Shah Metacorp Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
SHAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shah Metacorp's board approved Q1 FY26 (June 30, 2025) results with standalone revenue from operations falling sharply to Rs. 28.90 crore from Rs. 44.88 crore a year ago, while standalone profit after tax dropped to Rs. 2.53 crore versus Rs. 23.27 crore (which had included Rs. 24.82 crore of exceptional items). Consolidated PAT stood at Rs. 2.49 crore. The board approved raising authorised share capital from Rs. 110 crore to Rs. 130 crore (amending the MOA) and appointed M/s. R J & Associates as Cost Auditor for FY26. It also cleared related-party transactions with promoter group companies and CEO Viral Shah's remuneration, both subject to shareholder approval. The 26th AGM is set for September 30, 2025 via video conferencing. The auditor flagged Rs. 88.82 crore of long-pending trade receivables (with Rs. 63.97 crore already provided for as doubtful), recent preferential allotments of 3.04 crore shares and 4.40 crore warrants at Rs. 4.71 each, and post-quarter acquisitions of 85.6% in General Capital and 80% in a UAE-based trading entity via share swap.
Mixed-to-negative for shareholders: core Q1 revenues and profits declined meaningfully year-on-year, and the sizeable doubtful receivables remain a key risk. On the other hand, the capital raise, fresh preferential allotments, and overseas acquisition signal growth ambitions but will dilute existing shareholders and depend on successful integration. Watch the AGM for approvals on related-party transactions and CEO remuneration.