Promoter Mona Viral Shah acquires 2.75 cr shares via warrant conversion

Promoter bought stakeOwnership Changes 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

-3.7%Reaction day

₹3.51

prior close

₹3.45

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.3%-0.4% vs market

Iron & Steel Products peers, median of 102sector-2.7%-1.0% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 1.0 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

-2.9

10m

-2.3

15m

-2.3

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.7-3.3-0.4-2.7-1.0

Next day

-4.6-3.4-1.2-2.8-1.8

-6.0-2.6-3.4-2.0-3.9

-6.0-1.0-5.0-0.5-5.5

-6.6-1.2-5.4-1.6-4.9

-6.6-0.7-5.8-1.2-5.4

-8.5-1.0-7.6-0.8-7.8

15d

-14.2-1.7-12.5-4.4-9.8

-13.1-4.1-9.0-6.0-7.1

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 102Pending

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

AI summary

Mona Viral Shah, a promoter of Shah Metacorp, acquired 2.75 crore equity shares by exercising conversion rights on warrants issued on a preferential basis in June 2025. Her individual stake rose from 14.94% to 17.23%. Total promoter group holding stands at 32.51% on a diluted basis. The allotment was board-approved on 10 September 2026, raising total equity from 99.24 crore to 102 crore shares. No encumbrance or pledge changes were reported.

Likely market impact

Signals promoter confidence via warrant conversion; about 2.7% dilution for existing shareholders from the new allotment.