Shah Metacorp Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 26, 2025.
SHAH · price
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Shah Metacorp's Board of Directors, at a meeting held on June 26, 2025, approved two preferential allotments. First, 2.4 crore convertible equity warrants (out of 4.4 crore approved) were allotted to promoter and Director Mona Viral Shah at ₹4.71 per warrant, with ₹2.83 crore (25%) already received as upfront consideration. The remaining ₹8.48 crore is due within 18 months upon warrant conversion, and this does not change the current paid-up share capital. Second, 1.11 crore equity shares were allotted to 7 non-promoter allottees at ₹4.71 per share, raising ₹5.23 crore in cash, with Karni Enterprise being the largest allottee at 51 lakh shares. The allotments follow EGM approval from March 5, 2025, and in-principle approvals from BSE (June 24) and NSE (June 23).
The company is raising capital from both promoter and non-promoter investors at ₹4.71 per share/warrant, with the promoter participation signalling confidence. However, the full conversion of warrants into equity shares over the next 18 months will dilute existing shareholders, and the equity allotment increases the share count immediately. Shareholders should monitor future share price action and any further dilution from warrant conversions.