ALPHA TRIBE

Shah Metacorp LimitedImportant, 30-06-2025: Committee Meeting Updates

30-06-2025 | 06:50 pm

Shah Metacorp Limited has announced a board meeting approving the preferential allotment of 92 lakh equity shares at ₹4.71 each to three non-promoter investors for a total cash infusion of ₹4.33 Cr. Post-allotment, Karni Enterprise’s stake will rise to 1.88%, while Samir Patel and Brijesh Patel will hold 0.38% each. This capital raise strengthens the company’s equity base and is likely aimed at supporting operational or growth initiatives, benefiting shareholders by improving the company's financial flexibility.

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