Shah Metacorp approves preferential allotment of shares and warrants

SHAH Metacorp (BSE: SHAH) announced the approval of a preferential allotment of shares and warrants following a meeting of its board of directors on June 26, 2025. The company will allot 24,000,000 convertible equity warrants to Mona Viral Shah, a promoter, at a price of INR4.71 per warrant. Additionally, the board approved the allotment of 11,100,000 equity shares to non-promoter entities at INR4.71 per share, aimed at raising capital for the company. The company has already received 25% of the consideration amount from the allottee. The warrant exercise price is INR4.71, and the warrants are convertible into shares within 18 months. These strategic moves are aligned with SEBI regulations and aim to strengthen SHAH Metacorp’s financial position.