Lake Shore Realty Undergoes Major Management Overhaul Following Acquisition
Lake Shore Realty Limited (formerly Mahaan Foods) announced significant changes in its management structure after a 54.84% stake acquisition by M/s AL Maha Investment Fund PCC-ONYX Strategy and M/s Indigo Infracon Private Limited. Indigo Infracon becomes the new promoter. Key appointments include Ms. Bhairavi Chandrakant Goswami as Managing Director, Mr. Chandan Hiralal Prajapati as Non-Executive Director, and Mr. Vijay Kumar and Mrs. Ruchi Ghanashyam as Independent Directors. Several resignations were announced, including Mr. Sanjeev Goyal as Managing Director. Board committees were reconstituted, and the company's registered office will be relocated within Delhi.
01Aug 25
Al Maha Investment Fund and Indigo Infracon Acquire Majority Stake in Lake Shore Realty
Al Maha Investment Fund PCC and Indigo Infracon Private Limited have acquired a combined 54.83% stake in Lake Shore Realty Limited (formerly Mahaan Foods). Al Maha Investment Fund purchased 38.38% through its Onyx Strategy, while Indigo Infracon acquired 16.45%. The acquisitions were made through a share purchase agreement dated May 30, 2025. Both entities have filed disclosures under SEBI regulations and are identified as promoters of Lake Shore Realty.
01Aug 25
Indigo Infracon Acquires 16.45% Stake in Lake Shore Realty
Indigo Infracon Private Limited, a promoter of Mahaan Foods Limited, has acquired 5,75,889 equity shares, representing a 16.45% stake in the company. The acquisition was made through a share purchase agreement dated May 30, 2025. The transaction was disclosed to BSE Limited in compliance with SEBI regulations. Indigo Infracon is headquartered in Mumbai and registered with CIN: U45400MH2012PTC225731.
23Jun 25
Lake Shore Realty Forms Independent Committee to Review Open Offer
Mahaan Foods has established an independent committee to review an open offer, marking a significant step in its corporate governance practices. The company has not disclosed specific details about the offer or the committee's composition. This development could have important implications for shareholders, particularly minority stakeholders. Investors and analysts are expected to closely monitor further announcements from the company regarding this matter.