Shah Foods Ltd (519031)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Shah Foods' revenue was ₹65.1 Cr, and net profit ₹10.3 Cr; the operating margin was 18.2%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹65.1 | — | — |
| Operating profit | ₹11.9 | — | from loss |
| Net profit | ₹10.3 | — | +202.2% |
| EPS (₹) | 4.40 | — | +201.4% |
| Operating margin | 18.2% | — | — |
📢 Recent Corporate Announcements
Tandhan Energies Limited (formerly Shah Foods Limited) held a board meeting on October 16, 2026, approving the establishment of a new corporate office in Kolkata, West Bengal. The board also approved opening a dedicated bank account with ICICI Bank to receive funds for its preferential issue of warrants. Additionally, it reviewed statutory compliances for Q2 FY27 (quarter ended September 30, 2026) and noted operational updates following its name change.
- Approved setup of corporate office at Martin Burn Business Park, Salt Lake Sector V, Kolkata on 16th October, 2026
- Authorized opening of designated bank account with ICICI Bank for receiving preferential warrant funds
- Noted quarterly compliance report for period ended 30th September, 2026 under Regulation 17(3)
- Board meeting concluded in 40 minutes, starting at 11:30 A.M. and concluding at 12:10 P.M.
Tandhan Energies Limited (formerly Shah Foods Limited) has scheduled a Board of Directors meeting on October 16, 2026. Key agenda items include approving a new Corporate Office in Kolkata and setting up a dedicated ICICI Bank account for receiving funds from a preferential issue of warrants. The board will also review Q2 FY27 compliance reports and monitor transitional compliance post its recent name change.
- Board meeting scheduled for Friday, October 16, 2026, in Kolkata
- Proposal to establish Corporate Office at Martin Burn Business Park, Sector V, Kolkata
- Approval sought to open a designated ICICI Bank account for warrant issue proceeds
- Review of statutory compliances following name change from Shah Foods Ltd to Tandhan Energies Ltd
Tandhan Energies Limited (formerly Shah Foods Limited) has disclosed the re-appointment of M/s. N. Agarwala & Associates as Statutory Auditors of its material subsidiary, Tandhan Power Technologies Private Limited. The approval was granted by shareholders at the subsidiary's 8th AGM on September 30, 2026. The appointment is for a second consecutive term of 5 years, concluding at the AGM in 2031. This is a routine statutory compliance update under Regulation 30(9) of SEBI LODR.
- Shareholders approved re-appointment of M/s. N. Agarwala & Associates at the 8th AGM on September 30, 2026
- Appointed for a second term of 5 consecutive years ending at the AGM in 2031
- Re-appointment pertains to material subsidiary Tandhan Power Technologies Private Limited
- Auditor firm operates with 5 partners and 25+ years of experience across PSUs and private entities
Tandhan Energies Limited (formerly Shah Foods Limited) issued a corrigendum regarding its 30th September 2026 intimation about the appointment of its Secretarial Auditor. The company clarified that M/s. MR & Associates was approved as Secretarial Auditor by shareholders at the 44th AGM held on 30th September 2026, rather than merely approved by the Board on 7th September 2026 subject to future approval. The appointment is for a period of five consecutive financial years, covering FY 2026-27 to FY 2030-31.
- Clarified appointment approved at the 44th AGM on 30th September 2026
- Term of appointment spans 5 consecutive years from FY 2026-27 to FY 2030-31
- Auditor M/s. MR & Associates brings over 30 years of professional experience
Tandhan Energies Limited (formerly Shah Foods Limited) announced that shareholders approved the appointment of M/s. MR & Associates, Practicing Company Secretaries, as the company's Secretarial Auditor. The approval was granted at the 44th Annual General Meeting held on September 30, 2026. The appointment spans a 5-year tenure from FY 2026-27 to FY 2030-31. This is a standard statutory compliance measure under the Companies Act, 2013, and SEBI LODR Regulations.
