Shah Metacorp Reschedules Rights Issue Board Meeting to May 21

Shah Metacorp Limited has informed the stock exchanges that the board meeting earlier scheduled for May 20, 2026, has been adjourned. The meeting is now rescheduled to be held on Thursday, May 21, 2026, at the company's Corporate Office in Ahmedabad. The decision to reschedule was taken pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Proposed Rights Issue

The board of directors had previously approved the raising of funds through the issuance of fully paid-up equity shares of face value ₹1/- each by way of a rights issue. The total fund-raising amount approved is not exceeding ₹4,980.00 Lakhs. The issue is being undertaken in accordance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Key Details of the Proposed Rights Issue

The following table summarises the key parameters of the proposed rights issue:

Parameter: Details Fund Raising Amount: Not exceeding ₹4,980.00 Lakhs Instrument Type: Fully paid-up equity shares Face Value per Share: ₹1/- each Mode of Issue: Rights Issue Board Approval Date: December 29, 2025 Rescheduled Board Meeting Date: May 21, 2026

Agenda for the Rescheduled Meeting

The board meeting on May 21, 2026, will consider and approve various matters in connection with the issue. The key agenda items include the determination of the issue price, finalisation of the rights entitlement ratio, setting of the record date, and deciding the timing of the issue. The intimation was signed by Mona Shah, Director and Chairperson (DIN: 02343194), on behalf of the company.

Shah Metacorp Limited has informed the stock exchanges regarding the resignation of its Secretarial Auditor, M/s K Jatin & Co. The resignation is effective from May 20, 2026, and was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The firm stated that the decision to resign was taken solely due to a present inability to devote the time and attention requisite for discharging the duties and responsibilities of the office with the expected diligence and rigour. There were no other material reasons cited for the resignation beyond those detailed in the formal letter.

M/s K Jatin & Co. was originally appointed during the 26th Annual General Meeting held on September 30, 2025. The firm was engaged for a five-year term commencing from the financial year 2025-26 through to the financial year 2029-30. Consequently, the firm is no longer associated with the company as the secretarial auditor from the effective date.

The Audit Committee and the Board of Directors of the company will consider the appointment of a new secretarial auditor in due course. The company stated that further intimation regarding this appointment would be made to the exchanges as and when it occurs.

Details of Resignation

The following table outlines the key details regarding the change in the secretarial auditor:

S. No. Particulars Details 1. Name of Secretarial Auditor M/s K Jatin & Co., Company Secretaries 2. Firm Registration No. S2017GJ508600 3. Reason for Resignation Inability to devote requisite time and attention 4. Date of Cessation May 20, 2026 5. Tenure of Appointment FY 2025-26 to FY 2029-30

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