Shah Metacorp Limited has informed the Exchange about Corrigendum to the EGM notice
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Shah Metacorp has issued a corrigendum to its earlier EGM notice, fixing minor errors. The number of equity shares proposed under Resolution No. 02 has been slightly revised downward from 18,93,32,229 to 18,93,32,190 (a reduction of 39 shares). The lock-in clause for allottees' pre-preferential holdings has been corrected to align with SEBI's ICDR rules, now pegged to 90 trading days from the date of allotment (previously from trading approval). The corrigendum also adds the consolidated shareholding pattern on a fully diluted basis after the preferential issue of shares and warrants, and provides a direct link to the valuation report. The underlying issue involves equity shares allotted as non-cash consideration for acquiring stakes in investee companies.
This is a procedural correction with no material change to the preferential issue. The minor reduction in share count and correction of lock-in terms reduce compliance risk for the company but do not meaningfully alter shareholder value or dilution impact.