Shah Metacorp Limited Accelerates Growth with Rs. 49.8 Crore Rights Issue and Global Expansion Plans
Shah Metacorp Limited, a manufacturer and exporter of stainless steel long products, announced plans to raise up to Rs. 49.80 Crore through a Rights Issue to fund its expansion initiatives. The company detailed the capital-raising effort, alongside strategic investments that deepen its presence in the renewable energy sector and international markets.The Rights Issue offers existing shareholders an opportunity to increase their equity stake in the company. The offering is priced at Rs. 4.86 per share and comprises up to 10,24,68,139 fully paid-up Equity Shares.
The key financial details of the Rights Issue are summarized below:
| Detail | Value |
|---|---|
| Aggregate Amount | Rs. 49.80 Crore |
| Shares Offered | 10,24,68,139 Equity Shares |
| Issue Price | Rs. 4.86 per share |
| Subscription Period | June 1, 2026 to June 24, 2026 |
| Renunciation Deadline | June 22, 2026 |
The Rights Issue is based on an entitlement ratio of 36:311, offering 36 rights shares for every 311 equity share held on the record date of May 27, 2026. Proceeds from this issue are slated to support the company's strategic growth and strengthen its overall financial position.
Strategic Diversification and Global Focus
In parallel with the rights issue, the Board of Directors approved several strategic initiatives designed to strengthen Shah Metacorp's long-term roadmap.The company has acquired a 26% stake in Strike Eco Grid Private Limited. This acquisition marks Shah Metacorp's entry into the renewable energy sector. Furthermore, the board sanctioned investment in Shah Metacorp Holdings USA INC, its newly incorporated wholly-owned US subsidiary, facilitating the expansion of the company’s international business operations.
Shah Metacorp Limited, headquartered in Ahmedabad, is engaged in the manufacturing and export of stainless steel and mild steel long products. The company remains focused on strengthening its manufacturing capabilities and building a diversified growth platform across multiple industries.
Performance and Outlook
On the operational front, the company reported steady momentum in Q3 FY26, achieving revenue of around Rs. 149 crore and a Profit After Tax (PAT) of approximately Rs. 4 crore till Q3 FY 25-26. The company is expected to report another strong performance in Q4 FY26, with financial results anticipated later this month.Mr. Viral Mukund Shah, Promoter and CEO of Shah Metacorp Limited, stated that the combined efforts of the Rights Issue and recent strategic decisions are reinforcing the foundation for the company's next phase of growth, while ensuring global presence and diversification into renewable energy.
Incorporated in 1999, Shah Metacorp Limited manufactures various products including stainless steel angle bars, bright bars, flat bars, flats, and ingots, catering to both domestic and international markets.
SHAH Stock Price Movement
Shares of Shah Metacorp Limited are gaining ground in live trading, rallying to ₹5.15 as of 12:10 PM after climbing 1.78% for the day. The equity is experiencing significant momentum, supported by a trading volume that stands at 1.98 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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