Please find enclosed file
Awaiting price reaction for this filing.
Shah Foods has issued a corrigendum to its EOGM notice (original dated 10 Feb 2026, EOGM now scheduled for 6 March 2026 via video conferencing), modifying Item Nos. 2 and 3 related to a preferential share issue. Item 1 seeks approval to raise Authorised Share Capital from Rs. 1 crore to Rs. 24 crores (2.4 crore shares of Rs. 10 each). Item 2 is a Rs. 99.28 crore share-swap preferential issue of about 1.59 crore shares at Rs. 62.50 each to nine members of the Jalan family and related entities, to acquire 100% of Tandhan Power Technologies Pvt Ltd – after which these allottees will become new promoters. Item 3 is a Rs. 75.16 crore cash preferential issue of 68.32 lakh shares at Rs. 110 each to 69 non-promoter allottees. Items 4-9 cover a change of business object to batteries, UPS and power solutions, adoption of new Articles, raising borrowing limits to Rs. 500 crores, and raising investment/loan/guarantee limits to Rs. 500 crores.
This is a transformative event: existing shareholders face heavy dilution, a complete change of control to the Jalan group, and a pivot from the food business to batteries/UPS/power. Stock is likely to be volatile around the EOGM outcome on 6 March 2026, and any opposition from existing public shareholders on the new promoter entry or related-party swap pricing could create uncertainty.