Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') (as amended) read with ....
SHAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shah Metacorp Ltd has received in-principle approval from both BSE and NSE for a proposed rights issue of fully paid-up equity shares. The issue size is up to Rs. 4,980 lakhs (approximately Rs. 49.8 crore). Each equity share has a face value of Re. 1, with the issue price including a premium to be determined. The exact number of shares, price per share, and ratio for eligible shareholders are yet to be finalized. The company must fix a record date with at least 3 working days advance notice to the exchanges, and disclose the rights issue price prior to the record date. Both exchanges have granted approval subject to compliance with statutory requirements and listing formalities.
This rights issue will dilute existing shareholder holdings as new shares are issued to eligible equity shareholders. The Rs. 4,980 lakh capital raise could support company growth or financial restructuring, but the exact use of proceeds is not specified in this filing.