Shah Metacorp Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2026, has decided to issue equity shares on rights basis in the ratio of 36 : 311, i.e 36 Equity Shares for every 311 Equity Shares held. Issue Price is Rs. 486 per share.
SHAH · price
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Shah Metacorp Limited's Board has approved a rights issue of 102,469,136 fully paid-up equity shares at Rs 4.86 per share (including Rs 3.86 premium), raising up to Rs 4,980 Lakhs. Existing shareholders will receive 36 rights shares for every 311 shares held as on the record date of May 27, 2026. The issue opens on June 11, 2026 and closes on June 24, 2026. Assuming full subscription, the company's equity share capital will increase from approximately 885.2 million shares to 987.7 million shares.
Existing shareholders receive the right to purchase additional shares at a fixed price, which can dilute their ownership percentage if they do not participate. The significant capital raise may improve the company's financial position but will dilute per-share metrics.