- Shareholders approved the appointment at the 44th AGM on September 30, 2026
- Appointment of M/s. MR & Associates is for 5 consecutive years (FY 2026-27 to FY 2030-31)
- The Board of Directors originally approved the proposal at their meeting on September 07, 2026
- Firm has over 30 years of experience in corporate law, SEBI LODR, and insolvency resolution
Shah Foods Limited has announced a formal change of its corporate name to 'Tandhan Energies Limited'. The Registrar of Companies, Ministry of Corporate Affairs, issued the fresh Certificate of Incorporation effective September 28, 2026. This rebranding follows significant changes in the business profile, where June 2026 revenue surged to ₹65.08 crore from ₹3.98 crore in March 2026, while promoter holding dropped steeply to 1.26%. The company is completing necessary listing compliances under Regulation 45 of SEBI LODR.
- Name officially changed from Shah Foods Limited to Tandhan Energies Limited
- Fresh Certificate of Incorporation issued by MCA on September 28, 2026
- Under Section 12, the company is obligated to display its former name alongside the new name for 2 years
- Filing follows significant revenue shift to ₹65.08 crore in Q1 FY27 (Jun 2026) alongside a promoter shareholding drop to 1.26%
Shah Foods issued a corrigendum to its 44th AGM notice detailing a preferential issue of up to 18,90,410 convertible warrants to promoters at ₹153 per share, raising promoter holding from 69.39% to 71.68% on dilution. The document also discloses a monitoring agency report by Infomerics noting a 36.46% deviation in the utilisation of previous ₹75.16 crore preferential issue proceeds. Specifically, subsidiary Tandhan Power Technologies paid ₹11.20 crore to related entity Tandhan Polyplast without prior specific disclosure, which is now being placed before shareholders for approval.
- Preferential issue of up to 18,90,410 convertible warrants to promoter group at ₹153 per equity share
- Diluted promoter holding to increase from 69.39% (1,61,77,876 shares) to 71.68% (1,80,68,286 shares)
- Monitoring agency reported a 36.46% deviation in proceeds utilisation of the earlier ₹75.16 crore preferential issue
- Unapproved related-party transaction of ₹11.20 crore by subsidiary TPTPL to Tandhan Polyplast placed before shareholders for approval
- Relevant date for pricing the convertible warrants fixed as 31st August 2026 based on registered valuer report
Shah Foods issued a corrigendum to its 44th AGM notice detailing a preferential issue of up to 18,90,410 convertible warrants to promoters at ₹153 per share, raising promoter holding from 69.39% to 71.68% on dilution. The document also discloses a monitoring agency report by Infomerics noting a 36.46% deviation in the utilisation of previous ₹75.16 crore preferential issue proceeds. Specifically, subsidiary Tandhan Power Technologies paid ₹11.20 crore to related entity Tandhan Polyplast without prior specific disclosure, which is now being placed before shareholders for approval.
- Preferential issue of up to 18,90,410 convertible warrants to promoter group at ₹153 per equity share
- Diluted promoter holding to increase from 69.39% (1,61,77,876 shares) to 71.68% (1,80,68,286 shares)
- Monitoring agency reported a 36.46% deviation in proceeds utilisation of the earlier ₹75.16 crore preferential issue
- Unapproved related-party transaction of ₹11.20 crore by subsidiary TPTPL to Tandhan Polyplast placed before shareholders for approval
- Relevant date for pricing the convertible warrants fixed as 31st August 2026 based on registered valuer report
Shah Foods Limited announced the outcome of its postal ballot, with shareholders approving all 10 proposed special and ordinary resolutions via e-voting closed on 17th August 2026. Key approvals include the appointment of Mr. Anuj Jalan as Chairman and Managing Director for a 3-year term alongside new board appointments. Shareholders also approved changing the company's name, shifting its registered office from Gujarat to West Bengal, granting Section 185 loan/guarantee approvals, and entering into material related-party transactions with Tandhan Power Technologies Private Limited.
- Shareholders approved all 10 resolutions with over 99.99% voting in favour on votes polled.
- Appointment of Mr. Anuj Jalan as Chairman & MD (3-year term) and Mr. Raj Kumar Jalan as Executive Director effective 08th July 2026 approved.
- Special resolutions passed for shifting the registered office from Gujarat to West Bengal and changing the company name.
- Approved material related-party transactions with Tandhan Power Technologies Private Limited and powers to advance loans/guarantees under Section 185.
Shah Foods Limited held its Board of Directors meeting on August 14, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting commenced at 5:00 PM and concluded at 6:30 PM, following the initial board meeting intimation dated August 11, 2026. Statutory auditors have issued limited review reports on the submitted financial results. Detailed P&L and balance sheet line items were submitted via annexures to the stock exchange.
