4. Re-appoint Mr. Mahendra Shukla (DIN: 09461897) as an Executive Director of the company to fix his remuneration and the details as required in accordance with SEBI Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 ....
SHAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shah Metacorp Limited's Board approved audited consolidated financial results for FY ended March 31, 2026, showing total revenue of Rs. 22,800.80 Lakhs (up from Rs. 17,917.93 Lakhs). Net profit after tax was Rs. 1,213.68 Lakhs versus Rs. 3,260.00 Lakhs in the prior year, impacted by Rs. 2,482.20 Lakhs in exceptional items. The Board also re-appointed Mr. Mahendra Shukla (DIN: 09461897) as Executive Director for a further term, effective immediately and subject to shareholder approval. His prior 3-year term was set to expire on September 30, 2026. The company also re-appointed M/s DDH & Associates as Internal Auditors for FY 2026-27. Key audit emphasis includes trade receivables of Rs. 76.26 Crores from an overseas customer, with a provision for doubtful debts of Rs. 56.89 Crores made, and ongoing settlement negotiations under an MOU.
The re-appointment of Mr. Mahendra Shukla is a routine governance action with no immediate shareholder impact since it requires forthcoming shareholder approval. The financial results show revenue growth but lower profitability due to exceptional items and provisions for doubtful receivables. Shareholders should monitor the recovery of outstanding trade receivables and the proposed Rs. 50 crore Rights Issue.