Announced Sat, 18 Jul · 21:49 IST
Postal ballot with 6 director appointments and name change to Tandhan Energies
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹383.95
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.9-5.9-0.4+1.4+3.5—————
Up moveDown movePending
AI summary
Shah Foods postal ballot lists 10 resolutions. Board: Anuj Jalan as Chairman and MD (3 years), plus Raj Kumar Jalan as Executive Director, Daivik Jalan as Non-Executive, and 3 independents. Also: rename to Tandhan Energies Limited, shift office from Gujarat to West Bengal, loans/guarantees up to Rs 500 crore, material related party deals with subsidiary Tandhan Power Technologies up to Rs 500 crore each. E-voting: 19 July to 17 August 2026.
Likely market impact
Three Jalan family members joining board signals promoter consolidation. Rename to Tandhan Energies hints at a business pivot from food to energy.