Intimation of change in Directors and KMPs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 5.7 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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A change of control has taken place at Lake Shore Realty after AL Maha Investment Fund (FPI) and Indigo Infracon Private Limited together acquired 19,19,630 equity shares (54.84% stake) from the existing Goyal-family promoters via a Share Purchase Agreement dated May 30, 2025. Indigo Infracon has been recognised as the new promoter, while AL Maha will stay purely as a financial investor. Consequently, the entire old board was replaced on August 4, 2025: Mr. Sanjeev Goyal stepped down as Managing Director, Mrs. Saloni Goyal as Director, and three independent directors (Mrs. Manisha Goyal, Mr. Dharmesh Bhutani, Mr. Achal Kumar Khaneja) also resigned, along with the CFO Mr. Jitender Singh Bisht. In their place, Ms. Bhairavi Chandrakant Goswami (the beneficial owner of Indigo Infracon) has been appointed as the new Managing Director, Mr. Chandan Hiralal Prajapati as a non-executive promoter director, and Mr. Vijay Kumar (ex-IPS) and Mrs. Ruchi Ghanashyam (ex-Indian diplomat) as new independent directors. The company has also shifted its registered office within Delhi to West Punjabi Bagh.
This is a full management takeover — the stock now has a new controlling promoter group (Indigo Infracon), a brand-new board, and a new finance leadership, which means business direction and strategy could change materially from here. Shareholders should track the open-offer process and any future announcements on the new management's plans for the company (which was recently re-branded from Mahaan Foods to Lake Shore Realty).