Shah Metacorp Limited has informed the Exchange regarding Outcome of Board Meeting held on May 21, 2026.
SHAH · price
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.7 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shah Metacorp Limited's Board has approved a Rights Issue of 102,469,136 fully paid-up equity shares at ₹4.86 per share (including ₹3.86 premium), aggregating up to ₹4,980 Lakhs. The rights entitlement ratio is 36 shares for every 311 shares held, with record date set for May 27, 2026. The issue opens on June 11, 2026 and closes on June 24, 2026. Post issue, total equity shares will increase from 885,210,866 to 987,680,002 assuming full subscription, representing approximately 11.57% dilution for existing shareholders.
Existing shareholders will face dilution of around 11.57% unless they participate in the rights issue. The company will raise up to ₹49.8 crore through this capital raise. The Rights Issue Price of ₹4.86 represents a significant premium over the face value of ₹1.