1. There was typographical error in Total number of Rights Equity Shares and read it as 102,468,139 shares instead 102,469,136. 2. The Board considered and approved the appointment of ....
SHAH · price
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Shah Metacorp Ltd's Board met on May 22, 2026 and approved: (1) a typographical error correction in the total number of Rights Equity Shares from 102,468,139 to 102,469,136; (2) appointment of M/s. Mehul Raval & Associates as Secretarial Auditor for FY 2025-26, filling a casual vacancy caused by the resignation of M/s. K Jatin & Co; (3) confirmation that the 26% investment in Strike Eco Grid Private Limited has been completed, with plans to potentially increase to 75% and commit up to Rs. 25 crore for renewable energy projects; (4) investment of up to USD 200,000 in Shah Metacorp Holdings USA INC over FY 2026-27 and FY 2027-28; (5) an unsecured inter-corporate loan of $200,000 to the US subsidiary for working capital. Viral Mukund Shah, Promoter and CEO, is the initial Director of the US entity.
The secretarial auditor change fills a compliance gap and appears routine. The strategic investments in renewable energy (Strike Eco Grid) and the US subsidiary (Shah Metacorp Holdings USA INC) signal business diversification intent, though no material impact on stock price is expected from these announcements.