The Board of Directors of Tandhan Energies Limited (Formerly Known as Shah Foods Limited) , at their meeting held today i.e. Saturday, 14th November, 2026, has inter alia, considered, approved and took on record the Unaudited Standalone and consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026. The full format of the aforesaid results is annexed herewith for making the same available on the website ....

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: 14th November 2026 The Chief General Manager Listing Operation BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001 Scrip Code: 519031, ISIN: INE455D01012 Dear Sir, Sub: Outcome of Board Meeting of the Company held on 14th November, 2026 Ref: Regulation 30, 33 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") In furtherance to our intimation dated 11th November 2026, and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that Board of Directors of Tandhan Energies Limited (Formerly known as Shah Foods Limited), at their meeting held today i.e. Saturday, 14th November, 2026, has inter-alia, considered, approved and took on record the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th September, 2026. In this regard, pursuant to Regulation 33 of the Listing Regulations, we are enclosing herewith the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th September, 2026, along with the Limited Review Reports, issued by the Statutory Auditors of the Company – marked as Annexure - A. The full format of the aforesaid results is annexed herewith for making the same available on the website of the Stock Exchanges. The results are also available on the Company’s website at www.shahfoods.co.in. The Board meeting commenced at 8:00 P.M. and concluded at 9:00 P.M. This is for your kind information and record. Thanking you, For Tandhan Energies Limited (Formerly known as Shah Foods Limited) Vishal Jha Company Secretary & Compliance Officer Membership No.: A80210 (Encl: As above) Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Tandhan Energies Limited (formerly known as Shah Foods Limited) 1. We have reviewed the accompanying statement of unaudited standalone financial results of Tandhan Energies Limited (formerly known as Shah Foods Limited) (the “Company”) for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Keshri & Associates Chartered Accountants ICAI Firm registration number: 310006E Jagdish Rameshbhai Asawa Partner UDIN: 26163626GXYEQZ4021 Place: Ahmedabad Date: November 14, 2026 TANDHAN ENERGIES LIMITED (Formerly known as Shah Foods Limited) Registered Office – 301, Sarthik Square, Near Shapath–3, S. G. Highway, Bodakdev, Ahmedabad – 380054, Gujarat, India CIN L27200GJ1982PLC005071 | Telephone +91 90736 80003 | Email shahfoods.ahmedabad@gmail.com | Website www.shahfoods.co.in Unaudited Standalone Financial Results for the Quarter and Six Months Ended 30 September 2026 (All amounts in Rupees lakhs, unless otherwise stated) Standalone Sl. No. Particulars Quarter ended Six months ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Revenue from operations - - - - - - 2 Other income 484.84 1.52 - 486.36 - 0.80 3 Total Income (1 + 2) 484.84 1.52 - 486.36 - 0.80 4 Expenses (a) Purchases of stock-in-trade - - - - - - (b) Changes in inventories of finished goods, work-in-progress and stock- in-trade - - - - - - (c) Employee benefits expense 0.62 0.30 - 0.92 0.44 3.46 (d) Finance costs 0.11 - 0.01 0.11 0.03 0.34 (e) Depreciation and amortisation expense 0.01 - - 0.01 - - (f) Other expenses 5.42 1.18 0.65 6.60 5.38 17.52 Total expenses [4(a) to 4(f)] 6.16 1.48 0.66 7.64 5.85 21.32 5 Profit before exceptional items and tax (3 - 4) 478.68 0.04 (0.66) 478.72 (5.85) (20.52) 6 Exceptional items Total exceptional items - - - - - - 7 Profit / (Loss) before tax (5 - 6) 478.68 0.04 (0.66) 478.72 (5.85) (20.52) 8 Tax expense / (credit) (a) Current tax 65.99 0.01 - 66.00 - - (b) Deferred tax - - - - - - Total tax expense / (credit) [8(a) to 8(b)] 65.99 0.01 - 66.00 - - 9 Net Profit / (Loss) for the period (7 - 8) 412.69 0.03 (0.66) 412.72 (5.85) (20.52) 10 Other comprehensive income (Net of tax) (a) Items that will not be reclassified to profit or loss - - - - - - (b) Items that will be reclassified to profit or loss - - - - - - Total other comprehensive income [10(a) to 10(b)] - - - - - - 11 Total comprehensive income (9 + 10) 412.69 0.03 (0.66) 412.72 (5.85) (20.52) 12 Paid-up equity share capital (Face value Rs. 10 per Share) 2,331.50 2,331.50 59.75 2,331.50 59.75 2,331.50 13 Other equity* 15,006.46 15,006.46 (116.17) 15,006.46 (116.17) 15,006.46 14 Earnings per equity share of ₹10 each (in ₹) (a) Basic 1.77 0.00 (0.11) 1.77 (0.98) (2.26) (b) Diluted 1.77 0.00 (0.11) 1.77 (0.98) (2.26) *BalancesforthequarterandhalfyearendedSeptember30,2026andquarterendedJune30,2026representbalancesaspertheauditedBalanceSheetasatMarch31,2026and balances forthequarter and halfyear ended September 30,2025 represent balancesasper theaudited BalanceSheetasatMarch31,2025 asrequired bySEBI (Listingand Other Disclosure Requirements) Regulations, 2015 *Interim earnings per share are not annualised. 1.Theaboveunauditedstandalonefinancialresultsforthequarterandsixmonthsended30September2026werereviewedandrecommendedbytheAuditCommitteeand approved by theBoard ofDirectors at theirrespectivemeetings heldon14November 2026.Thestatutoryauditorshavec [Showing first 8,000 characters — download PDF for full document]