Shah Metacorp Limited — Board Meeting, 21-12-2024: Outcome of Board Meeting

The Committee of Directors has convened and approved the allotment of 90,00,000 equity shares at an issue price of ₹4.02 each to Ms. Mona Shah on a preferential basis, in consideration of converting loans. Following this conversion, the total issued and paid-up equity share capital stands at ₹59.39 crore, comprising 5,93,87,867 fully paid-up shares. Additionally, 3,55,00,000 warrants remain pending for conversion, allowing warrant holders to exercise their rights within the next 18 months by paying the remaining amount.