Announced Thu, 10 Sept, 2026 · 12:38 IST

Executive Director Manan Patel resigns after open offer process completion

Kmp ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹420.00

prior close

₹430.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-2.2% vs market

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

Mr. Manan Rajesh Patel, Executive Director (DIN 03496656) of Shah Foods Limited, resigned from the board effective September 7, 2026. The resignation is linked to the completion of an open offer process under SEBI Takeover Regulations, which signals a change in management or control of the company. No other material reasons for stepping down were cited. The resignation letter has been enclosed with the filing.

Likely market impact

Change in control following the open offer may lead to shifts in board composition and strategy. Shareholders should watch for new appointments and further disclosures.