Ankit and Anuj Jalan launch mandatory open offer for 26% of Shah Foods Limited at ₹62.50/share, triggered by preferential allotment and share purchase agreement.
Offer size is 60,61,900 shares totaling ₹37.89 crore, with open period from May 13 to May 26, 2026, managed by Navigant Corporate Advisors.
Acquirers will hold 69.39% post-preferential issue and seek full control; target company has no current business activity and nil revenue.
Financial arrangements include ₹9.5 crore escrow deposit; offer is unconditional and not subject to minimum acceptances.