Shah Foods Approves Strategic Decisions, Announces Director Appointments and Office Shift Proposal

Shah Foods Approves Strategic Decisions, Announces Director Appointments and Office Shift Proposal​

Shah Foods Ltd., at its Board of Directors meeting held on July 15, 2026, approved several material proposals concerning the company’s operational structure and future direction. Key decisions include the approval of potential loans and related party transactions (RPTs), alongside a proposal to shift the company's registered office from Gujarat to West Bengal.

The Board meeting also addressed critical management appointments, placing multiple matters before shareholders for approval via Postal Ballot. These items covered leadership changes, including the appointment of new directors and approval for corporate restructuring elements such as a change in the Company’s name.

Management and Strategic Approvals​

Several critical items were approved by the Board, subject to subsequent shareholder approval:

• Loans and Guarantees: The Board considered and approved the proposal for advancing any loan, giving any guarantee, or providing security in connection with a loan taken by any person or entity, adhering to Section 185 of the Companies Act, 2013. The directors were authorized to execute all necessary related documents.
• Related Party Transactions: The Board approved material related party transactions proposed by the Company, subject to approval by shareholders through an Ordinary Resolution and relevant statutory approvals.
• Office Relocation: A major proposal included was the shifting of the Registered Office of Shah Foods Ltd. from Gujarat to West Bengal, pending necessary approvals from shareholders and concerned statutory authorities.

The company's leadership structure is undergoing changes, with the Board approving the nomination of several individuals for future consideration by members. These appointments include:

• Mr. Anuj Jalan (DIN: 02525506) as Chairman and Managing Director for a term of three years.
• Mr. Raj Kumar Jalan (DIN: 07875364) as Executive Director.
• Ms. Pragati Goel (DIN: 10447667) as Independent Non-Executive Women Director for a term of five years.
• Mr. Daivik Jalan (DIN: 10808174) as Non-Independent Non-Executive Director.
• Mr. Giri Raj Parashar (DIN: 10491076) and Mr. Shivam Gupta (DIN: 07690975), both proposed as Independent Non-Executive Directors for a term of five years.
• Approval for the Change of Name of the Company was also among the matters put before members.

Process Appointments Finalized​

To ensure transparency and proper conduct during the upcoming shareholder meetings, the Board made specific appointments regarding the Postal Ballot process. National Securities Depository Limited (NSDL) was appointed as the agency responsible for providing the remote e-Voting facility and the e-voting system.

Furthermore, Mr. Manoj Banthia (COP No. 7596), a Practicing Company Secretary, was appointed as the Scrutinizer to conduct the Postal Ballot process, including remote e-voting, ensuring fairness and transparency across all proceedings.

Stock Price Movement​

Shah Foods Ltd closed out the trading day settling at ₹358.65, as shares edged higher after climbing a solid 4.99%. Throughout the session, the stock experienced considerable volatility, with prices moving between an intraday low of ₹324.55 and a high of ₹358.65.