Shah Metacorp Limited has informed the Exchange regarding ''.
SHAH · price
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Awaiting price reaction for this filing.
Shah Metacorp Limited has received in-principle approval from both BSE (dated June 24, 2025) and NSE (dated June 23, 2025) for a proposed preferential issue at a floor price of Rs. 4.71 per share. The issue comprises three components: (1) 6.65 crore equity shares to non-promoters, (2) 4.40 crore warrants (convertible into equal number of equity shares) to promoters, and (3) 18.93 crore equity shares to promoters and non-promoters pursuant to a share swap. In total, up to ~29.98 crore equity shares and warrants may be issued. The price of Rs. 4.71 is the minimum, with the final price to be determined as per applicable SEBI ICDR regulations. The company must still complete allotment, statutory compliances, and file listing applications within 20 days of allotment.
This is a major dilution event — the preferential issue plus share swap could significantly expand the share count, which may weigh on the stock in the short term due to equity dilution. However, the share-swap component suggests acquisition activity, and promoter participation via warrants signals insider confidence. Shareholders should watch the final issue price and the purpose of the share swap.