- Board of Directors approved standalone and consolidated financial results for the quarter ended June 30, 2026
- Board meeting was conducted on August 14, 2026, from 5:00 PM to 6:30 PM
- Submission made pursuant to prior intimation dated August 11, 2026, along with Statutory Auditors Limited Review Report
Shah Foods Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with statutory auditors' Limited Review Reports. Based on quarterly disclosures, the company recorded revenue of Rs 65.08 crore, operating profit of Rs 11.86 crore, and net profit of Rs 10.28 crore with an EPS of Rs 4.4. The board meeting was held on August 14, 2026, commencing at 5:00 PM and concluding at 6:30 PM.
- Board approved unaudited standalone and consolidated financial results for the quarter ended 30th June 2026
- Statutory auditors issued Limited Review Reports marked as Annexure - A
- Board meeting commenced at 5:00 P.M. and concluded at 6:30 P.M. on 14th August 2026
- Reported quarterly revenue of Rs 65.08 crore and net profit of Rs 10.28 crore for Jun 2026
Shah Foods Limited held its Board of Directors meeting on August 14, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting commenced at 5:00 P.M. and concluded at 6:30 P.M. The results have been subjected to a limited review by the statutory auditors. Financial context indicates revenue for the June 2026 quarter stood at ₹65.08 crore with a net profit of ₹10.28 crore.
- Board approved unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026
- Statutory Auditors issued the Limited Review Report without modifications noted in the cover letter
- Board meeting commenced at 5:00 P.M. and concluded at 6:30 P.M. on August 14, 2026
- Quarterly revenue reported at ₹65.08 crore with net profit of ₹10.28 crore per historical context
Shah Foods Ltd has scheduled a board meeting for August 14, 2026, to review and approve its unaudited financial results for the quarter ended June 30, 2026. This announcement comes at a critical time as the company reported zero revenue for the entire FY26 and the four preceding quarters. Additionally, the promoter holding has seen a sharp decline from 49.01% in December 2025 to just 1.26% in March 2026. The trading window for the company's securities has been closed since July 1, 2026, in anticipation of these results.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Trading window closed from July 1, 2026, until 48 hours after the result declaration.
- Company reported Rs 0.0 cr revenue for the last four consecutive quarters (June 2025 - March 2026).
- Promoter holding significantly reduced to 1.26% as of March 2026 from 49.01% in December 2025.
Shah Foods Ltd has announced a comprehensive management overhaul, including the appointment of Mr. Anuj Jalan as Chairman and Managing Director for a 3-year term effective July 8, 2026. The company is seeking shareholder approval to shift its registered office from Gujarat to West Bengal and to change the company's name. Additionally, the board has approved material related party transactions and the provision of loans or guarantees under Section 185. A corrigendum was issued to correct the e-voting agency to Bigshare Services and the scrutinizer to MR & Associates.
- Appointment of 6 new board members including a new CMD for a 3-year term
- Proposal to shift the registered office across states from Gujarat to West Bengal
- Approval of material Related Party Transactions under Section 188 and IND AS 24
- Stock has delivered a 168.1% price return over the last 12 months
- Board meeting on July 15, 2026, concluded in exactly 60 minutes
Shah Foods Ltd has approved a major management overhaul, including the appointment of Mr. Anuj Jalan as Chairman and Managing Director for a 3-year term effective July 8, 2026. The board is also seeking shareholder approval via postal ballot for shifting the registered office from Gujarat to West Bengal and changing the company's name. Additionally, broad authorizations for material related party transactions and advancing loans/guarantees under Section 185 were approved. These structural changes follow a significant 168.1% stock price increase over the past 12 months, suggesting a potential pivot in business strategy.
- Appointment of Mr. Anuj Jalan as CMD for a 3-year term starting July 8, 2026
- Proposal to shift the registered office from Gujarat to West Bengal pending shareholder approval
- Approval sought for material related party transactions under Section 188 and IND AS 24
- Authorization for advancing loans, guarantees, or security under Section 185 of the Companies Act
- Stock price has appreciated by 168.1% over the last 12 months despite lack of disclosed TTM financials
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
