Shah Metacorp Board Approves ₹49.80 Million Rights Issue at ₹4.86 Per Share
Shah Metacorp's board approved a rights issue of 102,469,136 equity shares at ₹4.86 per share, totaling up to ₹4980 Lakhs. The record date is May 27, 2026, with an entitlement 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 can have a moderate impact on the company's financials and shareholder equity.
The announcement outlines a fundraising activity that can help the company's growth and expansion plans.
The Board of Directors of Shah Metacorp Limited approved the issuance of equity shares on a rights basis for an amount not exceeding ₹4980 Lakhs. This decision was made during their meeting on May 21, 2026, following in-principle approvals from BSE Limited and National Stock Exchange of India Limited, both dated May 14, 2026. The rights issue will be conducted in accordance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This was discussed in the meeting which started at 08:00 PM (IST) and concluded at 09:40 PM (IST). The board meeting has been adjourned to Friday, May 22, 2026, to discuss the appointment of the Secretarial Auditor for FY 2025-26. The same will be available on the website of the Company at www.shahmetacorp.com. You are requested to kindly take note of the same. Thanking you, Yours sincerely, For SHAH METACORP LIMITED.
The rights issue includes 102,469,136 fully paid-up equity shares with a face value of ₹1 each. The rights issue price is set at ₹4.86 per equity share, including a premium of ₹3.86 per share, payable fully on application. The record date to determine 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, with the on-market renunciation period starting the same day and ending on Monday, June 22, 2026. Off-market renunciation requires completion such that rights entitlements are credited to the renounces' demat account by the issue closing date, which is Wednesday, June 24, 2026. The board retains the right to extend the issue closing date, but the issue period will not exceed 30 days from the opening date. The ISIN for the Rights Entitlement is INE482J20021. Prior to the rights issue, the number of outstanding equity shares was 885,210,866. Post-rights issue, this number is expected to be 987,680,002, assuming full subscription.
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.