Shah Metacorp Ltd approved the allotment of 1,00,00,000 equity shares to promoter and director Ms. Mona Viral Shah upon conversion of warrants, increasing the company's paid-up equity share capital. The board meeting held on July 16, 2026, also sanctioned a comprehensive leadership realignment and committee reconstitutions to support the company's next growth phase.

The board approved the conversion of warrants into 1 crore equity shares at an issue price of ₹4.71 per share, comprising a face value of ₹1 and a premium of ₹3.71. The allotment follows the receipt of the balance consideration of ₹3,53,25,000. Consequently, the paid-up equity share capital rose from ₹98,23,74,228 to ₹99,23,74,228. The shares rank pari passu with existing equity shares.

The board implemented a leadership realignment effective from July 20 and 21, 2026. Mr. Viral Mukundbhai Shah resigned as Chief Executive Officer effective July 20, 2026, and was appointed as an Additional Director (Executive Director) effective July 21, 2026. Mr. Mahendra Shukla was redesignated as Whole-time Director and Key Managerial Personnel for five years from July 21, 2026. Additionally, Mr. Nanwal Sajjankumar was appointed as an Additional Director (Non-Executive, Independent Director) for a term ending July 20, 2031.

Further approvals included the reconstitution of the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Committee of Directors. The board also amended the Related Party Transaction Policy and approved a draft notice for a postal ballot to seek shareholder approval for the appointed directors. The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shah Metacorp Ltd has finalized the allotment of 9,71,63,362 fully paid-up equity shares following the closure of its rights issue, which received a subscription of 94.82%. The Rights Issue Committee approved the basis of allotment on June 30, 2026, with shares expected to be credited to demat accounts on or before July 3, 2026. Concurrently, promoter Mona Viral Shah acquired 3,16,28,600 shares through the issue, increasing her total holding to 14.07% of the company's paid-up equity capital.

The rights issue opened for subscription on June 11, 2026, and closed on June 25, 2026. The company received a total of 1,239 applications for 9,72,49,820 equity shares. Of these, 203 applications for 86,458 shares were rejected due to technical reasons, leaving 1,036 valid applications for 9,71,63,362 shares. The issue aimed to raise up to ₹4,980 Lakhs by issuing shares at a price of ₹4.86 per share, including a premium of ₹3.86 per share.

Subscription Details

Allotment Breakdown

Promoter Acquisition

Mona Viral Shah, a Director and Promoter, acquired 3,16,28,600 shares via the rights issue on June 30, 2026. Prior to the acquisition, she held 10,66,19,848 shares, representing 12.04% of the total voting capital. Post-allotment, her holding increased to 13,82,48,448 shares, or 14.07% of the total voting capital. The company's total paid-up equity capital post-issue stands at 98,23,74,228 shares of face value ₹1 each.

The company completed the dispatch of allotment advice cum refund intimation to investors on June 30, 2026. Instructions to Self-Certified Syndicate Banks (SCSBs) for unblocking funds were issued on June 29, 2026. Trading in the newly allotted fully paid-up equity shares is expected to commence on or before July 4, 2026, on BSE under the ISIN INE482J01021. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.