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05-06-2026 | 02:30 pm

SHAH FOODS LIMITED

Registered Office Address: 301, Sarthik Square, Nr. Shapath – 3, S. G. Highway, Bodakdev, Ahmedabad – 380054,

Gujarat, India

CIN L27200GJ1982PLC005071

Telephone No: +91-6355582651 | Email: shahfoods.ahmedabad@gmail.com | Website Address: www.shahfoods.co.in

TO, Date: 05/06/2026

LISTING DEPARTMENT

BSE LIMITED

PHIROZE JEEJEEBHOY TOWERS

DALAL STREET, FORT, MUMBAI-400 001.

Scrip Code-519031

SUB: SUBMISSION OF COPIES OF NEWSPAPER ADVERTISEMENT PURSUANT TO

REGULATION 47 OF THE SEBI (LODR) REGULATIONS, 2015

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, please find enclosed copies of audited standalone and consolidated

financial results of the Company for the quarter and year ended March 31, 2026 published in

the following newspapers on Friday, 05th June, 2026

1. The Newsline (Gujarati)

2. Chanakya ni Pothi [English]

Kindly take it in your record.

Thanking you,

Yours sincerely,

For SHAH FOODS LIMITED

Hemakshi Manan Patel

Managing Director (DIN: 07297442)

Hemakshi

Manan Patel

Digitally signed by

Hemakshi Manan Patel

Date: 2026.06.05

14:12:58 +05'30'

----------------Page (0) Break----------------

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íkkíkk {kuxMko ÃkuMkuLsh

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ðÄeLku yíÞkhu Yk. 391 WÃkh ykÔÞku

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ykuÃkhu®xøk LkVk{kt íkku®íkøk WAk¤ku

òuðkÞku Au íku ÃkkMkkLku æÞkLk{kt hk¾eyu

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ð]rØLke søÞk Au yLku íkuÚke hkufký

ò¤ðe þfkÞ.

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íkhVe ÚkÞku Au. nqtzELkku þuh [kh

yXðkrzÞk Ãknu÷k Yk. 1839 WÃkh

níkku yLku yíÞkhu Yk. 1890 WÃkh

ykÔÞku Au íku{ Aíkkt nS ykðíkk Úkkuzk

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28.30Lkk ÃkeEhurþÞku WÃkh [k÷u Au

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þuh{kt Äehu Äehu ¼kð ðÄþu íku ÃkkMkwt

æÞkLk{kt hk¾ðwt òuEyu.

{kYrík MkwÍwfe Ãký fhufþLk

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s ¼kð Ãkze hnuþu íkuðe økýíkhe Au.

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Yk. 140 yLku íku ÃkAe Yk. 138 MkwÄe

¼kð ykðe òÞ íkku Mknus Ãký LkðkE

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ßÞkhu íkkíkk {kuxMko fku{ŠþÞ÷

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[k÷u Au yLku yk þuh{kt Ãký yLzhxkuLk

Lkçk¤ku Au. yk þuh{kt Ãký yufË{

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LkÚke Ëu¾kíke.

çkòs ykuxku ¼uøkk fhðkLkwt

økÞk ytf{kt [kxo îkhk Ëþkoðu÷wt. þuh

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yLku yk þuh{kt ykøkk{e rËðMkku{kt

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Ã÷uxVku{o WÃkh ík{khe

sYrhÞkík {qfe Ëku

íkÆLk £eíkÆLk £eíkÆLk £eíkÆLk £eíkÆLk £e

çku fu ºký rËðMk yk heíku 93 zku÷h

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88 zku÷h WÃkh ykðe òÞ y™u yk

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yk ðxnwf{ {wsçk rðËuþe hkufkýfkhku

îkhk fux÷kf «fkhLke rMkõÞkurhxe{kt su

LkVku ÚkkÞ íkuLke WÃkh ykuAk Ëhu ðuhku

÷uðkLke Ëh¾kMík Au.

Lkkýk{tºkk÷Þ îkhk yk

Ëh¾kMík hsq fhðk{kt ykðe yLku

¼khíkLkk «{w¾ îkhk íkuLku {tsqhe

ykÃkðk{kt ykðe hne Au.

[k÷w ð»kkoLkk sLÞwykhe

{rnLkkÚke rðËuþe hkufkýfkhkuyu

¼khíkeÞ þuhçkòh{kt Yk. 2.25 ÷k¾

fhkuzLkk þuhku ðuåÞk Au. yLku yk heíkLke

íkku®íkøk ðu[ðk÷eLku fkhýu ¼khíkeÞ

YrÃkÞk WÃkh ¼khu Ëçkký Q¼wt ÚkÞwt Au

yLku zku÷hLke Mkk{u ¼khíkeÞ YrÃkÞku 6

xfk ½MkkÞku.

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ELðuMxhku WÃkhLkk fhðuhk ½xkzðkLke

Ëh¾kMík fhðk{kt ykðe Au yLku nðu

íkuLku fuðku «rík¼kð {¤u Au íku òuðwt

hÌkwt.

ðxnwf{ îkhk ¼÷u rðËuþe

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½xkzkÞ, Ãkhtíkw ¼khík su heíku íkku®íkøk

ðuÃkkh¾kÄ Ähkðu Au íkuLku fkhýu

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árüyu yþõÞ Au. yktíkhhk»xÙeÞ

çkòh{kt ¢qzLkk ¼kð nS Ãký Ÿ[k

Au. Mkk{u Ãkûku ¼khíkLke rLkfkMkkuLku yMkh

Ãkze Au yLku {æÞÃkqðoLkk Ëuþku{ktÚke

yuLkykhykELkk ÃkøkkhLke su íkku®íkøk

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yíÞkhu y¾kíke ËuþkuLke fxkufxeLku

fkhýu Äe{e Ãkze Au. yk{ fhLx

yufkWLxLke ¾kÄ LkSfLkk

{rnLkkyku{kt s Ëqh ÚkkÞ íku Mkt¼kðLkk

Lkrnðík Au yLku íkuÚke rðËuþe ELðuMxhku

fu su 8Úke 10 xfkLkku LkVku f{kðk

¼khík{kt ykÔÞk Au íku{Lku fhLMkeLku

fkhýu nS Ãký {kuxwt LkwfMkkLk Au yLku

íkuÚke fhðuhkLkku çkkuòu ½xðkLku fkhýu

íkuyku ¼khík{kt hkufký fhðkLkwt þY

fhþu íku Mkt¼kðLkk Lkrnðík Au.

