Rights Issue Details
- Issue Size: ₹49.80 crore through issuance of 10,24,68,139 equity shares of face value ₹1 each
- Issue Price: ₹4.86 per share
- Opening Date: June 11, 2026
- Closing Date: June 24, 2026
- Record Date: May 27, 2026
- Entitlement Ratio: 36 rights shares for every 311 equity shares held
- Last Date for Renunciation: June 22, 2026
- Current Market Price: ₹5.09 (as of May 23, 2026)
- Purpose: To fund expansion plans and strengthen the company's financial position
Strategic Initiatives
- Stake Acquisition: Completed acquisition of 26% stake in Strike Eco Grid Private Limited, marking entry into renewable energy sector
- US Expansion: Board approved investment in wholly-owned subsidiary Shah Metacorp Holdings USA INC along with inter-corporate funding to support international business operations
Financial Performance
- Q3 FY26 Revenue: Approximately ₹149 crore
- Q3 FY26 PAT: Approximately ₹4 crore
- Q4 FY26 Results: Scheduled to be announced later this month
Business Overview
Shah Metacorp Limited is a manufacturer and exporter of stainless steel and mild steel long products, headquartered in Ahmedabad, Gujarat. The company operates manufacturing facilities at Kukarwada, Gujarat and caters to domestic and international markets across multiple industries.
Management Commentary
Mr. Viral Mukund Shah, Promoter & CEO, stated that these initiatives are aimed at strengthening the foundation for the company's next phase of growth, focusing on diversification, global presence, and building a more resilient, future-ready organization.