Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'), we are pleased to inform you that Shah Metacorp ....
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Shah Metacorp Limited has entered into a Memorandum of Understanding for strategic association with Strike Eco Grid Private Limited. The company has already acquired a 26% equity stake in Strike Eco for cash consideration as of April 24, 2026. SML intends to provide funding support of up to INR 25 crore, with potential additional funding of up to INR 36 crore in a phased manner within 2 years. The collaboration aims at joint development of renewable energy and infrastructure projects, ESG and sustainability initiatives, and exploring both domestic and international renewable energy opportunities. SML has the right to increase its shareholding in Strike Eco up to 75% subject to due diligence and operational milestones.
This acquisition and strategic JV in renewable energy/infrastructure space represents a meaningful diversification for Shah Metacorp into the ESG sector, with potential upside for shareholders as the company scales its green energy portfolio. The exclusivity clause also protects the investment from competing deals.