Shah Metacorp Limited — Others, 11-02-2025: Shareholders meeting

Shah Metacorp Limited has announced a board meeting on March 5, 2025, for an Extra-Ordinary General Meeting (EGM) regarding several significant proposals. The key items include plans to boost authorized share capital from ₹90 crore to ₹110 crore, issuance of nearly 18.93 crore equity shares at ₹4.71 per share to raise ₹89.18 crore through preferential allotment for strategic acquisitions in two companies, and a cash issue of 6.65 crore equity shares aggregating ₹31.32 crore to non-promoter investors. These initiatives are aimed at expanding operations and market reach, potentially enhancing shareholder value. Investor sentiment may see a positive shift driven by growth opportunities linked to these developments.