Shah Metacorp Limited has informed the Exchange that Record date for the purpose of Rights is 27-May-2026.
SHAH · price
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.7 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shah Metacorp Limited's Board has approved a Rights Issue of 102,469,136 fully paid-up equity shares at ₹4.86 per share (including ₹3.86 premium), aggregating up to ₹4,980 Lakhs. The rights entitlement ratio is 36 shares for every 311 shares held, with a record date of May 27, 2026. The issue opens on June 11, 2026 and closes on June 24, 2026. Post-issue, total equity shares will increase from 88.52 crore to approximately 98.77 crore assuming full subscription. The company has received in-principle approval from both BSE and NSE.
Existing shareholders will receive rights entitlement and can participate in the issue or renounce their rights. The significant dilution (11.58% increase in shares) will impact per-share metrics and shareholder percentageholdings unless shareholders subscribe to maintain their stake.