íkksuíkh{kt Ãkqhk ÚkÞu÷k {u

2026{kt rLk^xe yLku MkuLMkuûk{kt íkeðú

ðÄ½xLkku íkçk¬ku òuðkÞku. rLk^xe

ykøk÷k {rnLkkLke Mkh¾k{ýe{kt 1.9

zku÷hLke Mkk{u ¼khíkeÞ YrÃkÞku 6 xfk ½MkkÞku

MktrÄ ÚkE òÞ yLku íkuLku fkhýu Vhe yuf

ð¾ík rðï¼hLkk þuhçkòhku yufË{

ÍzÃkÚke Ÿ[fkE òÞ.

y{urhfLk «{w¾Lke yk

Mkt¼rðík Lkerík yLku MxÙuxuS ytøku

rðï¼hLkk ¾u÷kzeyku yLku hkufkýfkhku

Mk{S [qõÞk Au yLku íku{ Aíkkt íku{Lkk

Mxux{uLxLku «rík¼kð {¤e hÌkku Au íku

Ëw:¾Ë ðkík Au. yLku Mkk{u Ãkûku

y{urhfLk «{w¾ yk heíku ÷kune [k¾e

økÞk nkuðkÚke çkkfeLkk íku{Lkk

Mk{Þøkk¤k ËhBÞkLk Ãký EhkLk MkkÚku

ÞwØrðhk{ fheLku þktríkLke MÚkkÃkLkk fhu

íku Mkt¼kðLkk nk÷Lkk íkçk¬u ¾qçk s

ykuAe Au. fkhý fu þktríkLke MÚkkÃkLkk

ÚkE òÞ íkku ¢qzíku÷ ÷ktçkk Mk{Þ {kxu

Lke[wt ykðe òÞ yLku çkòhku ÍzÃkÚke

Ÿ[fkE òÞ yLku íkuÚke ðÄ½x{kt su

fhkuzku zku÷h íkuyku f{kE hÌkk Au íku

{¤íkk çktÄ ÚkE òÞ yLku yk

ÃkrhÂMÚkrík nkuðkÚke nS Úkkuzk {rnLkk

ykÃkýu y{urhfLk «{w¾Lku MknLk fhðk

Ãkzþu.

xfk ½MkkÞku Au ßÞkhu yur«÷,

2026{kt rLk^xe{kt 7.5 xfkLkku

MkwÄkhku òuðkÞku níkku. økÞk {rnLkk

ËhBÞkLk rLk^xe{kt 1220 ÃkkuELxLke

íkeðú ðÄ½x òuðk {¤e yLku íku heíku

òLÞwkheÚke {u yk¾h MkwÄe{kt rLk^xe{kt

9.9 xfkLkku ½xkzku òuðkÞku Au. AuÕ÷k

12 {rnLkk{kt ÷ksofuÃk þuhku{kt 5

xfkLkku ½xkzku Au yLku {ezfuÃk-

M{ku÷fuÃkLke Mkh¾k{ýe{kt ÷ksofuÃk{kt

yLzh ÃkVkuo{LMk òuðkÞwt Au.

Mkk{u Ãkûku AuÕ÷k Ãkkt[ ð»ko

ËhBÞkLk {ezfuÃk{kt ðkŠ»kf 19.10

xfkLkku MkwtËh WAk¤ku òuðkÞku. yLku íku

s heíku M{ku÷fuÃk{kt Ãký AuÕ÷k Ãkkt[

ð»ko ËhBÞkLk 14.40 xfkLkku WAk¤ku

òuðkÞku Au.

Mkíkík ºkeò {rnLkk ËhBÞkLk

rðËuþe hkufkýfkhku ¼khík{kt Lkux

ðu[ðkh hÌkk yLku {u {rnLkk ËhBÞkLk

íku{ýu 4.90 rçkr÷ÞLk zku÷hLkk Lkux

rðËuþe ELðuMxhku WÃkhLkk fhðuhk ½xkzðkLke Ëh¾kMík

økk{Lke økÃkMkÃk

Íe yuLxhxuELk{uLx, fhufþLk ÃkqÁt fheLku nðu yk þuh íkuSíkhVe ÚkÞku Au.

yuf Mk{Þu ËuðkLkku íkku®íkøk çkkuòu níkku, Ãkhtíkw nðu ËuðkLkku çkkuòu LkÚke hÌkku.

yuLxhxuELk{uLx þuhku{kt ðÄu÷wt ykf»koý, AuÕ÷k õðkxoh{kt LkwfMkkLk níkwt, Ãkhtíkw

nðu xLkoyhkWLz xÙuLzLke Mkt¼kðLkk, Yk. 91-92Lkk ¼kðu æÞkLk{kt hk¾ðku,

yuf ð¾ík Yk. 94 fqËkðu íku ÃkAe yk þuh{kt íkkuVkLke WAk¤k MkkÚku Yk. 99

yLku íku ÃkAe Yk. 108Lkku ¼kð òuðk {¤u.

