Shah Metacorp Board Approves ₹49.80 Crore Rights Issue; Record Date Set for May 27, 2026
Shah Metacorp's board approved a rights issue of ₹49.80 Lakhs, offering 102,469,136 shares at ₹4.86 each. The record date is May 27, 2026, with a ratio of 36 shares for every 311 held. The issue opens on June 11, 2026, and closes on June 24, 2026. Post-issue, the total equity shares will be 987,680,002.
The rights issue is expected to have a medium impact as it will increase the company's equity base and provide additional funding for future growth.
The announcement of a rights issue is generally perceived positively as it provides an opportunity for existing shareholders to increase their investment in the company.
The Board of Directors of Shah Metacorp Limited approved the issuance of equity shares on a rights basis for an amount not exceeding ₹49.80 Lakhs at its meeting held on May 21, 2026. This Rights Issue is in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has received in-principle approvals from BSE Limited and National Stock Exchange of India Limited for the proposed Rights Issue, as per their letters dated May 14, 2026. The board approved the terms of the Rights Issue, including fully paid-up Equity Shares of face value of ₹1 each.
The total number of Rights Equity Shares is 102,469,136, aggregating up to ₹49.80 Lakhs, assuming full subscription. The Rights Issue Price is ₹4.86 per Rights Equity Share, which includes a premium of ₹3.86 per Rights Equity Share, payable fully on application. The Record Date for determining shareholders eligible for the Rights Entitlement is Wednesday, May 27, 2026. The Rights Entitlement Ratio is 36 Rights Equity Shares for every 311 fully paid-up Equity Shares held as of the Record Date. The Rights Issue opens on Thursday, June 11, 2026, and the on-market Renunciation Period starts the same day. The on-market Renunciation Period ends on Monday, June 22, 2026, and the Rights Issue closes on Wednesday, June 24, 2026. The ISIN for Rights Entitlement is INE482J20021.
Prior to the Rights Issue, the number of outstanding Equity Shares was 885,210,866. Post Rights Issue, the number of Equity Shares will be 987,680,002, assuming full subscription. The meeting of the Board of Directors commenced at 08:00 PM (IST) and concluded at 09:40 PM (IST), and the board meeting was adjourned to Friday, May 22, 2026, which includes the appointment of Secretarial Auditor for FY 2025-26 to fill the casual vacancy.
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.