Promoter Reclassification31 Oct 2026, 06:41 pm
Shah Foods Promoters Seek Reclassification to Public Category
AI Summary
Shah Foods Ltd (now Tandhan Energies Limited) has received requests from several promoters, including Mr. Ankit Bhandari and Mr. Amit Bhandari, seeking reclassification from the 'Promoter and Promoter Group' category to the 'Public' category. The requests are in accordance with Regulation 31A of the SEBI LODR Regulations. The promoters confirm they do not hold more than 10% voting rights, do not exercise control, are not represented on the board, and are not key managerial personnel. The company will seek approval from the Board of Directors and shareholders for this reclassification.
Key Highlights
- Promoters of Shah Foods Ltd seek reclassification to the 'Public' category.
- Requests align with SEBI LODR Regulations, specifically Regulation 31A.
- Promoters confirm no majority voting rights or control over the company.
- Reclassification requires Board and shareholder approval.
- Company name changed to Tandhan Energies Limited.
Price Impact
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