Shah Metacorp Limited Receives In-Principle Listing Approval for Proposed Rights Issue
Shah Metacorp Limited has received in-principle approval for its proposed rights issue of fully paid-up equity shares from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The approvals, dated May 14, 2026, allow the company to proceed with listing the equity shares issued on a rights basis.The company announced that the in-principle approval grants the permission to use the exchanges' names in the Letter of Offer for the proposed rights issue.
Shah Metacorp Limited can utilize the names of both exchanges for the listing of its fully paid-up equity shares proposed to be issued on a rights basis.
Approval Details
The approvals confirm the company’s ability to list the rights entitlement securities on both major exchanges. The key details of the approvals received are summarized below:| Exchange | Approval Status | Date of Approval | Letter Reference Number |
|---|---|---|---|
| BSE Limited | In-Principal Approval | May 14, 2026 | LOD/RIGHT/GB/FIP/225/2026-27 |
| National Stock Exchange (NSE) | In-Principle Approval | May 14, 2026 | NSE/LIST/52860 |
Conditions for Issuance
To finalize the offering, the company must adhere to several procedural requirements. These obligations include fixing a record date and providing advance notice to the exchanges. Furthermore, the company is required to ensure that the Letter of Offer is printed with specific disclaimer clauses as stipulated by both the BSE and NSE.The exchanges also noted that the company must comply with necessary statutory and legal formalities. The successful listing and issuance of the shares are subject to the company completing post-issue requirements and adhering to all necessary statutory and legal compliance measures.
SHAH Stock Price Movement
Today, Shah Metacorp Limited shares edged higher, rallying 3.10% to close at ₹5.61. The strong day of buying support was evident in the trading activity, which reached a volume of 1.27 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.
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.