Shah Metacorp Limited has informed the Exchange about General Updates
SHAH · price
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Shah Metacorp Limited has announced a Rights Issue of up to Rs. 49.80 crore at Rs. 4.86 per share, comprising 10.24 crore fully paid-up equity shares. The issue opens on June 11 and closes on June 24, 2026, with a record date of May 27, 2026 and an entitlement ratio of 36:311. Separately, the company has completed acquisition of a 26% stake in Strike Eco Grid Private Limited, marking its entry into the renewable energy sector. The Board has also approved investment in a new wholly-owned US subsidiary, Shah Metacorp Holdings USA INC, for international expansion. Q3 FY26 revenue stood at around Rs. 149 crore with PAT of approximately Rs. 4 crore, and Q4FY26 results are expected to be announced later this month. The company's shares were trading at around Rs. 5.09 on May 23, 2026, slightly above the issue price of Rs. 4.86.
The rights issue is slightly dilutive at a discount to market price, but the proceeds and strategic moves into renewable energy and US expansion could strengthen long-term shareholder value if execution is successful.