Appointment of M/s. Baid & Gupta, Chartered Accountants as an Internal Auditor of the Company for the financial year 2026-27, pursuant to Regulation 30 of the Listing Regulations read with ....
Awaiting price reaction for this filing.
Shah Foods Limited held a board meeting on June 3, 2026, and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. On a standalone basis, revenue from operations was nil (vs Rs. 378.22 lakhs in FY25), with a net loss of Rs. 20.52 lakhs against a profit of Rs. 10.81 lakhs last year. Consolidated results are significantly larger, with total assets of Rs. 27,081.80 lakhs, driven by the acquisition of 100% of Tandhan Power Technologies Pvt Ltd on March 27, 2026. The board also appointed M/s. Baid & Gupta, Chartered Accountants, as the internal auditor for FY 2026-27, and approved a proposal to change the company's name to 'Tandhan Energies Limited' or 'Tandhan Energy Solutions Limited', subject to shareholder and other approvals. Statutory audit was conducted by M/s. Keshri & Associates, with a clean unqualified opinion.
This filing signals a major strategic pivot — the standalone food business has effectively wound down, while the consolidated entity has scaled up sharply through the Tandhan Power Technologies acquisition, reflected in the proposed name change to 'Tandhan Energies'. For shareholders, this means a transformation of the business profile; the stock may see re-rating interest, though standalone financials show weak performance, and the name change is still subject to shareholder/regulatory approvals.