ykEyuVçke RLzMxÙeÍ, Ãkrù{ çktøkk¤Lke yk ftÃkLke rðrðÄ «fkhLkk

yuÃ÷kLÞMkeMkLkwt WíÃkkËLk fhe hne Au. ðku®þøk {þeLk, yuhfLzeþLkh,

{kE¢kuðuð ykuðLk yLku {kuzâw÷h rf[Lk{kt yk ftÃkLkeLke fkçkur÷Þík, þuh

yíÞkhu 32Lkk ÃkeEhurþÞku WÃkh y™u sqLk õðkxoh{kt LkVku MkwtËh ykððkLke

yÃkuûkk, ËuðkLkk çkkuò{kt ½xkzku yLku AuÕ÷k Ãkkt[ ð»koÚke LkVku 19 xfkLkk Ëhu

ðæÞku Au. ÷uxuMx õðkxoh{kt Ãký 128 xfkLke íkku®íkøk ð]rØ MkkÚku Yk. 42.67

fhkuzLkku LkVku f{kÞu÷e, Lkku{o÷ fhíkk ðkuÕÞq{ zçk÷ ÚkE økÞwt yLku AuÕ÷k yuf

yXðkrzÞk{kt 13 xfkLkwt rhxLko íkku ykÃke ËeÄwt Au. Yk. 1234{kt Úkkuzkf þuhku

÷ELku {qfe þfkÞ. þkuxox{o{kt s Yk. 1252 yLku íku ÃkAe Yk. 1323Lkku ¼kð

òuðk {¤ðkLke økýíkhe.

hMku÷ xuõMkeMk, hMku÷ økúqÃkLke yk rzVuLMk rçkÍLkuMk Ähkðíke ftÃkLkeLku y÷økÚke

r÷®Mxøk fhkÔÞwt Au. yLku íku ÃkAe Äehu Äehu yk þuh{kt ðÄu÷wt ykf»koý, yíÞkhu

Yk. 1043Lkk ¼kðu 173Lkku íkku®íkøk ÃkeEhurþÞku, íku{ Aíkkt ¾u÷kzeykuLkku hMk

Äe{k MkwÄkhk MkkÚku Yk. 10400 yLku íku

ÃkAe Yk. 10800Lkku ¼kð òuðk

{¤ðkLke Mkt¼kðLkk {sçkqík Au. yk

þuh ÷kUøkx{o {kxu Ãký ÷ELku {qfe þfkÞ

yLku íku{kt hehu®xøk MkkÚku Yk.

12000Lkku ¼kð Ãký òuðk {¤u íkku

LkðkE Lkrn ÷køku.

nehku {kuxkufkuÃko Ãký fhufþLk

ÃkqÁt fheLku MkwÄkhk íkhVe ÚkE økÞku Au.

Yk. 4168Lkk çkkux{Úke Ÿ[fkELku

yíÞkhu Yk. 4916 WÃkh Au íku{ Aíkkt

yk þuh{kt nS Ãký íkuSLkwt òuh ¾qçk

s Lkçk¤wt Au yLku íkuÚke yufË{ {kuxku

WAk¤ku ykðe òÞ íkuðe ykþk nk÷Lkk

íkçk¬u Lk h¾kÞ.

ykÞþh {kuxMko{kt fhufþLk íkku

ÃkqÁt ÚkÞwt íku{ Aíkkt yk þuh{kt Ãký nS

fkuLMkkur÷zuþLkLke Mkt¼kðLkk ðÄkhu Au.

Úkkuzku½ýku MkwÄkhku çkíkkðu, Ãkhtíkw yufË{

ÍzÃkÚke ¼kð MkwÄhe sðkLke Mkt¼kðLkk

{ÞkorËík Au.

{rnLÿk yuLz {rnLÿk økúqÃk

nMíkf økÞk ÃkAe yuMkyu{yu÷

{rnLÿkLkku þuh Yk. 1737Lkk çkkux{Úke

Ÿ[fkELku yíÞkhu Yk. 3820 WÃkh

ykðe økÞku Au yLku íku heíku yk þuhu

{rnLÿk nMíkf ykÔÞk ÃkAe ÷øk¼øk

100 xfkLkwt rhxLko ykÃÞwt Au. nS Ãký

ðuÕÞqyuþLk ¾qçk s rfVkÞíke Au y™u

yk þuh{kt ykøkk{e Mk{Þøkk¤k{kt Äe{k

MkwÄkhk MkkÚku Yk. 4000 yLku íku ÃkAe

Äehu Äehu Yk. 4300Lkku ¼kð òuðk

{¤u íku Mkt¼kðLkk {sçkqík Au.

ßÞkhu {wÏÞ ftÃkLke {rnLÿk

yuLz {rnLÿk Yk. 2896Lkk çkkux{Úke

MkwÄheLku Yk. 3022 WÃkh ykÔÞku Au

y™u yk þuh{kt Ãký Äe{k MkwÄkhkLke

Mkt¼kðLkk Au íku{ Aíkkt íkuSLkwt òuh {tË

Au y™u yufË{ ÍzÃkÚke ¼kð MkwÄhe

sðkLke ykþk Lk h¾kÞ.

xeðeyuMk {kuxh ftÃkLke{kt Ãký

fhufþLk ÃkqÁt ÚkÞwt íku{ Aíkkt Ãký yk

þuh{kt yíÞkhLkk ¼kðÚke yufË{ {kuxe

íkuSLke søÞk Lkrnðík Au. Ãkhtíkw Äe{ku

yÃkxÙuLz òuðk {¤ðkLke Mkt¼kðLkk

ðÄkhu {sçkqík Au.

VkuMko {kuxMko{kt ðu[kýku ¾qçk s

MkwtËh hÌkk y™u nðu yk þuh Ãký

fhufþLk ÃkqÁt fheLku MkwÄkhk íkhVe ÚkÞku

Au. Yk. 17900ðk¤k yk þuh{kt

n{ýkt s fhufþLk ÃkqÁt ÚkÞwt nkuðkÚke

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40Lkk ¼kðu Ãkfze ÷uðkLke ðkík Ãký

fhe níke yíÞkhu Yk. 44 WÃkh ykÔÞku

Au y™u ykðíkk Úkkuzk rËðMkku{kt Yk.

