Shah Foods: Jalan family takes over as promoters, full board overhaul
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Shah Foods sees a change in management after the Jalan family (Ankit and Anuj Jalan) completed an open offer and became new promoters. Anuj Jalan is appointed Chairman and Managing Director for 3 years. Two more Jalan family members (Rajkumar Jalan and Daivik Jalan) and three new independent directors join the board. A new CFO (Vikash Agarwal) and Company Secretary (Vishal Jha) are also appointed. The previous Managing Director, three independent directors and the Company Secretary resigned, effective 09 July 2026.
Complete board and management overhaul as new promoter Jalan family takes control. Strategic direction and business focus may change going forward.