Shah Metacorp Limited has notified the stock exchanges of a board meeting scheduled for Wednesday, May 20, 2026, to consider and decide on various matters related to its proposed rights issue. The intimation, dated May 16, 2026, was submitted in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Proposed Rights Issue

The board of directors had, at its meeting held on December 29, 2025, approved the raising of funds through the issuance of fully paid-up equity shares of face value ₹1/- each by way of a rights issue to eligible shareholders of the company as on the record date, which is yet to be determined and notified. The total fund-raising amount approved is not exceeding ₹4,980.00 Lakhs (Rupees Four Thousand Nine Hundred and Eighty Lakhs only).

The rights issue is being undertaken in accordance with the provisions of the Companies Act, 2013, as amended, the rules made thereunder, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with other applicable laws.

Key Details of the Proposed Rights Issue

The following table summarises the key parameters of the proposed rights issue as disclosed by the company:

Agenda for the May 20, 2026 Board Meeting

The forthcoming board meeting will consider, discuss, and decide on various matters in connection with the issue. The key agenda items include:

• Determination of the issue price
• Finalisation of the rights entitlement ratio
• Setting of the record date
• Deciding the timing of the issue
• Any other matters incidental to the rights issue

The company has stated that this intimation is available on its website at www.shahmetacorp.com . The communication was signed by Mona Shah, Director and Chairperson (DIN: 02343194), on behalf of Shah Metacorp Limited.

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.