45-46 WÃkh ykðe òÞ íku Mkt¼kðLkk

{sçkqík Au.

E÷urõxÙf xw-ÂÔn÷hLkwt WíÃkkËLk

fhíke yuÚkh yuLkSo Yk. 1007 WÃkh

Au yLku yk þuh{kt Ãký íkuS ykøk¤

ðÄe hne Au. ykøkk{e rËðMkku{kt MkwtËh

WAk¤k MkkÚku Yk. 1050 yLku íku ÃkAe

Yk. 1090Lkku ¼kð çkíkkðu íkuðe

þuhku ðuåÞk Au yLku MkLku 2026Lkk

«Úk{ Ãkkt[ {rnLkk ËhBÞkLk rðËuþe

hkufkýfkhkuyu 25.90 rçkr÷ÞLk

zku÷hLkk Lkux þuhku ðu[e {kÞko. Mkk{u Ãkûku

BÞwåÞwy÷ Vtzku yLku MÚkkrLkf MktMÚkkyku

îkhk þuhçkòh{kt 41.40 rçkr÷ÞLk

zku÷hLkwt ¼tzku¤ ÷kððk{kt ykÔÞwt Au.

yk{ rðËuþe ELðuMxhku su ðu[e økÞk

íkuLke Mkh¾k{ýe{kt ðÄkhu þuhku

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nkuðk Aíkkt ELzuûk ½xâku Au íku ÃkkMkwt

¾kMk æÞkLk{kt ÷uðwt Ãkzu yLku íku MÃkü

Ëþkoðu Au fu BÞwåÞwy÷ VtzkuLke ðÄkhu

÷uðk÷e nkuðk Aíkkt ELðuMxhkuLku

rðïkMk Q¼ku LkÚke Úkíkku.

Mkk{u Ãkûku ftÃkLkeykuLkk Ãkrhýk{ku

yuftËhu «kuíMkknf ykÔÞk Au. [kuÚkk

õðkxoh ËhBÞkLk ykuE÷ yLku økuMk yLku

yurðyuþLk rMkðkÞLke ftÃkLkeykuLkk

LkVk{kt ¾qçk s MkwtËh WAk¤ku òuðkÞku

yLku yuftËhu rLk^xeLke xku[Lke ftÃkLkeyku

îkhk Mkhuhkþ 16 xfkLke ð]rØ

LkuxLkVk{kt nktMk÷ ÚkE Au yLku yk ÃkkMkwt

nkuðk Aíkkt Ãký çkòh nS ¾wþ ÚkELku

ðÄðk LkÚke {køkíkwt íku Ãký yuf hMk«Ë

çkkçkík Au.

rLk^xe yíÞkhu ¼krð f{kýeLke

Mkh¾k{ýe{kt 18.60Lkk ÃkeEhurþÞku

WÃkh [k÷u Au su íkuLke ÷ktçkkøkk¤kLke

Mkhuhkþ 21Lke Mkh¾k{ýe{kt 11

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nkuÂMÃkxkr÷xe yux÷u fu nkux÷ku,

nkuÂMÃkx÷ku yLku zkÞøLkkuÂMxf ftÃkLkeyku

y™u ÃkMktËøkeLke yuVyu{MkeS

ftÃkLkeyku WÃkh ðÄðkLke Mkt¼kðLkk Au.

yk WÃkhktík {ux÷ yLku «kEðux Mkuõxh

çkUfku Ãký çkkux{ykWx ÚkELku nðu Äe{ku

MkwÄkhku çkíkkðu íku Mkt¼kðLkk ðÄkhu Au.

{u {rnLkku Ãkqhku ÚkÞk ÃkAe

ykuxku{kuçkkE÷ MkuõxhLkk {u {rnLkkLkk

yktfzk ònuh ÚkÞk yLku íku{kt MkÃxuBçkh

{rnLkk{kt SyuMkxeLkk Ëh{kt ½xkzk

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s¤ðkE hÌkwt níkwt. yLku {kuxk ¼køkLke

ftÃkLkeykuLke fk{økehe «kuíMkknf hne

Au, Ãkhtíkw yk ð¾íku ykuxku yuÂLMk÷he

yLku xkÞh ftÃkLkeykuLkk Ãkrhýk{ku Ãký

yuftËhu «kuíMkknf ykÔÞk Au. yLku

ykuxku{kuçkkE÷ Mkuõxh{kt {rnLÿk yLku

{rnLÿk yLku xeðeyuMkLke fk{økehe

yuftËhu {sçkqík Au.

xku[Lke ykuxku ftÃkLkeykuLkk

ðkuÕÞq{{kt Mkhuhkþ 22 xfkLkku MkwtËh

ð]rØËh òuðkÞku Au. {nkhk»xÙ{kt xÙuõxh

{kxu MkçkrMkze ykÃkðkLku fkhýu xÙuõxhLkk

ðu[kýku ÍzÃkÚke ðæÞk Au íku s «fkhu xw-

ÂÔn÷h, ÃkuMkuLsh ðknLkku yLku

fku{ŠþÞ÷ ðknLkku{kt Ãký MkwtËh ð]rØ

nktMk÷ ÚkE Au. fuð¤ íkkíkk {kuxMko

nMíkfLke søkwykh yLku ÷uLzhkuðh{kt

ðirïf {ktøk Lkçk¤e nkuðkLku fkhýu yLku

y{urhfkLke xurhVLku fkhýu ðkuÕÞq{{k

t½xkzku òuðkÞku Au.

