Postal ballot: new board, rename to Tandhan Energies, shift office to West Bengal
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Shah Foods seeks shareholder approval via postal ballot for 10 resolutions. Key items: appoint Anuj Jalan as Chairman and MD for 3 years (pay up to Rs 2 crore), Raj Kumar and Daivik Jalan as Executive and Non-Executive Directors, plus 3 independent directors. Also: loans up to Rs 500 crore, related party deals with subsidiary Tandhan Power Technologies up to Rs 500 crore, change name to Tandhan Energies Limited, shift registered office from Gujarat to West Bengal. E-voting: July 19 to August 17, 2026.
Major pivot from food to energy under new Jalan family management, with large related party deals and fund raising plans proposed.