Shah Metacorp Postal Ballot for ₹1000 Cr Limits, Director Appointments

Borrowing Limit Increase: Seeking approval to raise borrowing limit under Section 180(1)(c) to ₹1000 Crores from existing ₹300 Crores
Loan/Investment Limit: Seeking approval for loans/guarantees/investments under Sections 185 and 186 up to ₹1000 Crores
Related Party Transactions: Seeking omnibus approval for material RPTs with multiple entities with individual limits of ₹800 Crores each (except Long View Financial Services at ₹200 Crores)
Director Remuneration: Proposed monthly remuneration for Executive Directors up to ₹10,00,000 including bonus, allowances, and incentives

Postal Ballot Notice Date: July 16, 2026
Cut-off Date for E-voting: August 21, 2026
E-voting Period: August 28, 2026 (9:00 AM IST) to September 26, 2026 (5:00 PM IST)
Director Appointments: Proposed tenure from July 21, 2026 to July 20, 2031 for all director appointments

Regulators: BSE Limited, National Stock Exchange of India Limited, SEBI

E-voting Agency: National Securities Depository Limited (NSDL)

Scrutinizer: Mr. Mehul Raval, proprietor of M/s. Mehul Raval & Associates

Related Parties for RPTs:

1. Shah Agrocorp Private Limited (wholly owned subsidiary)

2. Ms. Mona Viral Shah (Promoter and Director)

3. Metcorp Trading L.L.C (subsidiary)

4. Western Urja Private Limited (subsidiary)

5. General Capital and Holding Company Private Limited (subsidiary)

6. Gyscoal Enterprise Private Limited (Promoter)

7. Long View Financial Services Private Limited (Promoter)

8. Sampati Securities Limited (Promoter group)

9. Shah Metacorp Holding USA INC (Joint Venture)

10. Strike Eco Grid Private Limited (Associate)

Current Position: Executive Director (term expiring September 30, 2026)
Proposed Position: Whole-Time Director, Executive Director, Key Managerial Personnel
Term: 5 years from July 21, 2026 to July 20, 2031
Remuneration: Maximum ₹10,00,000 per month including bonus, allowances, and incentives
Qualifications: MA in Economics, Global Executive Program, Diploma in Labour Welfare, PG Diploma in Management
Experience: Over 25 years in strategic business management, investment planning, project development
Current Shareholding: Nil

Current Position: CEO (resigned effective July 20, 2026)
Proposed Position: Executive Director
Term: 5 years from July 21, 2026 to July 20, 2031
Remuneration: Maximum ₹10,00,000 per month including bonus, allowances, and incentives
Qualifications: B.Com from Gujarat University
Experience: Over 20 years in manufacturing, processing, supply, and export of steel and allied products
Shareholding: 6,84,05,237 Equity Shares (Promoter)
Relationship: Related to Mrs. Mona Shah, Director and Chairperson

Position: Independent Director
Term: 5 years from July 21, 2026 to July 20, 2031
Remuneration: Sitting fees only (no other remuneration)
Qualifications: B.Com, NISM certifications
Experience: Over 20 years in capital markets and corporate finance, fund and portfolio management
Current Directorships: Sanghvi Fincap Limited, Avantha Power & Infrastructure Limited
Shareholding: Nil

Borrowing Impact: Enables company to borrow up to ₹1000 Crores for business operations and expansion
Loan/Investment Impact: Allows providing financial assistance to subsidiaries/group entities up to ₹1000 Crores
RPT Impact: Provides framework for arm's length transactions with related parties during FY 2026-27
Capital Structure: No immediate impact on share capital disclosed
Cash Flow: Potential outflows for loans/investments to related parties, inflows from borrowing

Borrowing/Loan Limits: To meet business expansion, capital expenditure, and working capital requirements
Director Appointments: Continuity of leadership and expertise for company's growth phase
Related Party Transactions: Ordinary course of business transactions at arm's length basis