Shah Metacorp Limited has informed the Exchange regarding Appointment of Mahendra Sh as Executive Director of the company w.e.f. May 26, 2026.
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Shah Metacorp Limited reported its Board Meeting outcomes on May 26, 2026. The company approved audited consolidated financial results for FY2026 with total revenue of Rs 22,800.80 Lakhs, down from Rs 17,917.93 Lakhs in FY2025, and consolidated profit after tax of Rs 1,213.68 Lakhs compared to Rs 3,260 Lakhs in the previous year. The board also re-appointed Mr. Mahendra Shukla (DIN: 09461897) as Executive Director with immediate effect, subject to shareholder approval in the ensuing General Meeting. His current term was set to expire on September 30, 2026. The company also re-appointed M/s DDH & Associates as Internal Auditors for FY2026-27. The auditors issued unmodified opinions on both standalone and consolidated results. Key notes include Rs 76.26 Crores outstanding trade receivables from an overseas customer with Rs 56.89 Crores provision created, and the ongoing Rs 50 crore Rights Issue process.
The re-appointment of Mahendra Shukla as Executive Director maintains leadership continuity but is a routine governance item. The significant drop in profitability (down 63% YoY) may raise concerns among investors. The large provision against doubtful debts highlights recovery risks on export receivables.