Shah Metacorp Limited has informed the Exchange regarding Outcome of Board Meeting held on May 22, 2026.
SHAH · price
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The board corrected a typographical error in the total number of Rights Equity Shares (reduced by 1,997 shares to 102,468,139). It appointed M/s. Mehul Raval & Associates as Secretarial Auditor for FY 2025-26, replacing resigned firm K Jatin & Co. The company completed its previously announced 26% investment in Strike Eco Grid Private Limited and may increase this to 75% in phases; it also approved funding support up to Rs. 25 crore for solar and renewable infrastructure projects. Separately, the board approved investing up to USD 200,000 in Shah Metacorp Holdings USA INC (registered in Delaware in March 2026, not yet operational) and providing an unsecured inter-corporate loan of $200,000 to the same entity. The US subsidiary will focus on hospitality, technology, and stainless-steel trading.
The company is diversifying into renewable energy and overseas business through a US subsidiary where the CEO (Viral Mukund Shah) is a director, creating a related-party dimension that investors should monitor. No immediate stock price impact expected, but strategic direction signals long-term expansion intent.