Shah Metacorp Limited — Important, 28-02-2025: Updates

The company has received trading approval for 90,00,000 equity shares of Re. 1 each, issued at a premium of Rs. 3.02 per share. These shares are part of a preferential allotment to the promoter, resulting from the conversion of warrants. The National Stock Exchange (NSE) has granted in-principle approval for the listing of these shares, which will be admitted to dealings pending confirmation from the depositories. This development enhances the company's capital structure, providing the potential for improved liquidity and financial flexibility. Investors should monitor this situation closely as it may indicate broader strategic maneuvers by the company.