Announced Wed, 8 Jul · 18:32 IST
Shah Foods: New promoters take over after open offer, board reshuffled
Ceo ResignedCeo Appointed ExternalMultiple Ind Directors ResignedPromoter Family Board EntryKmp ResignedManagement Changes View source PDF
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
+10.2%1-day move
₹281.10
prior close
₹295.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.2+15.7+21.5+27.6+34.0+33.9————
Up moveDown movePending
AI summary
Following completion of open offer by Ankit Jalan and Anuj Jalan, Shah Foods inducted the Jalan family as new promoters. Anuj Jalan named Chairman and MD for 3 years. Rajkumar Jalan and Daivik Jalan join the board along with 3 new independent directors. Old MD Hemakshi Patel, 3 independent directors, and Company Secretary Namrata Vyas resigned. New CFO Vikash Agarwal and CS Vishal Jha appointed.
Likely market impact
Complete change of control at Shah Foods under Jalan family. Stock may see volatility as new management sets direction.