SHAH · price
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Shah Metacorp's Board of Directors met on May 22, 2026 and approved several key items. The board corrected a typographical error in the total number of Rights Equity Shares (102,468,139 instead of 102,469,136). A new secretarial auditor, M/s. Mehul Raval & Associates (Mehul K. Raval), was appointed replacing M/s. K Jatin & Co. which resigned. The company completed its 26% investment in Strike Eco Grid Private Limited and may increase it to 75% in phases, with potential Rs. 25 crore funding for solar and renewable energy projects. Additionally, the board approved investment of up to USD 200,000 in Shah Metacorp Holdings USA INC (a newly registered Delaware subsidiary) during FY2026-27 and FY2027-28, along with a $200,000 inter-corporate loan for working capital.
The company is diversifying into renewable energy (solar EPC, captive power) and international markets through its new US subsidiary, indicating strategic expansion beyond core business. Shareholders should note the capital commitments and new business risks associated with these investments.