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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
59 announcements match the current filters (relevance ≥ 5).
Shah Metacorp to Raise ₹49.80 Cr via Rights Issue at ₹4.86/Share; Opens June 11
Shah Metacorp Limited has finalized the Letter of Offer for its Rights Issue, aiming to raise up to ₹4,980 Lakhs (₹49.80 Crore). The company will issue 10,24,68,139 equity shares at a price of ₹4.86 per share, which includes a premium of ₹3.86. The rights entitlement ratio is set at 36 shares for every 311 shares held by eligible shareholders as of the record date, May 27, 2026. The issue is scheduled to open on June 11, 2026, and close on June 24, 2026.
Key Highlights
Total issue size of 10,24,68,139 fully paid-up equity shares aggregating to ₹4,980 Lakhs.
Issue price fixed at ₹4.86 per share, representing 4.86 times the face value of ₹1.
Rights entitlement ratio of 36:311 for shareholders holding stock on May 27, 2026.
Issue period runs from June 11, 2026, to June 24, 2026, with on-market renunciation ending June 19.
Expected listing date for the new rights equity shares is June 30, 2026.
👀 What to Watch
Eligible shareholders should compare the issue price of ₹4.86 with the prevailing market price to determine the benefit of subscribing. Investors not wishing to subscribe should consider renouncing their rights on-market by June 19 to realize potential value from the rights entitlements.
Shah Alloys FY26 Results: Massive Exceptional Gains of ₹9,000+ Lakhs Amidst Plant Closure
Shah Alloys Limited reported its FY26 results, heavily influenced by one-time exceptional gains from asset liquidations and debt settlements. While the company recorded significant gains including ₹5,347.68 lakhs from plant sales and ₹1,398.41 lakhs from SAL Steel disinvestment, its core Iron and Steel plant has been shut down since August 2025. Auditors have issued a 'Material Uncertainty Related to Going Concern' warning due to the cessation of operations and persistent losses. The company also settled HDFC Bank dues of ₹2,523.77 lakhs for a reduced payment of ₹1,800 lakhs.
Key Highlights
Recognized an exceptional gain of ₹5,347.68 lakhs from the sale of plant, machinery, and technical know-how.
Settled HDFC Bank liabilities of ₹2,523.77 lakhs for ₹1,800 lakhs, resulting in a ₹723.77 lakhs waiver.
Auditors raised 'Material Uncertainty' regarding the company's ability to continue as a going concern following the August 2025 plant shutdown.
Booked a profit of ₹1,691.53 lakhs from the sale of its 16-inch Rolling Mill Plant for ₹1,700 lakhs.
Realized a gain of ₹1,398.41 lakhs through the disinvestment of shares in associate company SAL Steel Limited.
👀 What to Watch
Investors should remain highly cautious as the reported profits are driven by asset sales rather than core business operations, which have effectively ceased. The auditor's 'going concern' warning is a major red flag indicating the company's future viability is at risk.
Shah Metacorp Clarifies ₹49.80 Crore Rights Issue Timeline at ₹4.86 per Share
Shah Metacorp Limited has issued a clarification and rectification regarding the timeline for its upcoming Rights Issue. The company intends to raise up to ₹49.80 crore by issuing 10,24,68,139 equity shares at a price of ₹4.86 per share. The record date for eligibility was May 27, 2026, with the subscription period scheduled to run from June 11 to June 24, 2026. This update ensures all shareholders have the accurate schedule for renunciation and application.
Key Highlights
Rights Issue size of 10,24,68,139 shares aggregating up to ₹4,980 Lakhs.
Issue price set at ₹4.86 per share, which includes a premium of ₹3.86.
Rights Entitlement Ratio is 36 shares for every 311 shares held as of the Record Date (May 27, 2026).
The subscription window opens on June 11, 2026, and closes on June 24, 2026.
Post-issue, the total outstanding equity shares will increase to 98,76,79,005 assuming full subscription.
👀 What to Watch
Eligible shareholders should compare the rights issue price of ₹4.86 with the current market price to determine the benefit of subscribing. Those not wishing to subscribe should consider renouncing their rights on-market between June 11 and June 19 to realize value.
Shah Metacorp FY26 Results: ₹56.89 Cr Provision for Doubtful Debts; Rights Issue Update
Shah Metacorp reported its FY26 audited financial results, highlighting a significant provision of ₹56.89 Crores against long-outstanding overseas receivables of ₹76.26 Crores. The company has entered into an MOU for a settlement at a reduced value, which significantly impacts the bottom line. The board also re-appointed Mr. Mahendra Shukla as Executive Director and provided updates on a ₹50 Crore rights issue. Strategic expansions include a new joint venture in the USA and a 26% stake acquisition in Strike Eco Grid Private Limited.
