Shah Foods Approves Up To ₹28.92 Crore Promoter Warrant Issue

Board approved up to 18.9 lakh promoter-group convertible warrants at Rs 153 each, raising up to Rs 28.9 Cr, subject to shareholder and stock-exchange approval; 25% payable upfront. The issue extends the recent promoter-led acquisition and capital reset, further concentrating control and providing additional funding over an 18-month conversion period. Board also approved modification of preferential-issue fund utilisation. Executive Director Manan Patel resigned following the management change; detailed deployment rationale remains undisclosed.