Shah Foods Board Approves Share Capital Increase & Preferential Issue

Shah Foods Limited's Board of Directors has approved a significant increase in the company's authorized share capital from ₹24 crore to ₹25.50 crore. Additionally, the board sanctioned a preferential issue of up to 18,90,410 convertible warrants at ₹153 per warrant to the promoter and promoter group. The meeting also finalized the 44th Annual General Meeting (AGM) date for September 30, 2025, appointed NSDL for e-voting, MR & Associates as scrutinizer and secretarial auditor, and noted the resignation of an Executive Director. The company also updated its policies and modified the utilization of funds from a previous preferential issue.