Announced Wed, 15 Jul · 18:33 IST
Board approves new management, name change and office shift to West Bengal
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Price
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Price reaction · full curve 14 horizons · vs prior close
+7.1%1-day move
₹358.65
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+7.1+5.1+2.8+0.8+6.6+10.7————
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AI summary
Shah Foods board on 15 July 2026 approved new management with Anuj Jalan as Chairman and MD, plus five other directors. Board also approved shifting registered office from Gujarat to West Bengal, changing the company name, advancing loans under Section 185, and material related party transactions. All matters will go to shareholders through postal ballot with NSDL appointed as the e-voting agency.
Likely market impact
Major corporate overhaul with new management, likely name change and office relocation. Awaiting shareholder approval via postal ballot.