Shah Metacorp Limited has informed the Exchange regarding Outcome of Board Meeting held on December 29, 2025.
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Shah Metacorp Limited's board, meeting on December 29, 2025, approved a Rights Issue of fully paid-up equity shares (face value Re. 1) for an amount not exceeding Rs. 50 Crore to existing eligible shareholders. The exact issue price, entitlement ratio and record date will be decided later by the Rights Issue Committee. Separately, the board modified an existing unsecured loan agreement (up to Rs. 75 Crore) with promoter and director Mona Viral Shah to add a clause allowing conversion of that loan into equity shares under the proposed Rights Issue, subject to shareholder approval via postal ballot. The board also approved investing up to USD 100,000 (about Rs. 1 Crore) in Shah Metacorp Holdings USA INC by subscribing to up to 50% of its share capital, plus a related-party working capital loan of up to Rs. 100 Crore to that US entity. A postal ballot scrutinizer has been appointed to seek shareholder consent for these steps.
Existing shareholders may need to contribute fresh capital to maintain their stake, and the promoter loan conversion could materially shift the shareholding pattern in favor of the promoter group. While debt-to-equity is expected to improve on conversion, shareholders should watch for equity dilution, changes in voting power, and the final pricing and entitlement ratio of the Rights Issue once announced.