Mahaan Foods Limited (formerly known as LakeShore Realty Limited) is at the center of significant corporate developments, including an open offer and an upcoming board meeting.

Open Offer Details

ALMAHA INVESTMENT FUND PCC-ONYX STRATEGY and Indigo Infracon Private Limited have launched an open offer to acquire up to 9,10,182 equity shares, representing 26.00% of Mahaan Foods Limited's equity share capital from public shareholders. This offer is being conducted under the Securities and Exchange Board of India's (SEBI) Substantial Acquisition of Shares and Takeovers Regulations, 2011. Almondz Financial Services Limited is managing the open offer process, with the post-offer advertisement published on November 10, 2025.

Upcoming Board Meeting

In a separate development, Mahaan Foods Limited has announced a board meeting scheduled for November 13, 2025. The meeting agenda includes several important items:

Trading Window Closure

The company has also informed its directors, officers, designated employees, and their immediate relatives about the closure of the Trading Window for the company's equity shares. This closure is effective from October 1, 2025, until 48 hours after the announcement of the Q2 and H1 financial results.

These developments signify important changes in Mahaan Foods Limited's corporate structure and governance. Shareholders and potential investors may want to closely monitor these events as they could impact the company's future direction and stock performance.

Mahaan Foods Limited, now known as Lake Shore Realty Limited, has announced a significant change in its management structure following a substantial acquisition. The company's board of directors has approved a series of appointments and resignations that mark a new chapter in its corporate governance.

Acquisition and Change of Control

M/s AL Maha Investment Fund PCC-ONYX Strategy and M/s Indigo Infracon Private Limited have acquired a 54.84% stake in Lake Shore Realty through a Share Purchase Agreement dated May 30, 2025. This acquisition involves 19,19,630 equity shares from the selling promoters, resulting in a change of control for the company.

As a consequence of this transaction, Indigo Infracon Private Limited has become the new promoter of Lake Shore Realty. AL Maha Investment Fund PCC - Onyx Strategy, despite being one of the acquirers, will remain a financial investor and will not be part of the promoter and promoter group category post-open offer.

New Board Appointments

The board has approved the following key appointments:

1. Ms. Bhairavi Chandrakant Goswami: Appointed as Additional Director and Managing Director for a 5-year term, effective August 04, 2025, subject to shareholder approval.
2. Mr. Chandan Hiralal Prajapati: Joins as Additional Director (Non-Executive, Non-Independent) under the promoter category.
3. Mr. Vijay Kumar and Mrs. Ruchi Ghanashyam: Appointed as Additional Directors (Non-Executive Independent) for 5-year terms.

Resignations

Concurrent with these appointments, the company announced several resignations, all effective from the closing hours of August 04, 2025:

1. Mr. Sanjeev Goyal: Stepped down as Director and Managing Director.
2. Mrs. Saloni Goyal: Resigned as Director under the promoter category.
3. Mrs. Manisha Goyal, Mr. Dharmesh Bhutani, and Mr. Achal Kumar Khaneja: Resigned as Independent Directors.
4. Mr. Jitender Singh Bisht: Resigned as CFO.

Committee Reconstitution

Following these changes, Lake Shore Realty has reconstituted its board committees:

Registered Office Relocation

In addition to the management changes, Lake Shore Realty has approved the shifting of its registered office within Delhi to 23, 2nd Floor, North West Avenue, Club Road, West Punjabi Bagh, New Delhi – 110026.

These sweeping changes mark a significant transition for Lake Shore Realty Limited as it embarks on a new phase under fresh leadership and ownership structure.