Shah Metacorp Limited — Important, 22-05-2026: Disclosure of material issue

Shah Metacorp's board has approved several key strategic moves:

* **Correction of Rights Shares:** A typographical error in the total number of Rights Equity Shares has been corrected to 102,468,139 shares. This is a minor administrative update.

* **New Secretarial Auditor:** M/s. Mehul Raval & Associates has been appointed as the Secretarial Auditor for FY2025-26. This move ensures continued regulatory compliance and strengthens corporate governance.

* **Renewable Energy Push:** The company completed its 26% investment in Strike Eco Grid Private Limited and plans to increase this stake up to 75%. Further, the board may provide funding support of up to Rs. 25 crore for solar EPC, captive, open access power projects, and renewable infrastructure businesses. This signifies a strong strategic focus on expanding into the green energy sector, potentially boosting future revenue streams and diversification. ⚡️

* **US Market Entry & Funding:** The board approved an investment of up to USD 200,000 in its new US subsidiary, Shah Metacorp Holdings USA INC, by subscribing to its share capital during FY2026-27 and FY2027-28. Concurrently, an unsecured Inter-Corporate Loan of USD 200,000 has also been approved for the US subsidiary's working capital, part of a larger Rs. 100 crore limit. This move is aimed at global diversification into general trading, including hospitality, technology, and stainless steel products, opening up new market opportunities. 🌍