Full board change after Jalan family open offer at Shah Foods
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Shah Foods announced a complete board overhaul after new promoters Ankit and Anuj Jalan completed their open offer. Anuj Jalan is named Chairman and Managing Director for 3 years. Family members Rajkumar Jalan (uncle) and Daivik Jalan join as Executive and Non-Executive Directors. Three new independent directors (Pragati Goel, Shivam Gupta, Giri Raj Prasar), a new CFO Vikash Agarwal, and new Company Secretary Vishal Jha are appointed. The former Managing Director Hemakshi Patel, three independent directors, and the outgoing Company Secretary have resigned.
Full management changeover to new Jalan family leadership. Strategic direction may shift; all new appointments need shareholder approval at the next general meeting.