Shah Metacorp Limited has informed the Exchange regarding Appointment of Mr as Other of the company w.e.f. August 12, 2025.
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Shah Metacorp's board approved unaudited Q1 FY26 results (quarter ended June 30, 2025). Standalone revenue from operations fell to Rs. 28.90 crore from Rs. 44.88 crore a year earlier, while net profit stood at Rs. 2.53 crore (vs Rs. 23.27 crore, which included a Rs. 24.82 crore exceptional item). EPS was Rs. 0.04. The auditor flagged long-outstanding trade receivables of Rs. 88.82 crore, with Rs. 63.97 crore already provided for as doubtful. The board also cleared a Rs. 20 crore increase in authorized share capital (from Rs. 110 crore to Rs. 130 crore), appointed R J & Associates as cost auditor for FY26, and fixed the 26th AGM for September 30, 2025 via video conferencing. The company issued 3.04 crore shares to non-promoters and 4.4 crore convertible warrants to promoters at Rs. 4.71 each, and acquired an 85.6% stake in General Capital and Holding Company and 80% in Metacorp Trading LLC via a share swap.
Shareholders should note the sharp year-on-year drop in operating revenue, the large doubtful receivables overhang, and continued dilution through preferential allotments and warrants to promoters at low prices. The related party transactions, including CEO Mr. Viral Shah's remuneration being routed as a 'Place of Profit' and proposed deals with promoter group companies, will require member approval at the upcoming AGM and may attract governance scrutiny.