Shah Metacorp Limited — QIP/Rights/Pref., 05-02-2025: Issue of Securities

Shah Metacorp Limited is increasing its authorized share capital from ₹90 crore to ₹110 crore, subject to shareholder approval. The Board approved a preferential issue of up to 18,93,32,229 equity shares to both promoter and non-promoter entities, with the aim of financing acquisitions without cash consideration. Additionally, it plans to issue 6,65,00,000 equity shares to non-promoters for cash at an issue price of ₹4.71 per share, and 4,40,00,000 convertible warrants to promoter Mona Shah at the same price, aggregating to ₹20.72 crore, convertible within 18 months. An extraordinary general meeting is scheduled for March 5, 2025, to discuss these proposals.