Announced Thu, 16 Jul · 20:01 IST
Board reshuffles leadership, allots 1 crore shares to promoter Mona Shah
SHAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-5.0%1-day move
₹4.58
prior close
₹4.61
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-1.3-1.1-1.3-5.0-4.8-5.0+3.7-5.0—————
Up moveDown movePending
AI summary
Shah Metacorp reshuffled leadership. Mr. Viral Shah resigned as CEO on July 20 and was reappointed as Executive Director from July 21. Mr. Mahendra Shukla was redesignated as Whole-time Director for 5 years. Mr. Nanwal Sajjankumar joined as Independent Director. Separately, 1 crore equity shares were allotted to promoter Ms. Mona Shah at Rs. 4.71 each (Rs. 3.53 crore) on warrant conversion. Paid-up capital rose to Rs. 99.24 crore.
Likely market impact
Leadership realignment as CEO moves to Executive Director role. Promoter warrant conversion raises share count and strengthens promoter holding.