In a significant development in the real estate sector, Al Maha Investment Fund PCC and Indigo Infracon Private Limited have acquired a substantial stake in Mahaan Foods Limited (now known as Lake Shore Realty Limited), as per recent regulatory filings.

Al Maha Investment Fund's Acquisition

Al Maha Investment Fund PCC, through its Onyx Strategy, has acquired 13,43,741 equity shares of Lake Shore Realty Limited, representing a 38.38% stake in the company. This acquisition was made through a share purchase agreement dated May 30, 2025, as disclosed under SEBI regulations for substantial acquisition of shares and takeovers.

Indigo Infracon's Stake

In a parallel move, Indigo Infracon Private Limited has also acquired a significant portion of Lake Shore Realty. The company purchased 5,75,889 equity shares, accounting for 16.45% of the total shareholding. This acquisition was made under the same share purchase agreement dated May 30, 2025.

Combined Majority Stake

The combined acquisitions by Al Maha Investment Fund and Indigo Infracon amount to a total of 19,19,630 shares, representing approximately 54.83% of Lake Shore Realty Limited. This gives the two entities a controlling interest in the company.

Regulatory Compliance

Both Al Maha Investment Fund and Indigo Infracon have duly filed their disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These disclosures were submitted to the BSE Limited on July 31, 2025.

Promoter Status

It's noteworthy that both Al Maha Investment Fund and Indigo Infracon are identified as promoters of Lake Shore Realty Limited in their respective filings. This status suggests that they may play a significant role in the company's future strategic decisions.

Implications for Lake Shore Realty

This substantial change in ownership structure could potentially lead to new directions for Lake Shore Realty Limited. As the company transitions from its former identity as Mahaan Foods Limited to a real estate-focused entity, the expertise and resources of the new major shareholders may influence its future operations and market position.

Investors and market watchers will likely keep a close eye on Lake Shore Realty Limited to observe any changes in business strategy or management that may follow this significant shift in ownership.

Mahaan Foods Limited (formerly known as Lake Shore Realty Limited) has witnessed a significant change in its ownership structure as one of its promoters, Indigo Infracon Private Limited, has substantially increased its stake in the company.

Acquisition Details

Indigo Infracon Private Limited has acquired 5,75,889 equity shares of Mahaan Foods Limited, representing a 16.45% stake in the company. This acquisition was executed through a share purchase agreement dated May 30, 2025.

Regulatory Compliance

The transaction was disclosed in compliance with the Securities and Exchange Board of India (SEBI) regulations governing substantial acquisition of shares and takeovers. Chandan Hiralal Prajapati, a director of Indigo Infracon Private Limited, made the disclosure to BSE Limited on behalf of the company.

Corporate Information

Indigo Infracon Private Limited, the acquirer, is headquartered at:

Room No.2, Ramji Nivas, Vithal Wadi, Agra Road Kalyan (West), Thane, Mumbai Maharashtra 421301

The company can be reached at:

• Telephone: 022-40576777
• Fax: 91-22-2363 1975

Indigo Infracon Private Limited is registered with the Corporate Identification Number (CIN): U45400MH2012PTC225731.

Market Impact

This substantial acquisition by a promoter entity could potentially influence the company's strategic direction and governance. Shareholders and market participants will likely be watching closely for any changes in Mahaan Foods' operations or performance following this significant shift in ownership.

The disclosure was made to ensure transparency and compliance with regulatory requirements, allowing the market and investors to stay informed about significant changes in the company's shareholding pattern.

Mahaan Foods Limited, trading under the scrip code 519612 on the BSE, may see increased investor interest following this development. Stakeholders are advised to monitor further announcements from the company for any additional information or implications of this acquisition.