Promoter converts 65 lakh warrants into equity shares

Warrants ConvertedFund Raising View source PDF Explain this filing

SHAH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹3.35

prior close

₹3.35

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-2.3% vs market

Iron & Steel Products peers, median of 100sector+0.7%-2.2% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.2 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.6

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.8-2.3+0.7-2.2

Next day

-1.5+2.5-4.0+0.9-2.4

-2.1+2.3-4.4+1.5-3.6

-2.1+2.8-4.8+1.6-3.6

-2.7+4.1-6.8+2.0-4.7

-4.2+2.5-6.7+1.7-5.9

-5.4+1.2-6.6+1.3-6.6

15d

-11.3-0.8-10.5-2.1-9.3

-11.3-1.7-9.6-3.1-8.3

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shah Metacorp board on Sept 16, 2026 approved allotment of 65,00,000 equity shares to promoter Mona Viral Shah upon conversion of convertible warrants. Shares issued at Rs. 4.71 each (Re. 1 face value plus Rs. 3.71 premium). Promoter paid Rs. 2.29 crore as balance 75 percent consideration. Paid-up equity capital rose from Rs. 101.98 crore to Rs. 102.63 crore. This was the remaining tranche from 2.40 crore warrants issued on June 26, 2025.

Likely market impact

Small dilution as promoter converts warrants, slightly raising share count. Signals promoter confidence and continued stake build-up.