Shah Metacorp Allots 9.71 Cr Rights Shares Worth ₹47.22 Cr, Increasing Paid-up Capital
Shah Metacorp Limited's Rights Issue Committee approved the allotment of 9,71,63,362 equity shares at ₹4.86 each, raising ₹47.22 crore. The issue was subscribed to 94.82%. This allotment increases the company's paid-up equity share capital to ₹98.24 crore.
The rights issue is a significant corporate action that increases the company's capital base, potentially funding growth or other strategic initiatives. The amount raised is substantial relative to the company's existing capital.
The company successfully completed its rights issue, raising significant capital and increasing its paid-up 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 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 per share). This allotment, which was 94.82% subscribed, raised ₹47.22 crore.
The Rights Issue was initially approved by the Board of Directors on December 29, 2025, and the detailed terms were subsequently approved on May 21, 2026. The company had offered up to 10,24,68,139 equity shares at ₹4.86 per share, aiming to raise approximately ₹49.80 crore.
Following the allotment, the company's paid-up equity share capital has increased from ₹88.52 crore to ₹98.24 crore. Notably, ₹15.37 crore of the total amount raised came from the conversion of a promoter's unsecured loan. The Promoter and Promoter Group holding has slightly increased from 29.15% to 29.49% post-allotment. Listing and trading approval for these shares is yet to be obtained from BSE and NSE.
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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.