Shah Metacorp Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SHAH · price
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Shah Metacorp Limited filed a statement under SEBI Regulation 32 confirming no deviations or variations in the use of proceeds. The company had issued 24 million convertible warrants on June 26, 2025, and 20 million convertible warrants on June 28, 2025, all to Ms. Mona Shah, who is a promoter and Director. These warrants remain pending for conversion as of the filing date. No funds were actually raised during the quarter ending March 31, 2026, and there are no funds pending for utilization. This is essentially a nil disclosure confirming compliance with regulatory requirements.
This is a routine regulatory filing with no immediate impact on shareholders. The pending conversion of warrants to equity shares will eventually dilute existing shareholders, but the actual capital infusion has not yet materialized.