Shah Metacorp Ltd Shortens Rights Issue Extension, Sets New Closing Date for Equity Shares
Shah Metacorp Ltd has revised the extension period for its ongoing Rights Issue, with the company's committee deciding to shorten the previously considered long-term extension in the interest of shareholders. The decision follows a review of the rights issue parameters by the Committee, aimed at ensuring expedited allotment and early listing procedures.The company's Rights Issue, which commenced on Thursday, June 11, 2026, was originally scheduled to close on Wednesday, June 24, 2026. The period for the Rights Entitlement (RE) had already closed on Friday, June 19, 2026.
The Rights Issue Committee has approved a revised extension period, limiting the closing date strictly until Thursday, June 25, 2026. This reduced extension remains within the outer limit of thirty days from the issue opening date of June 11, 2026. The company initially received approval for an extension until July 03, 2026, and plans to seek approval from the Stock Exchange to close the Rights Issue earlier on June 25, 2026. Should the reduced timeline not be approved by the Stock Exchange, Shah Metacorp Ltd stated that the issue will remain open until July 03, 2026.
The company is offering up to 10,24,68,139 Fully Paid-Up Equity Shares under this Rights Issue. The details of the offer are as follows:
| Parameter | Details |
|---|---|
| Company | Shah Metacorp Ltd |
| Issue Price (per share) | ₹4.86 |
| Face Value | ₹1 each |
| Maximum Shares | 10,24,68,139 |
| Aggregate Proceeds | Up to ₹4,980 Lakhs |
| Original Open Date | June 11, 2026 |
This decision ensures the continuation of the Rights Issue for Shah Metacorp Ltd and is based on the terms set out in the Letter of Offer dated May 21, 2026.
SHAH Stock Price Movement
Shares of Shah Metacorp Limited today slipped by 4.38% to settle at ₹4.39 in post-market trading. The stock saw significant activity during the session, with over 1.37 million shares traded.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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