Acquisitions27 Mar 2026, 11:16 am
Shah Foods Ltd Board Meeting Update: Acquisition of Tandhan Power Technologies & Allotment of Securities
AI Summary
Shah Foods Ltd has announced the outcome of its board meeting held on 27th March 2026. The company has approved the acquisition of Tandhan Power Technologies Private Limited through a share swap. The acquisition consideration includes 1,58,85,037 equity shares of Shah Foods Ltd. The board has also approved the allotment of 68,32,463 equity shares for cash consideration to non-promoter public category. Tandhan Power Technologies Private Limited is engaged in the business of power storage and power backup solutions.
Key Highlights
- Shah Foods Ltd has approved the acquisition of Tandhan Power Technologies Private Limited through a share swap.
- The acquisition consideration includes 1,58,85,037 equity shares of Shah Foods Ltd.
- The board has also approved the allotment of 68,32,463 equity shares for cash consideration.
- Tandhan Power Technologies Private Limited is engaged in the business of power storage and power backup solutions.
- The acquisition does not fall within related party transaction(s).