Shah Metacorp Limited — Board Meeting, 05-02-2025: Outcome of Board Meeting

The board meeting concluded with several key decisions for Shah Metacorp Limited. The shareholders will be asked to approve an increase in authorized share capital from ₹90 crores to ₹110 crores. The board approved the issuance of up to 18.93 crore equity shares on a preferential basis to promoters and non-promoter entities, along with a cash-based preferential issue of 6.65 crore equity shares. Additionally, 4.4 crore convertible equity warrants will be issued to promoter Mona Viral Shah for cash consideration. An Extraordinary General Meeting is scheduled for March 5, 2025, to discuss these changes.