BSEGeneral31 Oct 2026 · 31 Oct 2026, 06:36 pm
Pursuant to Regulation 30 read with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), we hereby inform you that the Company has received a letter dated 30th October, 2026 from Mr. Ankit Bhandari, Mr. Amit Bhandari, Mrs. Indu Omprakash Bhandari, Mr. Omprakash Bhandari, Mr. Manan Rajesh Patel, Mrs. Hemakshi Manan Patel and Mrs. Kirti Rajesh Patel, Promoters of the Company, seeking ....
Shah Foods Ltd · 519031
✦ AI SummaryPromoter Reclassif.
Shah Foods Ltd, now known as Tandhan Energies Ltd, has received a request from its promoters to reclassify themselves from the 'Promoter and Promoter Group' category to the 'Public' category of shareholders, as per Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10
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Shah Foods Ltd - 519031 - Announcement under Regulation 31A (LODR)-(8)(a) Receipt of request
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TANDHAN ENERGIES LIMITED
(Formerly known as Shah Foods Limited)
Registered Office Address: 301, Sarthik Square, Nr. Shapath – 3, S. G. Highway, Bodakdev, Ahmedabad – 380054, Gujarat, India
CIN L27200GJ1982PLC005071
Telephone No: +91-90736 80003 | Email: shahfoods.ahmedabad@gmail.com | Website Address: www.shahfoods.co.in
Date: 31st October 2026
The Chief General Manager Listing Operation,
BSE Limited,
P. J. Towers, Dalal Street,
Mumbai – 400 001
Ref: Scrip Code: 519031 || ISIN: INE455D01012
Dear Sir / Madam,
Subject: Intimation pursuant to Regulation 30 read with Regulation 31A of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of request for
reclassification from ‘Promoter and Promoter Group’ category to ‘Public’ category
Pursuant to Regulation 30 read with Regulation 31A of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we hereby inform
you that the Company has received a letter dated 30th October, 2026 from Mr. Ankit Bhandari,
Mr. Amit Bhandari, Mrs. Indu Omprakash Bhandari, Mr. Omprakash Bhandari, Mr. Manan
Rajesh Patel, Mrs. Hemakshi Manan Patel and Mrs. Kirti Rajesh Patel, Promoters of the
Company, seeking reclassification from the ‘Promoter and Promoter Group’ category to the
‘Public’ category of shareholders.
The details of the shareholding of the Promoter and Promoter Group seeking reclassification
are as follows:
S. No. Name Category No. of shares % of
shareholding
1 Mr. Ankit Bhandari Promoter 0 0
2 Mr. Amit Bhandari Promoter 0 0
3 Mrs. Indu Omprakash Promoter 0 0
Bhandari
4 Mr. Omprakash Promoter 0 0
Bhandari
5 Mr. Manan Rajesh Patel Promoter 0 0
6 Mrs. Hemakshi Manan Promoter 0 0
Patel
7 Mrs. Kirti Rajesh Patel Promoter 0 0
Copies of the request letter received from the above-mentioned promoters are attached
herewith as Annexure A.
TANDHAN ENERGIES LIMITED
(Formerly known as Shah Foods Limited)
Registered Office Address: 301, Sarthik Square, Nr. Shapath – 3, S. G. Highway, Bodakdev, Ahmedabad – 380054, Gujarat, India
CIN L27200GJ1982PLC005071
Telephone No: +91-90736 80003 | Email: shahfoods.ahmedabad@gmail.com | Website Address: www.shahfoods.co.in
The proposed reclassification is in accordance with Regulation 31A (10) of the SEBI LODR
Regulations. Accordingly, the provisions of clause (a) of sub-regulation (3) and sub-regulation
(8) of Regulation 31A shall not apply in this case.
You are requested to kindly take the above information on record.
For Tandhan Energies limited
Formerly known as Shah Foods Limited Limited
Vishal Jha
Company Secretary and Compliance Officer
Membership No.: A80210
The Board of Directors,
Tandhan Energies Limited
Formerly known as Shah Foods Limited
Registered Address
301, Sarthik Square, Nr. Shapath – 3,
S. G. Highway, Bodakdev,
Ahmedabad – 380054
Subject: Request for Reclassification from “Promoter / Promoter Group” Category to
“Public” Category under Regulation 31A of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Dear Sir / Madam,
I, Manan Rajesh Patel, presently classified as a member of the Promoter / Promoter Group of
Tandhan Energies Limited Formerly known as Shah Foods Limited (“Company”), hereby
submit this request for reclassification from the “Promoter / Promoter Group” category to the
“Public” category in accordance with Regulation 31A of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
(“SEBI LODR Regulations”).
In this regard, I hereby confirm and undertake the following:
I do not hold more than 10% of the total voting rights in the Company (or such threshold as may
be prescribed under Regulation 31A from time to time).
I do not exercise control, directly or indirectly, over the affairs of the Company.
I do not have any special rights through formal or informal arrangements, including through any
shareholder agreements.
I am not represented on the Board of Directors (including as a Nominee Director) of the
Company.
I do not act as a Key Managerial Personnel in the Company.
I am not a ‘wilful defaulter’ as per the guidelines of the Reserve Bank of India.
I am not a fugitive economic offender.
There are no pending regulatory actions against me that would prohibit such reclassification.
I shall continue to comply with all applicable provisions of the SEBI LODR Regulations post
reclassification.
I further confirm that I am not part of any entity or person forming part of the Promoter /
Promoter Group seeking to retain control over the Company.
You are requested to kindly place this request before the Board of Directors and thereafter
before the shareholders of the Company for approval as required under Regulation 31A of the
SEBI LODR Regulations and to take necessary steps for seeking approval of the Stock
Exchanges.
I undertake to provide any additional information or documents as may be required in this
regard.
Thanking you,
Yours faithfully,
Manan Rajesh Patel
Place: Ahmedabad
Date: 30th October, 2026