Shah Metacorp Limited has informed the Exchange about Memorandum of Understanding/Agreements
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Shah Metacorp Limited (SML) has entered into an MoU with Strike Eco Grid Private Limited for strategic association in renewable energy and infrastructure. SML has already acquired a 26% equity stake in Strike Eco for cash consideration (completed April 24, 2026). The company plans to provide funding support of up to INR 25 crore, with potential additional funding of up to INR 36 crore over 2 years based on performance. SML has the right to increase its stake in Strike Eco up to 75% in phases, subject to due diligence and operational milestones. The collaboration will focus on joint development of renewable energy and infrastructure projects, ESG, and sustainability sectors, both domestically and internationally.
This acquisition signals Shah Metacorp's strategic entry into the renewable energy sector with a significant capital commitment of up to INR 61 crore. The company gaining control up to 75% stake could substantially expand its business footprint and diversify beyond current operations, which may be positive for long-term growth prospects.