SHAH FOODS LTD.

Shah Foods Ltd has responded to an inquiry regarding significant price movement in its securities. The company stated that it promptly makes all material disclosures as required by SEBI regulations and has not withheld any information. Shah Foods clarified that the price movement is attributed to prevailing market forces, investor sentiment, and external factors beyond its control. The company has no knowledge of any specific event or development that would justify the price fluctuation and cannot comment on market speculation. Shah Foods assured adherence to listing regulations in the interest of shareholders.

Shah Foods Ltd has responded to a BSE query regarding significant price movement in its securities. The company stated that it promptly makes all material disclosures as required by SEBI regulations and has not withheld any information. Shah Foods clarified that the price movement is attributed to prevailing market forces, investor sentiment, and external factors beyond its control. The company has no information about any specific event or development that would explain the price fluctuations and cannot comment on market speculation. Shah Foods assured adherence to listing regulations in the interest of shareholders.

Shah Foods Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 01, 2026, and will remain in effect until 48 hours after the declaration of the un-audited financial results for the quarter ended June 30, 2026. The measure is in place for all Designated Persons of the company to prevent any potential insider trading before the official announcement of the financial performance for the first quarter of the fiscal year 2027.

Shah Foods Limited's material subsidiary, Tandhan Power Technologies Private Limited, has appointed M/s. Baid & Gupta as Internal Auditors and M/s. MR & Associates as Secretarial Auditors for the upcoming financial years. The subsidiary's Board of Directors also reviewed and approved the audited financial results for the fourth quarter and the full financial year ended March 31, 2026. These appointments are in compliance with regulatory requirements.

Shah Foods Ltd. has announced the cancellation of its Board Meeting scheduled for May 30, 2026, due to unavoidable circumstances. The company anticipates a delay in finalizing and submitting the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. This delay is attributed to the complexities arising from an open offer and corporate takeover process, which necessitates additional time for consolidating financial statements, aligning accounting policies, and coordinating with subsidiaries and auditors. The company is working diligently with its statutory auditors to complete the process as soon as practicable and has requested that the delay be condoned.

Shah Foods Ltd has scheduled a meeting of its Board of Directors on May 30, 2026, to consider and approve the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, along with the audit report. The meeting will also address any other business with the chair's permission. This notice is pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shah Foods Ltd. announced the appointment of Mr. Nuren Lodaya, a Practising Company Secretary, as the Secretarial Auditor for the financial year 2025-26. The appointment was approved by the Board of Directors at their meeting held on May 19, 2026. Mr. Lodaya has over eight years of experience in corporate compliance, governance, and secretarial audit. His firm is peer-reviewed by the Institute of Company Secretaries of India (ICSI).

Navigant Corporate Advisors, the manager to the offer, announced an open offer to the shareholders of Shah Foods Ltd for the acquisition of up to 60,61,900 equity shares, representing 26.00% of the existing equity and voting share capital. The offer price is ₹62.50 per equity share, payable in cash. The Committee of Independent Directors of Shah Foods considers the offer price justified. The Letter of Offer was dispatched on May 5, 2026, and is available on the SEBI and Navigant Corporate Advisors websites. There has been no competitive bid to this offer.

Navigant Corporate Advisors Ltd, the manager to the open offer, has submitted to BSE the recommendations of the Committee of Independent Directors (IDC) regarding the open offer for the acquisition of equity shares of Shah Foods Limited. The advertisement by the IDC, as per Regulation 26(7) of SEBI SAST Regulations, 2011, was published on May 11, 2026, in multiple newspapers. The submission confirms that the soft copy of the advertisement is identical to the hard copy.

The Committee of Independent Directors of Shah Foods Ltd reviewed the open offer by Acquirers, as per the public announcement dated 10th February 2026, detailed public statement dated 16th February 2026, and letter of offer dated 29th April 2026. The committee concluded that the open offer is fair and reasonable.