Shah Metacorp Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 26, 2025.
SHAH · price
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Shah Metacorp Limited's Board of Directors, at its meeting on June 26, 2025, approved two preferential allotments. First, 2.4 crore convertible equity warrants (out of 4.4 crore approved) were allotted to promoter Mona Viral Shah at ₹4.71 per warrant, with 25% consideration (₹2.82 crore) already received and the balance 75% (₹8.47 crore) due within 18 months on conversion. Since these are warrants, there is no immediate change in paid-up share capital. Second, 1.11 crore equity shares were allotted to seven non-promoter allottees at ₹4.71 per share, raising ₹5.22 crore in cash. The largest non-promoter allottee is Karni Enterprise with 51 lakh shares, while the remaining six individuals received 10 lakh shares each.
The company is raising capital from promoter and select non-promoter investors at a fixed price of ₹4.71 per share. The warrant allotment strengthens promoter commitment but will dilute existing shareholders when converted in the future, while the immediate equity allotment will lead to share capital expansion. Shareholders should watch for potential dilution and any future announcements regarding warrant conversion.