íkkíkk {kuxMko rMkðkÞLke yLÞ

ÃkuMkuLsh fkh ftÃkLkeyku{kt ðu[kýku{kt

24.10 xfkLkku MkwtËh ð]rØËh òuðkÞku,

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4) https://sahifund.com/icici-prudential-flexicap-fund/

5) Sahifund bottom

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tomorrow/

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Important Weblinks for Today

BÞwåÞwy÷ Vtz yuLkkr÷MkeMk yLku BÞwåÞwy÷ VtzLkk «&™ {kxu https://sahifund.com/https://staffavailable.comhttps://biggaddi.com/

https://chanakyanipothi.com/

Total Income From Operations (net)

Net Profit/(Loss) for ordinary activities before Tax,

Exceptional and/or Extraordinary Items)#

Net Profit/(Loss) for the period before tax (after

Exceptional and/or Extraordinary items)#

Net Profit/(Loss) for the period after tax (after

Exceptional and/or Extraordinary items)#

Total Comprehensive Income for the Period

{Comprising Profit/Loss for the period (After Tax)

and Other Comprehensive Income (After Tax)}

Equity Share Capital.(face value of Rs.10 each)

Reserves (excluding Revaluaton Reserve) as

shown in balance Sheet of previous year

Earning Per Share (before extraordinary items) (of’

Rs.10 /- each

Basic . Diluted

Basic

Diluted

Earning Per Share (after extraordinary items) (of’

Rs.10 /- each

Basic . Diluted

Basic

Diluted

No.

Notes :

1.The above results were reviewed by the Audit Committee and taken on record by Board of Directors of the Company at its meeting on 03.06.2026. The above results have been reviewed

by the statutory auditors of the Company.

2. The above is an extract of the detailed format of Quarterly and Yearly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure

Requirements) Regulations, 2015. The full format of the Quarterly/Yearly Financial Results are available on the Stock Exchange website www.bseindia.com and on the Company’s website

www.shahfoods.com.

3. The financial results of the Company for the quarter and year ended 31st March, 2026 is prerpared in compliance with Ind AS. The comparative figures for the corresponding quarter

and year ended 31st march, 2025 have been restated to confirm to current period in accordance with Ind AS.

4. Exceptional and/or Extraordinary items adjusted in the Statement of Profit and Loss in accordance with Ind-AS Rules.

5.During the year, the Company acquired 100% control of Tandhan Power Technologies Private Limited on 27 March 2026. Accordingly, the financial results of Tandhan Power Technologies

Private Limited have been consolidated with effect from the date of acquisition and profit/(loss) for the period 27 March 2026 to 31 March 2026 has been considered in the consolidated

financial results.

Tandhan Power holds 100% interest in a foreign subsidiary, which has been consolidated as an indirect subsidiary of the Group, and 40.16% interest in Tandhan Exim Private Limited,

which has been accounted for as an associate based on significant influence.

6. This being first year and first quarter for consolidation, corresponding figures for previous year and previous quarter are not available.

229.60

17.23

59.75

2.88

PARTICULARS

SHAH FOODS LIMITED

EXTRACT OF STANDALONE AND CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER/ YEAR ENDED 31ST MARCH, 2026

Quarter ended

CIN : L15419 GJ 1982 PLC 005071

Registered Office: 301, SARTHIK SQUARE, NR SHAPATH-3 S.G. HIGHWAY, BODAKDEV, AHMEDABAD-380058, GUJARAT e-mail: shahfoods.ahmedabad@gmail.com,

Website: www.shahfoods.co.in

(Rs. in lakhs)

(20.52)

2,331.50

15,006.46

(0.09)

31-03-202531-03-2026Audited

Audited

(4.93)

59.75

(0.83)

31-12-2025Unaudited

Year Ended

31-03-2026

Audited

(9.74)

2,331.50

(0.04)

For and on behalf of the Board of Directors

For, Shah Foods Limited

Sd /-

HEMAKSHI MANAN PATEL

Managing Director

DIN : 07297442

Place :Ahmedabad

Date :03-06-2026

378.22

10.80

59.75

(116.17)

1.81

31-03-2025Audited

Quarter ended

398.11

458.28

328.99

2,331.50

1.41

31-03-202531-03-2026

AuditedAudited

31-12-2025Unaudited

Year Ended

31-03-2026Audited

398.11

469.06

339.77

2,331.50

1.46

31-03-2025Audited

StandaloneConsolidated

ðæÞku, ðkŠ»kf Äkuhýu Yk. 560

fhkuzLke ðu[ký ykðfku, xÙu®zøk

ðkuÕÞq{{kt Ãký ð]rØ, Yk.

1042{kt Ãkkt[ fu ËMk þuhLkwt

òu¾{ ÷uðkÞ yLku ykøkk{e

rËðMkku{kt MkwtËh WAk¤k MkkÚku Yk.

1100 yLku íku ÃkAe Äehu Äehu Yk.

1200Lkku ¼kð òuðk {¤ðkLke

Mkt¼kðLkk.

ÍuLk xufLkku÷kuSMk, ftÃkLke rzVuLMk

Mkuõxh {kxu xÙu®Lkøk rMkBÞw÷uxhLkwt

WíÃkkËLk fhu Au. yíÞkhu 78Lkku

ÃkeEhurþÞku, AuÕ÷k yuf s

yXðkrzÞk{kt yk þuhu 6.40

xfkLkwt rhxLko íkku ykÃÞwt Au.

yíÞkhLkk Yk. 1670Lkk ¼kðu

¾kuxku LkÚke, þkuxox{o{kt s Yk.

1747 yLku íku ÃkAe Yk.

1787Lkku ¼kð òuðk {¤u. Äe{k

MkwÄkhk MkkÚku Yk. 2023Lkk

¼kðLke Ãký Mkt¼kðLkk.

ÃkuÒkkh ELzMxÙeÍ, yuÕÞwr{rLkÞ{

«kuVkE÷{kt ¾qçk s {kuxwt WíÃkkËLk,

r«rþMkLk yuÂLsrLkÞ®høk y™u

rçk®Õzøk «kuzõxku{kt Ãký yk

ftÃkLkeLkk støke ðu[kýku, Yk. 86Lke

çkwfðuÕÞq Mkk{u yíÞkhu fuð¤ Yk.

