Shah Metacorp clarifies rights issue timeline, record date May 27
Shah Metacorp clarified the timeline for its ₹4,980 lakh rights issue, confirming the record date as May 27, 2026, and issue dates from June 11 to June 24, 2026. The issue involves 102,468,139 shares at ₹4.86 each.
*this image is generated using AI for illustrative purposes only.
Shah Metacorp Limited has issued a clarification regarding the timeline for its proposed rights issue of equity shares aggregating up to ₹4,980 lakh. The company confirmed Wednesday, May 27, 2026, as the record date to determine shareholder eligibility for the issue. The rights issue aims to raise capital through the issuance of fully paid-up equity shares at a price of ₹4.86 per share, including a premium of ₹3.86 per share.
Rights Issue Terms
The board approved the issuance of 102,468,139 rights equity shares on a fully paid-up basis. The entitlement ratio is set at 36 rights equity shares for every 311 fully paid-up equity shares held by eligible shareholders as on the record date. The International Securities Identification Number (ISIN) for the Rights Entitlement is INE482J20021.
| Parameter | Details |
|---|---|
| Rights Issue Price | ₹4.86 per share |
| Issue Size | ₹4,980 lakh |
| Record Date | May 27, 2026 |
| Issue Opening Date | June 11, 2026 |
| Issue Closing Date | June 24, 2026 |
| Rights Entitlement Ratio | 36:311 |
Timeline and Renunciation
The on-market renunciation period for trading rights entitlements commences on June 11, 2026, and concludes on June 19, 2026. Shareholders opting for off-market renunciation must ensure the rights entitlements are credited to the demat account of the transferee on or prior to the issue closing date. The Board of Directors or the Rights Issue Committee retains the right to extend the issue closing date, subject to the issue period not exceeding 30 days from the issue opening date. The outstanding equity shares prior to the issue are 88,52,10,866, which will increase to 98,76,79,005 assuming full subscription.
Financial Context
For the financial year ended March 31, 2026, Shah Metacorp reported a Profit After Tax (PAT) of ₹12.14 crore, a decline of 62.8% compared to the previous year. Revenue from operations increased 27.2% to ₹2,080 crore. The board also approved the re-appointment of Mr. Mahendra Shukla as an Executive Director and M/s. DDH & Associates as the Internal Auditor for the financial year 2026-27.
Historical Stock Returns for Shah Metacorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.72% | -2.67% | -16.13% | +17.66% | +51.60% | +124.17% |
How does the company plan to utilize the ₹4,980 lakh raised from the rights issue to reverse the recent 62.8% decline in Profit After Tax?
Given the 27.2% increase in revenue alongside the sharp profit drop, what specific cost management strategies will be implemented with the new capital?
What is the expected market demand for the renunciation of rights entitlements given the current premium pricing structure?
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