Shah Foods Approves ₹28.92 Crore Promoter Warrant Issue

The board approved a preferential issue of up to 1,890,410 convertible warrants to promoters at ₹153 each, raising up to ₹28.92 crore. Warrants require 25% payment upfront and are convertible within 18 months, creating potential dilution. Executive Director Manan Patel resigned following completion of the open offer.