Shah Metacorp Limited has informed the Exchange regarding Outcome of Committee Meeting held on Jun 28, 2025.
SHAH · price
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Shah Metacorp Limited has approved the allotment of 2,00,00,000 convertible equity warrants to promoter Mona Viral Shah at ₹4.71 per warrant, with 25% consideration (₹2.35 crore) already received. Each warrant can be converted into one equity share within 18 months on payment of the remaining ₹4.71. The company also allotted 1,01,00,000 equity shares to 8 non-promoter allottees at ₹4.71 per share, raising ₹4.76 crore in cash. The allottees include Karni Enterprise (31 lakh shares) and several individuals holding 10 lakh shares each. Total potential capital raise (if all warrants are converted) is about ₹16.07 crore. There is no immediate change in paid-up share capital as the warrants are yet to be converted.
The preferential issue will lead to equity dilution for existing shareholders once warrants are converted. Promoter participation signals confidence in the company's prospects, while fresh capital from non-promoters could strengthen the balance sheet. Investors should watch for the warrant conversion timeline and end-use of funds.