Shah Foods Independent Directors Approve ₹62.50 Open Offer

Committee of Independent Directors declares open offer by Ankit Jalan and Anuj Jalan consortium fair and reasonable.
Open offer aims to acquire 60,61,900 equity shares representing 26.00% of Shah Foods' share capital.
Offer price set at ₹62.50 per fully paid-up equity share through public announcement process.
Committee meeting held on 08 May 2026 reviewed all offer documentation including Letter of Offer.