore per transaction. The company also seeks authorization under Section 185 of the Companies Act, 2013 to advance loans, provide guarantees, or security to group entities up to an aggregate limit of ₹500 crore.

Change of Name and Registered Office

The company proposes to change its name from Shah Foods Limited to Tandhan Energies Limited to reflect its transition into a new line of business. A certificate from a Practicing Chartered Accountant confirms that the company has invested over 50% of its total assets in the new activity. Furthermore, the Board seeks approval to shift the registered office from the State of Gujarat to the State of West Bengal to facilitate future business planning and expansion.

Key Proposals and Appointments

Bigshare Services Private Limited has been engaged to provide the remote e-voting facility. M/s. MR & Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer to conduct the postal ballot process. The results will be declared within two working days from the conclusion of the e-voting period.