Shah Foods Monitoring Report Flags 36.46% Preferential-Issue Deviation

Monitoring agency flagged a 36.46% deviation in Shah Foods’ Rs.75.16 crore preferential-issue proceeds: Rs.11.20 crore related-party payments lacked specific shareholder disclosure, Rs.16.20 crore was lent to an NBFC contrary to LODR, and auditor utilization figures did not reconcile. Context: adds to early compliance concerns.