Shah Foods Ltd — Others, 18-06-2025: AGM/EGM

Shah Foods Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported a significant turnaround in FY 2024-25, generating sales of Rs. 378.22 Lakhs and a profit of Rs. 10.80 Lakhs, compared to a loss of Rs. 21.91 Lakhs last year. No dividend is proposed. The business remains engaged in trading food products and vegetables, with no change in nature of operations. Key management changes include appointment of Manan Rajesh Patel as CFO and Balveermal Kewalmal Singhvi as Director, while Rajesh Chinubhai Sutaria resigned. The company continues to maintain adequate internal controls and compliance systems, though faced a delay in appointing the Company Secretary, resulting in a regulatory penalty of Rs. 1.40 Lakhs. No material regulatory or legal issues were reported. Total borrowings increased, reflecting ongoing financing needs amid rising operations.