Shah Foods Announces Major Management Appointments, Name Change to Tandhan Energies and Office Shift to West Bengal

Shah Foods Announces Major Management Appointments, Name Change to Tandhan Energies and Office Shift to West Bengal​

Shah Foods Limited has proposed a series of significant corporate resolutions, including the appointment of multiple key directors, a change in company name, and the shifting of its registered office from Gujarat to West Bengal. These strategic moves reflect the company's transition toward a new business focus, supported by recent investments into a subsidiary.

The company is seeking members’ approval through a remote e-voting process for resolutions related to governance, corporate restructuring, and major transactions. The voting period is scheduled to run from July 19, 2026, until August 17, 2026.

New Leadership and Board Appointments​

The company announced the appointment of several new directors in key operational and strategic roles:

• Mr. Anuj Jalan (DIN: 02525506) was appointed as Chairman and Managing Director for a term of three years, effective July 8, 2026. The maximum annual salary proposed for Mr. Jalan is Rs. 2,00,00,000/-.
• Mr. Raj Kumar Jalan (DIN: 07875364) was appointed as Executive Director, also effective July 8, 2026, with a maximum salary capped at Rs. 1,50,00,000/- per year.
• Mr. Daivik Jalan (DIN: 10808174) was appointed as Non-Independent Non-Executive Director for a term of three years, effective July 8, 2026, with a maximum salary up to Rs. 90,00,000/- per year.
• Ms. Pragati Goel (DIN: 10447667), Mr. Giri Raj Parashar (DIN: 10491076), and Mr. Shivam Gupta (DIN: 07690975) were appointed as Independent Non-Executive Directors for a term of five years, effective July 8, 2026.

Details of the appointments are provided below:

Corporate Restructuring and Expansion Plans​

The company proposed two major changes regarding its identity and operations:
1. Name Change: Members are seeking approval to change the company's name from Shah Foods Limited to Tandhan Energies Limited. A certificate confirming compliance with SEBI regulations stated that the company invested Rs. 1,73,58,14,789.50 in its wholly-owned subsidiary, Tandhan Power Technologies Private Limited, which accounts for 97.11% of the total assets as on March 31, 2026.
2. Office Relocation: The company also proposed shifting its registered office from Gujarat to West Bengal to facilitate business expansion and better resource utilization in the state of West Bengal.

Approval for Material Transactions and Group Lending​

The board seeks shareholder approval for several high-level corporate activities:

• Related Party Transaction (RPT): An Ordinary Resolution is sought to approve a material RPT with Tandhan Power Technologies Private Limited, which is described as a wholly owned Subsidiary of the company. The proposed transaction involves the sale, purchase or supply of goods or services, and/or providing guarantees, up to an aggregate limit of Rs. 500 Crore per transaction for the financial year 2026-27.
• Group Lending: A Special Resolution is being sought to authorize the Board to advance loans, give guarantees, or provide security to Entities—including Subsidiaries, Associates, and Joint Ventures—up to an aggregate sum of Rs. 500 crores for their principal business activities.

The company has put forth these resolutions to ensure continued support and operational flexibility within its group structure as it pivots into new business lines.

Stock Price Movement​

On Friday, Shah Foods Ltd settled at ₹383.95, edging higher after closing 1.97% on the day. The shares traded within a tight intraday range, hitting a low of ₹383.95 and an intraday high of ₹384.05.