Shah Metacorp Limited — Board Meeting, 07-05-2025: Outcome of Board Meeting

Shah Metacorp has announced a board meeting on approving audited consolidated financial results for the quarter and half-year, posting revenue of Rs. 176.16 Cr and profit after tax of Rs. 32.60 Cr for the year. The company took a hefty Rs. 63.97 Cr provision for overdue trade receivables totaling Rs. 88.82 Cr, highlighting collection issues. Authorized share capital was boosted from Rs. 50 Cr to Rs. 110 Cr, along with a preferential issue of 14.3 Cr shares at Rs. 4.02 each to non-promoters. Promoter warrants were converted, and subsidiary count increased via acquisitions. Operating cash flow saw significant outflow due to working capital changes.