Wednesday, May 27, 2026, for determining the shareholders who will be eligible to receive the Rights Entitlement
SHAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shah Metacorp Ltd's Board has approved a Rights Issue to raise up to ₹4,980 Lakhs (approximately ₹49.8 crore) by issuing 102.47 million fully paid-up equity shares at ₹4.86 per share (face value ₹1 + premium ₹3.86). The Rights Entitlement ratio is 36 shares for every 311 shares held as of the Record Date of May 27, 2026. The issue opens on June 11, 2026 and closes on June 24, 2026. Existing shareholders can renounce their rights on-market (June 11-22) or off-market. Post-issue, total shares outstanding would increase from 885.2 million to approximately 987.7 million, implying roughly 11.6% dilution assuming full subscription. The company has received in-principle approval from both BSE and NSE.
This is a moderately dilutive rights issue that will increase share count by about 11.6%. Existing shareholders who do not participate will see their ownership percentage reduced. The issue price of ₹4.86 appears significantly discounted versus current market price, which could support uptake but signals the company may need capital urgently.