Shah Metacorp allots 2.75 cr shares to promoter on warrant conversion

Warrants ConvertedFund Raising View source PDF Explain this filing

SHAH · price

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

-0.8%Reaction day

₹3.54

prior close

₹3.58

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-0.9% vs market

Iron & Steel Products peers, median of 100sector-0.7%-0.1% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.1 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

-2.0

10m

-1.7

15m

-2.2

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.1-0.9-0.7-0.1

Next day

-4.5-3.2-1.4-3.1-1.4

-5.4-3.3-2.1-3.3-2.0

-6.8-2.5-4.3-2.5-4.3

-6.8-0.9-5.9-1.5-5.2

-7.3-1.1-6.3-1.9-5.5

-7.9+0.6-8.6-0.8-7.1

15d

-12.4-1.4-11.0-3.4-9.1

-16.1-3.3-12.8-3.4-12.7

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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 allotted 2.75 crore equity shares at Rs. 4.71 each (Re. 1 face value plus Rs. 3.71 premium) to promoter-director Ms. Mona Viral Shah upon conversion of warrants issued on preferential basis in June 2025. Promoter paid balance 75 percent consideration of Rs. 3.5325 per warrant totaling Rs. 9.71 crore. Paid-up capital rose to Rs. 101.99 crore from Rs. 99.24 crore. 65 lakh warrants still pending conversion.

Likely market impact

Promoter increasing stake via warrant conversion shows confidence. Minor dilution. 65 lakh warrants still pending conversion may add more shares later.