Shah Metacorp allots 65 lakh 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

-1.5%Reaction day

₹3.35

prior close

₹3.35

announcement price

After-mkt

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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

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10m

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15m

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30m

-0.3

Sessions after the filingfrom the prior close

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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 at Rs. 4.71 each (Re. 1 face value plus Rs. 3.71 premium) to promoter-director Ms. Mona Viral Shah. Shares issued upon conversion of convertible warrants from the 2.40 crore warrants originally allotted on June 26, 2025. Balance 75 percent consideration of about Rs. 2.30 crore received. Paid-up equity capital rose from around 101.99 crore shares to 102.64 crore shares. No warrants now pending conversion.

Likely market impact

Minor dilution for existing shareholders; promoter stake rises as convertible warrants turn into equity shares.