Shah Metacorp Limited Extends Rights Issue Closing Date Until July 3rd
Shah Metacorp Limited has extended the closing date for its ongoing Rights Issue, providing more time for eligible equity shareholders to exercise their rights. The extension was approved by the Company's Rights Issue Committee during a meeting held on June 24, 2026.The original deadline for the Issue Closing Date was Wednesday, June 24, 2026. Following the decision, the closing date has been extended to Friday, July 3, 2026. This extension aims to give shareholders adequate opportunity to participate in the Rights Issue.
Details of the company's ongoing Rights Issue remain consistent with those outlined in the Letter of Offer dated May 21, 2026. Shah Metacorp is issuing up to 10,24,68,139 Fully Paid-Up Equity Shares.
The financial structure of the rights issue is as follows:
- Face Value: ₹1 per share
- Issue Price: ₹4.86 per Rights Equity Share
- Aggregate Issue Size: Up to ₹4,980 Lakhs
The extension falls within the outer limit of 30 days from the original Issue Opening Date of June 11, 2026. The meeting of the Rights Issue Committee that approved this change was conducted at the Company’s Corporate Office.
SHAH Stock Price Movement
Today, shares of Shah Metacorp Limited shed value, closing at ₹4.45 after slipping by 2.63% in post-market trading. The decline occurred amidst a volume of 622,524 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.