Shah Metacorp has agreed to invest INR 61 crores in Strike Eco Grid, acquiring a 26% stake that could grow up to 75%. The funds will primarily support renewable energy and environmentally sustainable (ESG) projects. Immediate investment of INR 25 crores is planned, with an additional phased allocation of INR 36 crores.
Shah Metacorp Limited
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Shah Metacorp has invested 26% in Strike Eco Grid and allocated a $200K fund for its US division, also granting Mehul Raval Associates the role of secretarial auditor. Additionally, they've extended a $200K loan.
Shah Metacorp has authorized a $200,000 unsecured loan for its US subsidiary, intended to boost its operational funds.
Shah Metacorp Ltd has announced a 26% investment in Shah Metacorp Holdings USA INC. This investment will involve cash and loans, with an estimated $200K infusion planned for fiscal years 2026 to 2028.
Shah Metacorp announces a ₹49.8 crore rights issue at ₹4.86 per share, meaning each investor holding 311 shares will be entitled to purchase 36 additional ones starting May 27, 2026.
Shah Metacorp secures permission from both BSE and NSE for a Rs. 49.8 crore rights issue, allowing eligible shareholders to participate under regulatory guidelines.
Shah Metacorp has made a ₹52,000 investment in Strike Eco Grid, planning to complete the transaction by May 2026. This move involves purchasing 5,200 equity shares with the aim of tapping into captive solar power to cut operational expenses and boost synergies by 2026.
The promoters of Shah Metacorp have confirmed they will not create any new share securities until March 2026, in line with Securities and Exchange Board of India (SEBI) takeover regulations. Promoter Viral Mukundbhai Shah has made this commitment.