Promoter Mona Viral Shah acquired 65,00,000 equity shares of Shah Metacorp through the conversion of warrants on September 16, 2026.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were allotted following the exercise of conversion rights attached to convertible warrants issued on a preferential basis in June 2025.

Stake Movement

Mona Viral Shah’s direct holding increased from 17.23% to 17.76% of the total voting capital. The promoter group’s aggregate holding, including persons acting in concert (PAC), stands at 32.51% on a fully diluted basis.

The total equity share capital of the company rose from 10,19,87,4228 shares to 10,26,37,4228 shares following the allotment.

What the Numbers Show

This transaction marks the complete conversion of the remaining warrants. Outstanding warrants fell to zero from 65,00,000 units, eliminating any remaining dilution overhang from this series. The promoter group’s fully diluted stake now aligns with its actual shareholding, as no convertible instruments remain in circulation.

Regulatory Details

The disclosure lists Viral Shah, Dipali Shah, Viral M Shah HUF, and Sampati Securities Limited as persons acting in concert with Mona Viral Shah. No shares were encumbered or pledged as part of this transaction.

Shah Metacorp Limited will convene its 27th Annual General Meeting on Wednesday, September 30, 2026. The company has also reminded shareholders to update their KYC details and register email addresses to facilitate digital communication and dividend processing.

Meeting Details

The event will be conducted exclusively through Video Conferencing or Other Audio Visual Means at 11:00 am. Shareholders holding shares as of the cut-off date, Wednesday, September 23, 2026, are eligible to participate and vote electronically. Remote e-voting is open from September 26 to September 29.

Regulatory Compliance and Communication

The notice was issued pursuant to Regulation 30, Regulation 34, and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Newspaper advertisements were published in Financial Express and Jai Hind on September 6, 2026, in compliance with MCA Circular No. 03/2025 dated September 22, 2025.

In a separate communication dated September 10, 2026, the company informed stock exchanges about dispatching physical letters to shareholders who have not registered their email addresses. These letters provide web-links to the Notice and Integrated Annual Report for FY25-26, available on the company website.

E-Voting Process and KYC Updates

In compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the company provides members the facility to cast votes by remote e-voting via NSDL. The Integrated Annual Report for FY25-26 is available on the company website.

Shareholders are urged to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice. Security holders holding physical securities without updated PAN or nomination details will only be eligible for payments through electronic mode from April 1, 2024.