The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mona Viral Shah
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Mona Viral Shah, Director and Promoter of Shah Metacorp Ltd, has disclosed the acquisition of 3,55,00,000 equity shares (4.99%) through the conversion of warrants that were originally issued on a preferential basis on August 2, 2024. Before the acquisition, she held 6,82,06,084 shares (11.48%), and after the allotment her holding rises to 10,37,06,084 shares (16.48%) of the company. The total share capital of Shah Metacorp expands from 59,38,78,676 to 62,93,78,676 shares as a result of this conversion. The allotment was done on June 9, 2025, though the shares are not yet credited and the application is pending with the exchange. No encumbrance or pledge was created on the shares.
This is a positive signal as the promoter is increasing her stake, showing confidence in the company. Her holding crosses the 15% mark, and the 4.99% acquisition just under the 5% creeping acquisition threshold keeps her compliant with SAST norms while strengthening promoter skin in the game.