2. The Board considered and approved the appointment of M/s. Mehul Raval & Associates, Practicing Company Secretary (Certificate of Practice No. 10500, Peer Review Certificate No. 3765/2023) ....
SHAH · price
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The Board of Shah Metacorp Ltd approved five key items in its meeting on May 22, 2026. First, it corrected a typographical error in the total number of Rights Equity Shares (now 102,468,139). Second, it appointed M/s. Mehul Raval & Associates as Secretarial Auditor for FY 2025-26, replacing M/s. K Jatin & Co which resigned. Third, the company confirmed completion of a 26% investment in Strike Eco Grid Private Limited and indicated it may increase this to 75% in phases, with up to Rs. 25 crore funding for solar and renewable projects. Fourth, it approved investing up to USD 200,000 (approx. Rs. 1.7 crore) in Shah Metacorp Holdings USA INC, a newly incorporated Delaware entity led by the Promoter/CEO, to be deployed during FY 2026-27 and FY 2027-28. Fifth, an inter-corporate loan of $200,000 was approved as working capital for the US subsidiary.
The company is diversifying into renewable energy and overseas operations, deploying modest capital (~$400,000 combined for equity and loan) in new subsidiaries. The renewable energy investment direction signals strategic expansion but carries execution risk. Shareholders should note the related-party dimension of the US investment via the promoter-led entity.