Shah Metacorp Limited — Others, 05-02-2025: Increase in Authorised Capital

Shah Metacorp Limited has announced a board meeting outcome addressing several strategic financial moves. Key highlights include plans to increase the authorized share capital from ₹90 crore to ₹110 crore, subject to shareholder approval, and the proposed issuance of up to 18.93 crore equity shares on a preferential basis to various investors. Additionally, the board approved a preferential issue of 6.65 crore shares for cash and 4.4 crore warrants to a promoter, enhancing capital for operational flexibility. This update could positively influence investor sentiment, reflecting a proactive stance on capital management and growth opportunities.