Shah Metacorp Ltd. Clarifies Rights Issue Timeline, Opens June 11 for ₹498 Crore Issue
Shah Metacorp Limited clarified its Rights Issue timeline. The issue opens on June 11, 2026, and closes on June 24, 2026, for up to ₹498 Crore. The record date is May 27, 2026. The issue price is ₹4.86 per share, offering 36 shares for every 311 held.
The clarification of the Rights Issue timeline is important for investors to accurately plan their participation. The size of the issue (₹498 Crore) is material and affects the company's capital structure and potential dilution.
The announcement is a clarification of an existing rights issue timeline with no new material information that would positively or negatively impact the company's outlook. It rectifies a minor error in the previously disclosed schedule.
Shah Metacorp Limited has provided a clarification and rectification regarding the timeline for its proposed Rights Issue. The Board of Directors, in a meeting held on May 21, 2026, approved the detailed schedule. A minor error in the initial timeline led to the issuance of a rectified timeline, superseding the previous one where applicable.
There are no material discrepancies or deviations from earlier disclosures. The Rights Issue involves 102,468,139 fully paid-up Equity Shares of face value ₹1 each, aggregating up to ₹4980 Lakhs (₹498 Crore) assuming full subscription. The Rights Issue Price is fixed at ₹4.86 per share, including a premium of ₹3.86.
The Record Date for determining eligible shareholders is Wednesday, May 27, 2026. The Rights Entitlement Ratio is set at 36 Rights Equity Shares for every 311 Equity Shares held as of the Record Date. The Rights Issue will open on Thursday, June 11, 2026, which also marks the start of the on-market renunciation period. The on-market renunciation period will end on Friday, June 19, 2026. Eligible shareholders must ensure off-market renunciation is completed such that rights entitlements are credited to the renounces' demat account on or prior to the Issue closing date.
The Rights Issue is scheduled to close on Wednesday, June 24, 2026. The Board of Directors or the Rights Issue Committee reserves the right to extend the closing date, provided the Issue Period does not exceed 30 days from the opening date. The International Securities Identification Number (ISIN) for the Rights Entitlement is INE482J20021. Prior to the Rights Issue, the company has 88,52,10,866 Equity Shares outstanding, which will increase to 98,76,79,005 Equity Shares post-Rights Issue, 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.