Shah Metacorp Limited has informed the Exchange regarding allotment of 11500000 securities pursuant to Preferential Issue at its meeting held on July 03, 2025
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Shah Metacorp Limited has allotted 1,15,00,000 equity shares at ₹4.71 per share to three non-promoter allottees, raising approximately ₹5.42 crore in cash. The largest allottee is Karni Enterprise (65 lakh shares, ₹3.06 crore), followed by Savitaben Vaghani (25 lakh shares, ₹1.18 crore) and Bhupendra L Patel (25 lakh shares, ₹1.18 crore). This is part of a larger preferential issue of up to 6.65 crore shares approved earlier. Post-allotment, Karni Enterprise's holding rises from 2.50% to 3.42%, while the other two become new shareholders with 0.37% each.
Existing shareholders face dilution as new shares are issued, though the capital raise is modest at around ₹5.42 crore. Karni Enterprise consolidates its position as a significant non-promoter shareholder, which may be monitored for potential activist or strategic influence going forward.