170 yLku 16.50Lkk ÃkeEhurþÞku

WÃkh {¤e hÌkku Au. yk fkWLxh

WÃkhLkk xÙu®zøk ðkuÕÞq{{kt Ãký MkwtËh

ð]rØ, Lkku{o÷ Mktòuøkku{kt

1567856 þuhkuLkwt ðkuÕÞq{ Úkíkwt

níkwt íkuLku çkË÷u yíÞkhu 10 økýwt

ðkuÕÞq{ Úkðk ÷køÞw Au.

----------------Page (1) Break----------------

CHANAKYA

NI POTHI

Ahmedabad 05-06-2026

Domestic information

technology (IT) stocks suffered

their steepest single-day

decline in four months on

Wednesday, a day after posting

their biggest rally in more than

a year.

The Nifty IT index fell 5.6

per cent, its sharpest one-day

drop since February 4, 2026. The

market capitalisation of the

index constituents declined by

nearly ?1.5 trillion. The rout was

led by Tata Consultancy

Services (TCS), India's largest

software exporter, which

slumped 8.3 per cent — its

biggest single-day fall since

March 13, 2020. At ?2,242, the

stock closed at its lowest level

since August 28, 2020.

The decline wiped out most

of the gains accumulated over

the previous three sessions,

during which the Nifty IT index

had advanced 7.6 per cent on

optimism that rising enterprise

spending on artificial

IT stocks plunge on renewed AI

fears after biggest rally in a year

Kotak Alternate Asset Managers

closes $1 billion real estate fund

intelligence (AI) could create

new opportunities for software

services companies.

Investor sentiment,

however, turned cautious

following weakness in US

technology stocks overnight.

The Nifty IT index is down 22.4

per cent so far in 2026 amid

concerns that AI-driven

productivity gains could reduce

demand for traditional

outsourcing services.

Kotak Institutional Equities

said its outlook on the sector

had turned "incrementally

negative", warning that the risk

of AI-driven revenue deflation

could intensify over the next

few years.

“We expect new

opportunities such as legacy

modernisation to increase, but

do not expect them to

compensate for the deflation

enough,” analysts led by

Kotak Alternate Asset

Managers (Kotak Alts), the

alternate assets arm of Kotak

Group, has achieved the final

close of its 14th Real Estate

Fund at $1 billion. The

investments include an anchor

commitment of over $675 million

from a wholly-owned

subsidiary of the Abu Dhabi

Investment Authority (ADIA)

and a first commitment to

Indian alternatives from the

National Pension Service of

Republic of Korea (NPS Korea).

Kotak Alts’ 14th Real Estate

Titan gears up to take on

global watch giants in

premium, luxury segment

Today’s Important Weblinks:

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https://chanakyanipothi.com/grey-market-premium-latest-ipo-gmp/

https://chanakyanipothi.com/ipo-subscription-status/

https://chanakyanipothi.com/ipo-allotment-status-how-to-check/

https://chanakyanipothi.com/category/ipo-listing-estimates/

https://chanakyanipothi.com/upcoming-ipos-2025/

https://sahifund.com/

1) https://sahifund.com/whiteoak-capital-large-cap-fund/

2) https://sahifund.com/latest-new-fund-offers/

3) https://sahifund.com/dsp-multi-asset-allocation-fund/

4) https://sahifund.com/icici-prudential-flexicap-fund/

5) Sahifund bottom

https://chanakyanipothi.com/best-stock-to-buy-today/

https://chanakyanipothi.com/news-crux/

https://chanakyanipothi.com/fii-data-today/

https://sahifund.com/fii-dii-buy-sell-activity/

https://chanakyanipothi.com/chanakya-niti/

https://chanakyanipothi.com/stock-market-today-by-vaishali-parekh/

https://chanakyanipothi.com/technical-analysis-of-the-market-by-nagaraj-shetti/

https://chanakyanipothi.com/reliance-share-price-target-strategy-today/

https://chanakyanipothi.com/winning-strategy-for-gold-trading-tomorrow/

https://chanakyanipothi.com/rupee-dollar-exchange-rate-guidance/

https://chanakyanipothi.com/whatsapp-group/

Apple agrees to provide India

financial data to CCI in antitrust case

Apple has agreed to submit

the financials of its India

business to the Competition

Commission of India (CCI) as

part of an investigation that

found the firm abused its

market position, taking the

long-delayed case a step closer

to a potential penalty decision,

an agency order shows.

The case is Apple’s most

high-profile regulatory

headache in India, a

key growth market

where it has rapidly

expanded iPhone

production as it

diversifies beyond

China. The iPhone

accounts for 9 per cent

of India’s smartphone

market, from about 2

per cent five years

ago, according to Counterpoint

Research data.

A confidential CCI order,

reviewed by Reuters, showed

Apple last month agreed to

supply its India financials —

typically needed by the

watchdog for penalty

calculations.

Apple’s lawyer asked the

CCI at a May 21 hearing for a

“final extension” until June 25

to file its “India-specific

financial information”, and “the

commission considered the

request and granted” it, the

order noted.

A CCI probe found in 2024

that Apple had exploited its

dominant position in the iPhone

apps market.

Apple denied wrongdoing

and said it would contest the

findings. It also refused to

supply details of its finances.

Apple has long argued the

case should be paused because

it it is separately seeking to

quash India’s new antitrust

penalty law that empowers the

CCI to penalise companies on

the basis of their global, not

just Indian, turnover. Apple

says the CCI had asked for

global financial details, which

could lead to a fine of up to $38

billion.

The CCI has repeatedly

disagreed with that position,

saying it only needed Apple’s

India financials to start with and

the US giant was trying to

delay the case through a

parallel court challenge. A judge

last month told Apple to

"cooperate".

Reuters is the first to report

Apple's changed position in the

case. Apple did not respond to

Reuters queries. The CCI also

did not respond to requests for

comment.

