Shah metacorp Limited has successfully resolved a legal dispute through mutual settlement, leading to the dismissal of an Insolvency and Bankruptcy Code (IBC) petition filed against the company. The development was disclosed to stock exchanges on April 20, 2026, in accordance with SEBI listing regulations.

Settlement Details

The Section 9 IBC petition filed by operational creditor Tejomay Exim Corporation has been dismissed as withdrawn following a mutual agreement between the parties. The resolution came after Shah Metacorp made the required payment to settle the dispute.

Financial Impact

The company has clarified that the settlement is procedural in nature and will not have any material adverse impact on its financial position. The amount was received from the corporate debtor, which prompted the applicant to withdraw the petition.

Regulatory Compliance

This disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows a previous intimation dated December 23, 2025, where the company had initially disclosed details of the litigation in accordance with SEBI regulations.

Key Developments

The settlement represents a positive resolution for Shah Metacorp Limited, allowing the company to move forward without the uncertainty of ongoing insolvency proceedings. The mutual agreement between the parties demonstrates the company's commitment to resolving disputes amicably while maintaining its operational stability.

The disclosure was signed by Director Mona Shah (DIN: 02343194) and communicated to both BSE and NSE as per regulatory requirements.

Shah metacorp Limited has filed its mandatory annual declaration regarding share encumbrances by promoters for the financial year ending March 31, 2026. The declaration was submitted to both the Bombay Stock Exchange and National Stock Exchange of India on April 06, 2026, ensuring compliance with regulatory requirements.

Regulatory Compliance Declaration

The filing was made pursuant to Regulation 31(4) & (5) of the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeover) Regulations, 2011. This regulation mandates annual disclosures from promoters regarding any encumbrances on their shareholdings.

Promoter Declaration

Mr. Viral Mukundbhai Shah, the company's promoter, submitted the declaration on behalf of all promoters, promoter group members, and persons acting in concert (PAC). The declaration confirms that no new encumbrances of shares were made during the financial year, either directly or indirectly, beyond those already disclosed to the stock exchanges.

Corporate Governance

The filing was processed by Hiral Patel, Company Secretary and Compliance Officer (Membership No. A56573), who digitally signed the submission. The declaration was also copied to the Chairperson and Members of the Audit Committee, ensuring proper internal governance protocols were followed.

This annual declaration represents a standard regulatory requirement that publicly listed companies must fulfill to maintain transparency regarding promoter shareholding patterns and any encumbrances that may affect their equity stakes. The timely submission demonstrates Shah Metacorp Limited's adherence to securities market regulations and commitment to corporate governance standards.