- Business
- Mahaan Foods Limited, now operating as Lake Shore Realty Limited following a name change in April 2025, engages primarily in the real estate business in India, having transitioned from its historical focus on dairy product manufacturing. Originally incorporated in 1987 and listed on the BSE under the ticker MAHAANF.BO with headquarters in New Delhi, the company previously produced a comprehensive range of dairy ingredients and consumer products including milk powders (skimmed, full cream, instantized), whey proteins and derivatives, milk proteins, casein and caseinates, non-dairy proteins, non-dairy creamers, milk fats, fat powders, specialty powders, pure ghee, dairy whiteners, pastry powders, white butter, baby foods, sauces, pickles, biscuits, moong dal halwa, and ice cream milk shakes; these were manufactured at facilities in Paonta Sahib (Himachal Pradesh), Kosi Kalan and Hathras (Uttar Pradesh), and Kurukshetra (Haryana), serving retail, ingredients, and co-manufacturing segments for bakery, food and beverage, infant nutrition, sports nutrition, pharmaceutical, healthcare, and F&B industries with exports to over 30 countries. Recent major changes include a strategic shift to real estate operations, appointment of Himanshu Joshi as CFO and Ankit Singh as Company Secretary and Compliance Officer, relocation of the registered office from Delhi to Maharashtra, approval of unaudited Q2 and H1 2025 financial results, entry into a Share Purchase Agreement on May 30, 2025 between promoters and acquirers such as ALMAHA INVESTMENT FUND PCC-ONYX STRATEGY and Indigo Infracon Private Limited, and a significant drop in promoter shareholding from 54.84% to 16.61% by September 2025. The company maintains processing capacities of up to 500,000 liters of milk daily via advanced spray-drying, dry-blending, and hygiene-engineered equipment compliant with GMP, ISO 9001/2000, HACCP, USP, JP, BP, and Pharmacopia standards, though these assets align with its prior dairy focus.