Key Highlights
Recognized a provision of ₹56.89 Crores against overseas trade receivables totaling ₹76.26 Crores.
Board approved audited financial results for FY26 with an unmodified auditor opinion.
Progressing on a Rights Issue of up to ₹50 Crores to fund future requirements.
Expanded global footprint with a USD 1 Lakh investment in a USA-based Joint Venture.
Acquired a 26% stake in Strike Eco Grid Private Limited to diversify operations.
👀 What to Watch
Monitor the recovery of the remaining receivables and the impact of the ₹50 Crore rights issue on equity dilution. The large provision for doubtful debts indicates credit risk that warrants a cautious outlook.
Shah Metacorp FY26 Results: ₹56.89 Cr Provision for Doubtful Debts & ₹50 Cr Rights Issue
Shah Metacorp Limited has approved its audited financial results for FY26, notably recognizing a massive provision of ₹56.89 Crores against long-standing overseas receivables of ₹76.26 Crores. The company has entered into an MOU for a settlement at a reduced value, which significantly impacts the bottom line. Simultaneously, the board is moving forward with a ₹50 Crore Rights Issue and has confirmed the re-appointment of Mr. Mahendra Shukla as Executive Director. The company also highlighted several recent acquisitions and the formation of a US-based joint venture.
Key Highlights
Recognized a provision for doubtful debts of ₹56.89 Crores against ₹76.26 Crores in overdue overseas receivables.
Board approved a Rights Issue to raise up to ₹50 Crores, with the Draft Letter of Offer already filed.
Re-appointed Mr. Mahendra Shukla as Executive Director and M/s. DDH & Associates as Internal Auditors for FY27.
Completed acquisitions of 85.60% in General Capital and Holding Company and 80% in Metacorp Trading LLC.
Established a Joint Venture in the USA (Shah Metacorp Holding USA Inc) with a USD 1 Lakh investment.
👀 What to Watch
Investors should exercise caution due to the large write-down of receivables and monitor the actual cash recovery from the MOU settlement. The upcoming ₹50 Crore Rights Issue will lead to equity dilution, making the execution of new acquisitions critical for future growth.
Shah Metacorp Acquires 26% Stake in Strike Eco Grid; Plans Up to ₹61 Crore Investment
Shah Metacorp Limited (SML) has entered into a strategic MoU with Strike Eco Grid Private Limited, marking its entry into the renewable energy and ESG sectors. The company has already acquired a 26% equity stake for cash and holds the right to increase this shareholding up to 75% in a phased manner. SML has committed project funding of ₹25 crore and may arrange an additional ₹36 crore over the next two years based on performance. This collaboration focuses on joint development of infrastructure and renewable energy projects both domestically and internationally.
Key Highlights
Acquired initial 26% equity stake in Strike Eco Grid Private Limited via cash consideration
Option to increase stake up to 75% subject to due diligence and operational milestones
Committed project funding of ₹25 crore with potential for ₹36 crore additional funding over 2 years
Strategic focus on renewable energy, ESG, and sustainability infrastructure projects
12-month exclusivity clause preventing Strike Eco from seeking other strategic investors
👀 What to Watch
Investors should view this as a significant diversification move into high-growth green energy sectors, though they should monitor the impact of the ₹61 crore total capital commitment on the company's cash flows.
Shah Metacorp to Raise ₹49.8 Cr via Rights Issue and Expands into Renewable Energy
Shah Metacorp Limited has announced a Rights Issue to raise ₹49.80 crore, offering 10.24 crore shares at ₹4.86 each, which is a discount to the current market price of ₹5.09. The company is diversifying its portfolio by acquiring a 26% stake in Strike Eco Grid Private Limited to enter the renewable energy sector. Additionally, the board has approved the formation of a US-based subsidiary to drive international expansion. These strategic moves are backed by a steady financial performance, with Q3 FY26 revenue reaching approximately ₹149 crore.
Key Highlights
Rights Issue of ₹49.80 crore priced at ₹4.86 per share with an entitlement ratio of 36:311.
Rights Issue subscription period set from June 11 to June 24, 2026, with a record date of May 27, 2026.
Completed acquisition of a 26% stake in Strike Eco Grid Private Limited for renewable energy diversification.
Approved investment in new wholly-owned subsidiary Shah Metacorp Holdings USA INC for global expansion.
