Shah Metacorp Limited has entered into a strategic partnership with Strike Eco Grid Private Limited to expand into the renewable energy and sustainable infrastructure sectors effective May 25, 2026. The company has acquired a 26% equity stake in Strike Eco Grid Private Limited for cash consideration and plans to increase this shareholding up to 75% in a phased manner. This move marks Shah Metacorp's entry into solar EPC, captive and open-access power projects, and ESG-related businesses, aiming to build a long-term presence in the clean energy space.

Investment and Funding Structure

The initial equity investment of 26% was completed for cash consideration as of April 24, 2026. Shah Metacorp Limited retains the right to increase its stake to 75% subject to due diligence, operational milestones, and definitive agreements. To support these initiatives, the company intends to provide project funding support of up to ₹25 crore. Additionally, Shah Metacorp may arrange further funding support of up to ₹36 crore within two years, contingent upon business performance, bringing the total potential financial commitment to ₹61 crore.

Strategic Collaboration and Market Expansion

The collaboration targets joint development of solar power generation projects, renewable infrastructure, and opportunities in carbon credit advisory, ESG consulting, energy storage, and green hydrogen. Both companies will explore opportunities across government, institutional, and international renewable energy markets. Mr. Viral Shah, Chief Executive Officer of Shah Metacorp Limited, stated that the association allows the company to participate in emerging segments like solar power and open-access projects in a structured manner while expanding into next-generation energy businesses.

Financial Performance and Outlook

In Q3 FY26, Shah Metacorp reported revenue of around ₹149 crore and a Profit After Tax (PAT) of ₹4 crore. The company expects to announce its Q4 FY26 financial results later this month, with indications of continued strong performance supported by improving operational metrics and business expansion initiatives.

Shah Metacorp Limited's Board of Directors formally approved a strategic equity investment of Rs. 52,000 to acquire a 26% stake in Strike Eco Grid Private Limited during their meeting held on April 23, 2026. The investment represents the company's expansion into the renewable energy sector through acquisition of 5,200 equity shares at face value of Rs. 10 each.

Investment Structure and Timeline

The Board approved the equity investment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with completion scheduled on or before May 15, 2026. The investment will be executed through cash consideration in one or multiple tranches.

Target Company Profile

Strike Eco Grid Private Limited (CIN: U43222GJ2025PTC164979) was incorporated on July 7, 2025, under the Companies Act, 2013. The company operates in the Power and Renewable Energy Industry with business activities encompassing Solar EPC (Engineering, Procurement, and Construction), Power Generation, and ESG (Environmental, Social, and Governance) Services.

Strategic Benefits and Rationale

The acquisition is designed to provide Shah Metacorp with captive solar power benefits, enabling significant reduction in high operational costs. The strategic investment is expected to create operational and supply chain synergies, enhancing overall business efficiency in the renewable energy sector.

Regulatory Compliance and Transaction Structure

The acquisition does not constitute a related party transaction, with no promoter, promoter group, or group companies having any interest in Strike Eco Grid Private Limited. The company may also provide loans to meet working capital requirements through cash consideration.

The Board meeting concluded at 5:30 p.m., and the investment decision was made in compliance with SEBI Master Circular dated January 30, 2026. This strategic move positions Shah Metacorp to leverage sustainable energy solutions while optimizing operational costs through captive solar power generation.