Startups vs Apple

The case against Apple

started in 2021 and includes a

non-profit group, Tinder-owner

Match and a group of Indian

startups called the Alliance of

Digital India Foundation

(ADIF).

The groups brought the

case amid concerns about

Apple's proprietary

in-app billing system,

among other issues.

During the May

21 hearing, ADIF

urged the CCI against

further delays, the

order showed.

Apple has also

been asked to submit its

objections, if any, to the

investigation findings, which

say Apple's App Store is "an

unavoidable trading partner"

for app makers, who were not

permitted to use any third-

party payment service for in-

app purchases.

Apple says it is a small

player in India where phones

that use Google's Android

system are dominant.

In 2022, the CCI slapped a

fine of $113 million on Google

for using its "dominant

position" to force app

developers to use its in-app

payment system.

Google denied wrongdoing.

Total Income From Operations (net)

Net Profit/(Loss) for ordinary activities before Tax,

Exceptional and/or Extraordinary Items)#

Net Profit/(Loss) for the period before tax (after

Exceptional and/or Extraordinary items)#

Net Profit/(Loss) for the period after tax (after

Exceptional and/or Extraordinary items)#

Total Comprehensive Income for the Period

{Comprising Profit/Loss for the period (After Tax)

and Other Comprehensive Income (After Tax)}

Equity Share Capital.(face value of Rs.10 each)

Reserves (excluding Revaluaton Reserve) as

shown in balance Sheet of previous year

Earning Per Share (before extraordinary items) (of’

Rs.10 /- each

Basic . Diluted

Basic

Diluted

Earning Per Share (after extraordinary items) (of’

Rs.10 /- each

Basic . Diluted

Basic

Diluted

No.

Notes :

1.The above results were reviewed by the Audit Committee and taken on record by Board of Directors of the Company at its meeting on 03.06.2026. The above results have been reviewed

by the statutory auditors of the Company.

2. The above is an extract of the detailed format of Quarterly and Yearly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure

Requirements) Regulations, 2015. The full format of the Quarterly/Yearly Financial Results are available on the Stock Exchange website www.bseindia.com and on the Company’s website

www.shahfoods.com.

3. The financial results of the Company for the quarter and year ended 31st March, 2026 is prerpared in compliance with Ind AS. The comparative figures for the corresponding quarter

and year ended 31st march, 2025 have been restated to confirm to current period in accordance with Ind AS.

4. Exceptional and/or Extraordinary items adjusted in the Statement of Profit and Loss in accordance with Ind-AS Rules.

5.During the year, the Company acquired 100% control of Tandhan Power Technologies Private Limited on 27 March 2026. Accordingly, the financial results of Tandhan Power Technologies

Private Limited have been consolidated with effect from the date of acquisition and profit/(loss) for the period 27 March 2026 to 31 March 2026 has been considered in the consolidated

financial results.

Tandhan Power holds 100% interest in a foreign subsidiary, which has been consolidated as an indirect subsidiary of the Group, and 40.16% interest in Tandhan Exim Private Limited,

which has been accounted for as an associate based on significant influence.

6. This being first year and first quarter for consolidation, corresponding figures for previous year and previous quarter are not available.

229.60

17.23

59.75

2.88

PARTICULARS

SHAH FOODS LIMITED

EXTRACT OF STANDALONE AND CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER/ YEAR ENDED 31ST MARCH, 2026

Quarter ended

CIN : L15419 GJ 1982 PLC 005071

Registered Office: 301, SARTHIK SQUARE, NR SHAPATH-3 S.G. HIGHWAY, BODAKDEV, AHMEDABAD-380058, GUJARAT e-mail: shahfoods.ahmedabad@gmail.com,

Website: www.shahfoods.co.in

(Rs. in lakhs)

(20.52)

2,331.50

15,006.46

(0.09)

31-03-202531-03-2026Audited

Audited

(4.93)

59.75

(0.83)

31-12-2025Unaudited

Year Ended

31-03-2026

Audited

(9.74)

2,331.50

(0.04)

For and on behalf of the Board of Directors

For, Shah Foods Limited

Sd /-

HEMAKSHI MANAN PATEL

Managing Director

DIN : 07297442

Place :Ahmedabad

Date :03-06-2026

378.22

10.80

59.75

(116.17)

1.81

31-03-2025Audited

Quarter ended

398.11

458.28

328.99

2,331.50

1.41

31-03-202531-03-2026

AuditedAudited

31-12-2025Unaudited

Year Ended

31-03-2026Audited

398.11

469.06

339.77

2,331.50

1.46

31-03-2025Audited

StandaloneConsolidated

Kawaljeet Saluja said in a note.

Market experts said the

wealth-creation phase for

largecap IT stocks may be

largely behind them, though the

sector could continue to offer

tactical trading opportunities.

“These are large, liquid

companies, and sentiment can

periodically swing in their

favour. But structurally, the

industry's growth prospects

have slowed considerably.

Earlier, the sector was capable

of delivering much higher

growth rates; now, growth is

likely to remain in the low

single digits, around 0-3 per

cent. In that sense, these

companies risk evolving into

mature businesses that

generate steady cash flows and

return capital to shareholders,

rather than delivering strong

revenue growth and significant

wealth creation,” said

Chokkalingam G, founder of

Equinomics.

Tata-run Titan Company is

taking on global watch makers

like the Swatch group of Europe

and Seiko of Japan by making

an aggressive bid to grab a

larger share of the over

Rs.25,000 watch market, also

known as the premium-to-top-

of-the-line luxury segment.

Kuruvilla Markose, chief

executive officer (CEO) of the

watches and wearables

division, Titan, said: “The

Indian market has reached an

inflexion point. Around 50 per

cent of the value of watches

sold is under Rs.25,000 and the

other 50 per cent is over that.

