519031

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- Shah Foods Limited announced the induction of new promoters (Mr. Ankit Jalan, Mr. Anuj Jalan, and others) following a successful open offer. - The Board approved key appointments including Mr. Anuj Jalan as Chairman & Addl. MD, and Mr. Rajkumar Jalan as Addl. Executive Director. - Also appointed were new Independent Directors, CFO, and Company Secretary. - Accepted resignations of the previous Managing Director, four Independent Directors, and the Company Secretary.

- Board of Directors meeting on 08th July 2026 approved a significant change in management following a successful open offer, inducting new promoters Mr. Ankit Jalan and Mr. Anuj Jalan. - Key appointments include Mr. Anuj Jalan as Chairman & Add. MD, Mr. Rajkumar Jalan as Add. Executive Director, Mr. Daivik Jalan as Add. Non-Independent Non-Executive Director, new Independent Directors, Company Secretary, and Chief Financial Officer. - Resignations include the Managing Director, four Independent Directors, and the Company Secretary, all effective 09th July 2026.

- Board approved new promoters Mr. Ankit Jalan and Mr. Anuj Jalan after an open offer, leading to a management change. - Mr. Anuj Jalan appointed Chairman & Additional MD, Mr. Rajkumar Jalan as Executive Director. New Independent Directors, CS, and CFO also appointed. - Accepted resignations of previous MD, three Independent Directors, and Company Secretary.

- Board meeting scheduled for July 08, 2026. - Agenda includes changes in Board of Directors' composition and reconstitution of various committees. - These changes are pursuant to the completion of the open offer process.

- SHAH FOODS LIMITED responded to BSE's query dated July 01, 2026, regarding significant price movement in its securities. - The company clarified that it has made all required material disclosures and has not withheld any information. - It stated that price movement is driven by market forces and external factors beyond its control, and it has no information to warrant such movement nor can it comment on market speculation.

- Company provided clarification on significant price movement in its securities, responding to a BSE query dated July 01, 2026. - Stated it has not withheld any material information/event and adheres to SEBI Listing Regulations. - Confirmed that price movement is driven by market forces and it has no information to warrant such movement, nor can it comment on speculation.

- Trading window for Shah Foods Limited securities will close from July 01, 2026. - It will reopen 48 hours after the declaration of un-audited financial results for the quarter ended June 30, 2026. - Designated Persons are restricted from dealing in the company's securities during this period.

- Board meeting on June 3rd, 2026, approved Audited Standalone & Consolidated Financial Results for the quarter and year ended March 31, 2026. - Appointed M/s. Baid & Gupta, Chartered Accountants, as Internal Auditor for FY 2026-27. - Approved proposal to change company name from Shah Foods Limited to Tandhan Energies Limited or Tandhan Energy Solutions Limited, subject to shareholder approval.

- Board meeting of Tandhan Power Technologies Private Limited (Material Subsidiary of Shah Foods Limited) was held on June 3, 2026. - Board considered and approved Audited Financial Results for the fourth quarter and financial year ended March 31, 2026. - Approved the appointment of M/s. Baid & Gupta as Internal Auditor for FY 2026-27. - Approved the appointment of M/s. MR & Associates as Secretarial Auditor for FY 2025-26 & 2026-27.

- Board meeting held on June 03, 2026. - Approved Audited Standalone & Consolidated Financial Results for the Quarter and Year ended March 31, 2026. - Board approved a proposal to change the company name from Shah Foods Limited to Tandhan Energies Limited or Tandhan Energy Solutions Limited, pending shareholder approval, indicating a strategic business pivot. - Appointed M/s. Baid & Gupta as Internal Auditor for FY 2026-27. - Consolidated financial results for the quarter ended March 31, 2026, include Tandhan Power Technologies Pvt Ltd from March 27, 2026, with no comparable prior period data. Standalone Q4 FY26 reported Revenue from Operations of ₹0.80 Lakhs vs ₹229.60 Lakhs (YoY) and a Net Loss of ₹(9.74) Lakhs vs a Profit of ₹17.23 Lakhs (YoY).

- Standalone Operating Revenue ₹0 Lakhs vs ₹229.60 Lakhs (▼100% YoY) - EBITDA (₹10.48) Lakhs vs ₹16.44 Lakhs (▼163.75% YoY) - PAT (₹9.74) Lakhs vs ₹17.23 Lakhs (▼156.52% YoY) - EBITDA Margin: Not meaningful for Quarter Ended March 31, 2026 due to zero operating revenue; was 7.16% in Quarter Ended March 31, 2025.

- Post Offer Advertisement for Shah Foods Limited's open offer to acquire up to 26% equity (60,61,900 shares) at ₹62.50 per share resulted in Nil shares tendered. - Acquirers and PACs held 69.39% equity post-offer through prior Share Purchase Agreement (SPA) and preferential allotment.

Shah Foods Limited announced that a Board Meeting will be held on Wednesday, June 03, 2026, to consider and approve the audited standalone and consolidated financial results for the 4th Quarter and year ended March 31, 2026, along with the Audit Report. The intimation is made pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015.

Shah Foods Limited submitted its Annual Secretarial Compliance Report for the Financial Year Ended March 31, 2026. The report indicates non-compliance, specifically a delay in submitting the Q4 FY2025 financial results, which resulted in a SOP fine of INR 45,000/- from BSE Limited. The company has applied for a waiver and paid processing fees. Additionally, the Structured Digital Database (SDD) maintained under SEBI (Prohibition of Insider Trading) Regulations had missing entries for FY2025-26, although no fine was levied for this. Management acknowledged these issues as inadvertent and committed to ensuring future compliance.

SHAH FOODS LIMITED announced a delay in filing its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The delay is attributed to complexities arising from an ongoing open offer, corporate takeover process, and first-time consolidation of financial statements. Consequently, the Board Meeting scheduled for May 30, 2026, to consider these results has been cancelled. The company requested condonation for the delay and aims to submit results soon. The trading window remains closed.

Shah Foods Limited announced that a Board Meeting will be held on Saturday, 30th May 2026, to consider and approve the audited standalone and consolidated financial results for the 4th Quarter and year ended March 31, 2026, along with the Audit Report.

Shah Foods Limited announced the appointment of Mr. Nuren Lodaya, Practising Company Secretary (Peer Reviewed Firm), as the Secretarial Auditor for the financial year 2025-26. This appointment was approved by the Board of Directors at their meeting held on May 19, 2026.

Navigant Corporate Advisors Limited has submitted a Pre-Offer Advertisement for an Open Offer to acquire up to 60,61,900 equity shares, representing 26.00% of Shah Foods Limited, by Mr. Ankit Jalan, Mr. Anuj Jalan, and PACs. The Offer Price is ₹62.50 per fully paid-up equity share. The Committee of Independent Directors of Shah Foods Limited has deemed the Offer Price to be justified. The offer is scheduled to open on May 13, 2026, and close on May 26, 2026.

Shah Foods Limited's Committee of Independent Directors (IDC) has recommended the acceptance of the open offer by Mr. Ankit Jalan, Mr. Anuj Jalan, and PACs to acquire up to 26.00% of the company's equity shares. The IDC deems the offer price of ₹62.50 per share fair and reasonable, noting it is higher than the independent valuer's fair value of ₹59.40, especially considering the company's negative book value and profitability.