the Board of Directors of the Company, at their meeting held on Tuesday, 10th February, 2026, have inter alia considered and approved the Acquisition of 100% of the Equity Share Capital ....
Awaiting price reaction for this filing.
Shah Foods Ltd's board has approved the 100% acquisition of Tandhan Power Technologies Private Limited (TPTPL), a Kolkata-based company in the power storage and battery/UPS business with FY25 turnover of about Rs. 144 crore. Total deal value is approximately Rs. 99.28 crore, to be paid entirely through a share swap by issuing about 1.59 crore new shares of Shah Foods at Rs. 62.50 each to TPTPL's shareholders. Additionally, the company will raise about Rs. 75.16 crore in cash via a separate preferential allotment of around 68 lakh shares at Rs. 110 each to other investors. To facilitate these issuances, authorised share capital is being increased from Rs. 1 crore to Rs. 24 crore, borrowing limits are being raised to Rs. 500 crore, and the registered office is being shifted from Gujarat to West Bengal. An EGM is scheduled for March 6, 2026 to seek shareholder approvals.
This is a major business pivot for Shah Foods — moving from food into the power/battery sector via a sizeable share-swap acquisition, which will significantly dilute existing shareholders (new allottees will hold a large chunk of the expanded capital). Existing investors should watch for the EGM outcome, the post-issue shareholding pattern, and whether the acquisition delivers the synergies claimed.