We have a dominant 55 per cent

share in the under Rs.25, 000

market. As more and more

consumers upgrade to a Sonata

or a Fastrack, we will continue

to dominate here.”

But Markose is also

revving up in the premium and

luxury segment now.

He added, “We have a 15

per cent share of the over

Rs.25,000 market in value, but

it is growing at 100 per cent per

annum for us. We expect a fair

market share of 50 per cent in

revenue in this segment too.”

That is an ambitious target.

It comes on the heels of the

Centre signing a free trade

agreement (FTA) with the

European Union (EU), under

which Customs duty on

European and specifically

Swiss-made watches will fall

from 22 per cent to 16 per cent

initially. It would gradually

become zero by 2031.

This will make imported

watches from companies like

Swatch much cheaper in India

than the current prices. But

Titan has put together a

multifold strategy to combat

the challenge and break big

time in this segment.

For instance, it recently

launched the Zero Hour sports

collection which spans 12 time

pieces ranging in depth

capability from 100 to 500

metres. They are priced

between Rs.15,795 and

Rs.77,995.

It has also demonstrated

that it can make a top-end watch

with a stiff price tag of Rs.45

lakh under its luxury sub brand

Nebula with a limited edition.

And, to push its premium

and luxury watches, it is

supported by over 290 Helios

stores and has also set up 10

Helios Luxes, which deal with

even more expensive watches.

Also, Titan is ensuring that

its watches offer more value

compared to global players with

offerings that have similar

specifications and features.

Markose points out that the

diver watches under Zero Hour

have a price tag that is 30-50

per cent lower than similar

brands available globally.

Similarly, under Stellar 3 —

the Wondering Hour model —

featuring crytallised titanium on

top of an automatic range, is

priced at Rs.1.8 lakh.

A comparable global watch

would be double or triple of that

price.

But can Titan compete with

the global watch players in

Europe?

Markose argues: “Even

after a 16 per cent reduction due

to the FTA, the difference in

European and Indian pricing is

huge. Our prices with similar

specifications are half or a third

of the price of global watches.”

Fund focuses on providing

growth and development

financing support across

residential, commercial, and

other real estate asset classes

across key cities in India. The

fund targets risk-adjusted

returns for institutional

investors through disciplined

underwriting, robust security

structures, and an investment

process refined across 13 prior

real estate fund vintages

spanning over two decades.

Srini Sriniwasan, managing

director, Kotak Alts, said,

“ADIA’s sixth consecutive

commitment to our platform is

a testament to the trust earned

over a decade of consistent

delivery. NPS Korea’s maiden

Indian alternatives commitment

to our platform for an India-

dedicated strategy in these

volatile times is an equally

powerful validation. Together,

these partnerships define the

quality of the Kotak Alts

franchise and the confidence

that global institutions place in

our ability to generate superior

risk-adjusted returns.”

Anthropic expands Project Glasswing

to 15 more countries, India gets access

Initial public offering (IPO)-

bound Anthropic has

announced expansion of its

cyberdefence plan Project

Glasswing to 150 new

organisations across 15

countries, the company said in

a press note.

The newly-expanded

cohort of countries will include

India, according to sources.

“The group covers several

industries that weren’t well

represented in our initial cohort,

such as power, water,

healthcare, communications,

and hardware. And, many of

the new partners are

vendors—companies or

nonprofits that maintain

codebases that are relied upon

by lots of other organisations

around the world, including

governments,” Anthropic said.

According to a Financial

Times report, some of the other

countries include, France,

Germany, Italy, Canada,

Australia, New Zeland, Japan

and South Korea.

An email sent to Anthropic

on the organisations included

in the project, said: "We're not

disclosing the specific

organizations or the list of

countries publicly, but can

confirm the expansion includes

organizations from India.

Partners are free to share their

participation if they wish."

The statement further

added, "We are not sharing

specific organizations. On

background, we can add that

access is tightly scoped to

organizations defending critical

infrastructure, or those that

build or operate systems across

core sectors (power, water,

healthcare, communications,

financial services), as well as

national security

organizations."

The move to expand Claude

Mythos and Project Glasswing

comes weeks after domestic

software industry body

Nasscom, as well as the

Ministry of Electronics and

Information Technology held

meetings seeking access.

Earlier in April, Anthropic

joined hands with leading

global companies such as

Amazon Web Services, Apple,

Broadcom, Cisco, CrowdStrike,

Google, JPMorgan Chase, the

Linux Foundation, Microsoft,

NVIDIA, and Palo Alto

Networks to find solutions to

deploy Claude Mythos’s

prowess “for defensive

purposes.” The Dario Amodei-

led company initiated Project

Glasswing shortly after the

release of its latest general-

purpose artificial intelligence

(AI) model, Claude Mythos.

In April, while announcing

Project Glasswing, Anthropic

had said that Mythos Preview

had already found thousands

of high-severity vulnerabilities,

including some in every major

operating system and web

browser.

In its press note

announcing the expansion of

Project Glasswing, Anthropic

said the capabilities of the

Claude Mythos preview have

sparked new discussions

about the impact AI is likely to

have on cybersecurity.

“Cheap, fast AI models with

powerful cyber capabilities are

around the corner. We want

Project Glasswing to spur

institutions toward operating

norms that reflect this reality,”

the company said.

Within the next six months

to a year, Anthropic expects

several other AI companies to

offer large language and

general-purpose AI models

with capabilities comparable to

Mythos. These companies may

release these AI models

without the safeguards to

prevent misuse, the company

said in its press note.

Going ahead, Anthropic is

working to release Mythos-

level capabilities for general

access. To do so, however, both

Anthropic and other AI

companies will need highly

robust safeguards to prevent

misuse of the model. Such

safeguard capabilities,

however, are yet to be

developed by Anthropic or

other AI companies, the

company said.

“In the future, frontier

model releases will become

increasingly high-stakes.

Capabilities will continue to

improve across all domains,

including many that—like

cybersecurity” Anthropic said.

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