Tandhan Energies Limited (formerly Shah Foods Limited) concluded its 44th Annual General Meeting (AGM) on September 30, 2026, with all eight proposed resolutions passing with the requisite majority. The meeting, held via video conferencing, approved key corporate actions including the re-appointment of directors and the issuance of convertible warrants.

The company, registered in Ahmedabad, Gujarat, reported that the AGM commenced at 3:00 pm and concluded at 3:35 pm. Voting results were scrutinized by Mr. Mohan Ram Goenka of MR & Associates, who confirmed that all resolutions set out in the notice dated September 7, 2026, along with the corrigendum dated September 24, 2026, were duly passed.

Key resolutions approved

The shareholders adopted both the standalone and consolidated audited financial statements for the financial year ended March 31, 2026. The meeting also saw the re-appointment of two key directors:

• Anuj Jalan was re-appointed as Managing Director, retiring by rotation under Section 152(6) of the Companies Act, 2013.
• Raj Kumar Jalan was re-appointed as Director, also retiring by rotation.

In a significant capital action, members approved an Ordinary Resolution to increase the authorized share capital and alter the Memorandum of Association accordingly. Additionally, a Special Resolution was passed to approve the issue of convertible warrants on a preferential basis to the promoter.

Governance and audit updates

The AGM addressed governance matters by approving the appointment of MR & Associates as the secretarial auditor of the company. The meeting also took note of observations from the monitoring agency regarding the utilization of proceeds from a previous preferential issue. This included approval or confirmation, to the extent applicable, of certain related party transactions undertaken by Tandhan Power Technologies Private Limited.

What the numbers show

Voting data reveals a high concentration of promoter influence in decision-making. Promoters and their group held 16,177,876 shares, casting votes in favor of most resolutions. For instance, on the adoption of financial statements, promoters voted 15,361,421 shares in favor, representing 94.95% of their holding. In contrast, public non-institutional shareholders held 7,137,124 shares, but only 2,397,054 votes were polled by this category, indicating a participation rate of approximately 33.59% among public holders for these items.

Notably, for the re-appointment of directors Anuj Jalan and Raj Kumar Jalan, promoter votes were excluded from the count due to interest in the resolution. In these cases, the resolution passed solely on public votes, with 2,397,042 votes in favor against just 12 votes against. Similarly, for the related party transaction resolution involving Tandhan Power Technologies, promoter votes were again excluded, relying entirely on the public vote count of 2,397,042 in favor.

Tandhan Energies Limited appointed M/s. MR & Associates as its secretarial auditor for a five-year term commencing FY27. The appointment was approved by shareholders at the 44th Annual General Meeting held on September 30, 2026.

The company, formerly known as Shah Foods Limited, informed BSE that the firm will serve through FY31. This decision aligns with compliance requirements under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment details

The Board of Directors initially approved the appointment on September 7, 2026. Shareholders ratified the move during the virtual AGM conducted via Video Conferencing/Other Audio Visual Means.

About the auditor

M/s. MR & Associates is a Kolkata-based professional firm specializing in corporate law advisory and secretarial audits. The firm has over 30 years of experience in fields including Company Law, SEBI (LODR), Insolvency and Bankruptcy Code (IBC), and financial statement analysis.

The firm regularly appears before the National Company Law Tribunal (NCLT), Regional Directors, Registrar of Companies, and stock exchanges. Their expertise also covers corporate restructuring and insolvency resolution processes.