Shah Metacorp Limited has informed the Exchange regarding Outcome of Board Meeting held on December 29, 2025.
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Shah Metacorp's board has approved a Rights Issue of equity shares (face value Re. 1) for an amount not exceeding Rs. 50 crore, to be offered to existing eligible shareholders. Separately, the board approved investing up to USD 100,000 in its newly formed US subsidiary, Shah Metacorp Holdings USA INC, by subscribing up to 50% of its share capital during FY26 and FY27. The board also modified an existing unsecured loan agreement with promoter and director Mona Viral Shah (currently holding 12.04% stake) by adding a clause allowing conversion of her loan of up to Rs. 75 crore into equity shares under the proposed Rights Issue, subject to shareholder approval via postal ballot.
Existing shareholders may see dilution if they don't fully subscribe to the Rights Issue, and the promoter Mona Shah's stake could rise significantly if her loan is converted into equity. The loan-to-equity conversion is positive for the company's debt-to-equity ratio but increases the promoter's control. The US subsidiary investment diversifies the business but is small in size.