Shah Metacorp appointed M/s. Shivam Soni & Co., Chartered Accountants, as its statutory auditor for a five-year term starting from FY27. The board also fixed the date for the company’s 27th Annual General Meeting.

The appointment follows the conclusion of the current term of M/s. Ashok Dhariwal & Co., which will serve until the end of the upcoming AGM. The board approved the new appointment on August 31, 2026, subject to shareholder approval at the general meeting.

Auditor Appointment Details

The new statutory auditor will hold office from the conclusion of the 27th AGM until the conclusion of the 32nd AGM. This covers the financial years 2026-27 through 2030-31.

The firm has exposure as a statutory auditor for listed companies on the BSE Main Board and SME Board. It is conversant with IndAS advisory and implementation.

Secretarial Auditor Appointment

The board also appointed M/s. Murtuza Mandorwala & Associates as the secretarial auditor for a similar five-year term. This firm replaces M/s. Mehul Raval & Associates, whose term ends with the 27th AGM.

AGM Schedule

The company scheduled its 27th Annual General Meeting for September 30, 2026. The meeting will be conducted via video conferencing or other audio-visual means.

• Record Date: September 23, 2026
• E-Voting Start: September 26, 2026, 9:00 am
• E-Voting End: September 29, 2026, 5:00 pm

The board approved the notice and directors' report for the AGM during the same session.

Shah Metacorp has issued a postal ballot notice seeking shareholder approval for key corporate governance changes and a substantial increase in its borrowing capacity. The company aims to raise its borrowing limit under Section 180(1)(c) of the Companies Act, 2013 from ₹300 crore to ₹1,000 crore to fund business expansion and capital expenditure.

The e-voting process for these resolutions will commence on August 28, 2026, at 9:00 am and conclude on September 26, 2026, at 5:00 pm. Members holding shares as on the cut-off date of August 21, 2026, are eligible to vote electronically through the National Securities Depository Limited (NSDL) platform.

Director Appointments and Leadership Changes

The postal ballot notice includes resolutions for the appointment of three directors:

• Mr. Mahendra Shukla: Proposed for appointment as Whole-Time Director and Executive Director for five years, effective July 21, 2026. His remuneration is capped at ₹10 lakh per month.
• Mr. Viral Mukund Shah: Proposed for appointment as Executive Director for five years, effective July 21, 2026. His current tenure as CEO concludes on July 20, 2026. His remuneration is also capped at ₹10 lakh per month.
• Mr. Sajjankumar Nanwal: Proposed for appointment as an Independent Director for five consecutive years, effective July 21, 2026.

Financial Powers and Related Party Transactions

In addition to borrowing limits, the company seeks approval for:

• Authorizing the Board to make loans, give guarantees, and make investments in other bodies corporate up to ₹1,000 crore under Section 186 of the Companies Act, 2013.
• Creating mortgages or charges on company assets to secure borrowings.
• Approving material related party transactions (RPTs) with various group entities and promoters for FY27.

Related Party Transaction Details

The company seeks omnibus approval for RPTs with several entities, including Shah Agrocorp Private Limited, Ms. Mona Viral Shah, and Metcorp Trading LLC. The aggregate value of transactions with each of these parties is capped at ₹800 crore for FY27. Transactions with Long View Financial Services Private Limited are capped at ₹200 crore.

All proposed transactions are stated to be on an arm's length basis and in the ordinary course of business. The Audit Committee has reviewed and approved these transactions prior to placing them before shareholders.

What the Numbers Show

The proposed increase in the borrowing limit from ₹300 crore to ₹1,000 crore represents a more than threefold expansion in the company's authorized debt capacity. This significant hike, coupled with the authorization to provide guarantees and loans up to ₹1,000 crore under Section 186, signals a strategic shift towards leveraging debt for growth initiatives or supporting group entities. The simultaneous approval of high-value related party transactions suggests a tightly integrated operational structure where inter-company funding and trade play a central role.