Clarification and Rectification in the Rights Issue Timeline with reference to Intimation of Outcome of Board Meeting dated May 21, 2026 and May 22, 2026 under Regulation 30 of SEBI (Listing ....
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Shah Metacorp Ltd has issued a clarification correcting minor errors in the timeline for its proposed Rights Issue, originally approved by the Board on May 21, 2026. The company clarified there is no material discrepancy from earlier disclosures. The Rights Issue involves issuing 102,468,139 fully paid-up equity shares of face value ₹1 each at a price of ₹4.86 per share (including ₹3.86 premium), aggregating up to ₹4,980 Lakhs assuming full subscription. The rights entitlement ratio is 36 shares for every 311 shares held as of the record date (May 27, 2026). The issue opens on June 11, 2026 and closes on June 24, 2026. Post-issue share capital will increase from 88,52,10,866 to approximately 98,76,79,005 equity shares assuming full subscription.
The Rights Issue will dilute existing shareholders by approximately 11.6% if fully subscribed. Shareholders should note the record date has already passed (May 27, 2026) and the issue window is approaching.