Reported Q3 FY26 revenue of ₹149 crore and PAT of ₹4 crore, with Q4 results expected shortly.
👀 What to Watch
Investors should consider the Rights Issue as an opportunity to increase their stake at a discount, while monitoring the company's execution in the new renewable energy and US market segments. Watch for the upcoming Q4 FY26 results to confirm if the steady growth momentum is sustained.
Shah Metacorp to Expand Renewable Stake to 75% and Invest $400,000 in USA Subsidiary
Shah Metacorp Limited has announced a significant push into the renewable energy sector by completing a 26% stake in Strike Eco Grid and planning to increase this to 75% in phases. The company intends to provide up to ₹25 crore in funding for solar EPC and renewable infrastructure projects. Additionally, the board approved a total commitment of $400,000 ($200,000 equity and $200,000 loan) to its newly formed USA subsidiary for global diversification. A minor correction was also made to the Rights Issue share count, now fixed at 102,468,139 shares.
Key Highlights
Completed 26% investment in Strike Eco Grid with a roadmap to increase stake to 75%.
Allocated up to ₹25 crore for solar EPC, captive power, and renewable infrastructure projects.
Approved $200,000 equity investment and $200,000 unsecured loan for Shah Metacorp Holdings USA INC.
Corrected Rights Equity Shares count to 102,468,139 from the previously stated 102,469,136.
Appointed M/s. Mehul Raval & Associates as Secretarial Auditor to fill a casual vacancy.
👀 What to Watch
Investors should watch for the execution of the solar EPC projects and the strategic MOU mentioned, as these represent a significant diversification from the core business. Monitor the performance of the USA subsidiary to see if the international expansion yields meaningful revenue contributions.
Shah Metacorp to Invest USD 400k in US Subsidiary and Up to ₹25 Cr in Solar Projects
Shah Metacorp has announced a strategic diversification into renewable energy and international markets. The company completed a 26% stake acquisition in Strike Eco Grid and plans to increase this to 75%, while providing ₹25 crore in funding for solar EPC and renewable infrastructure. Additionally, the board approved a total commitment of USD 400,000 to its new US subsidiary, comprising USD 200,000 in equity and a USD 200,000 unsecured loan. These moves indicate a shift towards becoming a multi-industry holding company spanning technology, hospitality, and green energy.
Key Highlights
Completed 26% investment in Strike Eco Grid with plans to increase stake to 75% and provide ₹25 crore funding support.
Approved USD 200,000 equity investment in Shah Metacorp Holdings USA INC to be infused in tranches during FY27 and FY28.
Sanctioned an additional USD 200,000 unsecured inter-corporate loan for the US subsidiary's working capital requirements.
Corrected the total number of Rights Equity Shares to 102,468,139 from the previously reported 102,469,136.
Appointed M/s. Mehul Raval & Associates as Secretarial Auditor for FY 2025-26 to fill a casual vacancy.
👀 What to Watch
Investors should watch for the execution of the solar EPC projects and the operational setup of the US subsidiary as these represent significant diversifications from the core business. Monitor the company's ability to manage these diverse new verticals without overextending its balance sheet.
Shah Metacorp to Invest USD 200k in US Subsidiary and Eyes 75% Stake in Strike Eco Grid
Shah Metacorp has completed a 26% stake acquisition in Strike Eco Grid and is considering increasing this to 75% to tap into renewable energy opportunities. The company is also expanding its global footprint by investing USD 200,000 in its new US subsidiary and providing an additional USD 200,000 as an unsecured loan for working capital. Additionally, the board corrected a typographical error regarding its Rights Equity Shares, now confirmed at 102,468,139 shares. These developments indicate a strategic push into solar EPC and international general trading.
Key Highlights
Completed 26% stake in Strike Eco Grid with plans to increase holding up to 75% in phases.
Proposed funding support of up to ₹25 crore for solar EPC and renewable infrastructure projects.
Approved equity investment of USD 200,000 in Shah Metacorp Holdings USA INC through FY2027-28.
Authorized an unsecured inter-corporate loan of USD 200,000 for the US subsidiary's working capital.
Corrected total Rights Equity Shares count to 102,468,139 from the previously stated 102,469,136.
👀 What to Watch
Investors should monitor the company's transition into the renewable energy sector and the operational rollout of its US subsidiary. While the diversification is positive, the actual impact on the bottom line will depend on the execution of the ₹25 crore solar project pipeline.
