Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the detailed public statement for attention to the Shareholders of Shah Foods Ltd ....
Awaiting price reaction for this filing.
Navigant Corporate Advisors, acting as the Manager to the Offer, has submitted a corrigendum to the detailed public statement for an open offer to acquire up to 60,61,900 equity shares of Shah Foods Ltd (BSE: 519031), representing 26.00% of the existing equity and voting share capital. The offer price is Rs. 62.50 per fully paid-up equity share of Rs. 10 each. The acquirers are Mr. Ankit Jalan and Mr. Anuj Jalan, along with seven Persons Acting in Concert (PACs) including Jalan Sarees Private Limited, Ritu Jalan, Daivik Jalan, Prachi Jalan, Ankit Jalan HUF, Anuj Jalan HUF, and Radhika Jalan. The corrigendum was published on 30 April 2026 in Financial Express (English), Jansatta (Hindi), and Pratahkaal (Marathi) dailies. The offer is governed under SEBI SAST (Regulations), 2011.
This open offer for 26% stake at Rs. 62.50 per share signals a change in control attempt. Existing shareholders may tender shares or wait for any price improvement, and the corrigendum indicates ongoing regulatory compliance updates to the offer documents.