Shah Metacorp Allots 9.71 Cr Rights Shares, Raising ₹47.22 Cr
Shah Metacorp Limited approved the allotment of 9,71,63,362 equity shares via a rights issue at ₹4.86 per share. The total amount raised is ₹47.22 crore, including ₹15.37 crore from promoter loan conversion. The paid-up capital increased to ₹98.24 crore.
The rights issue has increased the company's capital base and the number of outstanding shares, which could impact earnings per share and overall market capitalization. The amount raised is substantial relative to the company's pre-issue capital.
The company successfully completed a rights issue, raising significant capital and increasing its equity share capital, which is generally viewed positively.
Shah Metacorp Limited announced the outcome of its Rights Issue Committee Meeting held on June 30, 2026. The committee considered and approved the allotment of 9,71,63,362 equity shares of face value ₹1 each at an issue price of ₹4.86 per share (including a premium of ₹3.86). This allotment is in furtherance of the company's earlier approval to raise funds through a rights issue, as detailed in the Letter of Offer dated May 21, 2026.
The total amount raised from this allotment is ₹47,22,13,943.32, which includes ₹15,37,15,000 raised via the conversion of a promoter's unsecured loan. The rights issue was subscribed to 94.82% of the issue size, with 1,036 allottees comprising eligible shareholders and renouncers.
Following the allotment, the company's paid-up equity share capital has increased from ₹88,52,10,866 to ₹98,23,74,228. The Rights Issue Committee meeting commenced at 11:15 AM IST and concluded at 11:40 AM IST on June 30, 2026. Listing and trading approval for these shares is to be obtained from BSE and NSE.
What to do with a filing like this
Shah Metacorp Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shah Metacorp Limited. Read the original for the full detail.