Wednesday, May 27, 2026, for determining the shareholders who will be eligible to receive the Rights Entitlement
SHAH · price
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Shah Metacorp Ltd's board has approved a Rights Issue of 102,469,136 fully paid-up equity shares at ₹4.86 per share (face value ₹1 + premium ₹3.86), raising up to ₹49.8 crore. The Rights Entitlement Ratio is 36 shares for every 311 shares held. Record date is May 27, 2026, with the issue opening on June 11, 2026 and closing on June 24, 2026. Existing share capital of 885.2 million shares will increase to approximately 987.7 million shares assuming full subscription, representing significant dilution. The Letter of Offer will detail the utilisation of funds. The company received in-principle approvals from both BSE and NSE on May 14, 2026.
Existing shareholders receive rights to buy new shares at ₹4.86; non-participation will result in dilution of ownership percentage. The large share issuance (~11.6% increase) may exert short-term downward pressure on the stock price unless the capital is deployed for high-growth purposes.