Wednesday, May 27, 2026, for determining the shareholders who will be eligible to receive the Rights Entitlement

Fund Raising View source PDF Explain this filing

SHAH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹5.24

prior close

₹5.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-3.1% vs market

Iron & Steel Products peers, median of 97sector+0.7%-3.7% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.3

15m

-1.1

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.1+0.1-3.1+0.7-3.7

Next day

+0.4+1.7-1.3+1.6-1.3

-0.8+2.4-3.2+0.8-1.6

+1.1+2.4-1.2+1.4-0.3

-4.2+1.7-5.9+0.6-4.8

-6.7+0.6-7.3-0.3-6.4

+1.1+1.9-0.8+0.2+1.0

15d

-5.9+4.9-10.8+1.4-7.3

-12.6+8.9-21.5+3.6-16.2

-17.0+7.5-24.5-0.1-16.9

-23.9+13.6-37.4+2.1-25.9

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.