Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement to the Shareholders of Shah Foods Ltd ("Target Company").
Awaiting price reaction for this filing.
Navigant Corporate Advisors, acting as the Manager to the Offer, has submitted the Pre-Offer Advertisement to BSE on behalf of the Acquirers — Mr. Ankit Jalan and Mr. Anuj Jalan. The open offer is for acquiring up to 60,61,900 equity shares of Rs. 10 each at Rs. 62.50 per share, representing 26% of Shah Foods Ltd's existing equity and voting share capital. The offer involves 7 Persons Acting in Concert (PACs), including Jalan Sarees Private Limited and 6 family members/HUFs. The advertisement was published on 12 May 2026 in Financial Express (English), Jansatta (Hindi), and Pratahkaal (Marathi). The offer is governed under SEBI SAST (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This open offer for 26% of shares signals a significant change in shareholding control of Shah Foods Ltd. Shareholders accepting the offer will receive Rs. 62.50 per share, which may be above or below market price depending on current trading levels.