CEO steps down; promoter gets 1Cr shares via warrant conversion
SHAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shah Metacorp announced a board reshuffle effective July 20 to 21, 2026. Mr. Viral Shah resigned as CEO but continues as Executive Director. Mr. Mahendra Shukla was redesignated as Whole-time Director and KMP for 5 years. Mr. Nanwal Sajjankumar joined as Non-Executive Independent Director for 5 years. Separately, 1 crore equity shares were allotted to promoter and director Ms. Mona Viral Shah at Rs. 4.71 each on conversion of warrants, taking paid-up equity capital to about Rs. 99.24 crore. A postal ballot is planned to seek shareholder approval.
Promoter family stays in control of the board. No dilution for public shareholders; minor equity expansion via promoter warrant conversion. Watch postal ballot outcome.