Intimation of Resignation of CFO
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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Lake Shore Realty Limited (formerly Mahaan Foods Limited) announced a complete change of control effective August 4, 2025. AL Maha Investment Fund PCC-ONYX Strategy and Indigo Infracon Private Limited acquired 19,19,630 equity shares (54.84%) from the existing Goyal family promoters via a Share Purchase Agreement dated May 30, 2025. Indigo Infracon became the new promoter, while AL Maha acts only as a financial investor (SEBI-registered Category I FPI). The entire old board — Managing Director Sanjeev Goyal, Director Saloni Goyal, and three independent directors (Manisha Goyal, Dharmesh Bhutani, Achal Kumar Khaneja) — resigned along with CFO Jitender Singh Bisht, all citing the change of management. A new board was appointed, including Ms. Bhairavi Chandrakant Goswami (SBO of new promoter Indigo Infracon) as the new Managing Director, plus three new directors. All board committees were reconstituted and the registered office was shifted within Delhi to West Punjabi Bagh.
This is a full management takeover. Shareholders should expect a new strategic direction and potentially new business focus from the new promoters. The stock may see volatility tied to the open offer process; existing Goyal family promoters have been reclassified as public shareholders.