Shah Metacorp Approves ₹49.8 Crore Rights Issue; Sets Record Date for May 27, 2026
Shah Metacorp Limited has finalized the terms for its Rights Issue, aiming to raise up to ₹4,980 Lakhs. The company will issue 10,24,69,136 equity shares at a price of ₹4.86 per share, which includes a premium of ₹3.86. The entitlement ratio is set at 36 shares for every 311 shares held by eligible shareholders as of the record date, May 27, 2026. The issue is scheduled to open on June 11, 2026, and close on June 24, 2026.
Key Highlights
Total Rights Issue size of ₹4,980 Lakhs involving 10.24 crore equity shares.
Issue price fixed at ₹4.86 per share, representing a face value of ₹1 and premium of ₹3.86.
Rights Entitlement Ratio of 36:311 for shareholders as of the May 27, 2026 record date.
Post-issue equity capital to increase to 98,76,80,002 shares from 88,52,10,866 shares.
Rights Issue subscription period set from June 11, 2026, to June 24, 2026.
👀 What to Watch
Existing shareholders should evaluate the issue price of ₹4.86 against the current market price to decide whether to subscribe, renounce, or let the rights lapse. Ensure shares are held by the record date of May 27 to receive rights entitlements.
Shah Metacorp to Raise ₹49.80 Crore via Rights Issue at ₹4.86 Per Share
Shah Metacorp Limited has finalized the terms for its Rights Issue to raise up to ₹4,980 Lakhs. The company will issue 10.24 crore equity shares at a price of ₹4.86 per share, which includes a premium of ₹3.86. The record date for determining eligibility is May 27, 2026, with an entitlement ratio of 36 shares for every 311 shares held. The subscription period is scheduled from June 11 to June 24, 2026, leading to an approximate 11.5% expansion in the equity base.
Key Highlights
Rights Issue size of ₹4,980 Lakhs involving 102,469,136 equity shares
Issue price fixed at ₹4.86 per share with a record date of May 27, 2026
Rights Entitlement Ratio set at 36:311 for eligible shareholders
Total outstanding equity shares to increase from 88.52 crore to 98.77 crore post-issue
On-market renunciation period scheduled from June 11 to June 22, 2026
👀 What to Watch
Investors should monitor the market price relative to the ₹4.86 issue price to decide on subscription. If not participating, shareholders should sell their rights entitlements during the renunciation period to avoid dilution without compensation.
Shah Metacorp Approves ₹49.8 Crore Rights Issue at ₹4.86 Per Share
Shah Metacorp Limited has finalized the terms for its Rights Issue, aiming to raise up to ₹4,980 Lakhs. The company will issue 10,24,69,136 equity shares at a price of ₹4.86 per share, which includes a premium of ₹3.86. Shareholders holding shares as of the record date, May 27, 2026, will be eligible to participate in a ratio of 36:311. This move will expand the company's total outstanding equity base from 88.52 crore to approximately 98.77 crore shares upon full subscription.
Key Highlights
Rights Issue size of up to ₹4,980 Lakhs involving 10.25 crore new shares
Entitlement ratio set at 36 equity shares for every 311 shares held
Issue price fixed at ₹4.86 per share with a record date of May 27, 2026
Subscription period runs from June 11, 2026, to June 24, 2026
On-market renunciation period ends on June 22, 2026
👀 What to Watch
Investors should compare the current market price with the issue price of ₹4.86; if the market price is higher, they should either subscribe to the issue or sell their Rights Entitlements (RE) on the exchange before June 22 to avoid dilution.
Shah Metacorp Secretarial Auditor M/s K Jatin & Co. Resigns Citing Time Constraints
Shah Metacorp Limited has announced the resignation of its Secretarial Auditor, M/s K Jatin & Co., effective May 20, 2026. The auditor was originally appointed on September 30, 2025, for a five-year term but has stepped down less than a year into the tenure. The firm cited an inability to devote the necessary time and attention required for the audit due to other professional commitments. The company's Audit Committee and Board are now tasked with appointing a successor to ensure continued regulatory compliance.
Key Highlights
M/s K Jatin & Co. resigned as Secretarial Auditor effective May 20, 2026.
The firm was previously appointed for a 5-year term (FY 2025-26 to FY 2029-30) during the 26th AGM.
The resignation occurred approximately 8 months after the initial appointment.
The auditor cited a lack of bandwidth to meet the standards of the Companies Act and ICSI as the reason.
The company is currently seeking a new Secretarial Auditor to fill the vacancy.
👀 What to Watch
Investors should monitor the company for the timely appointment of a reputable successor and watch for any further changes in key compliance roles. While the reason cited is professional bandwidth, early auditor resignations warrant a cautious approach to corporate governance.
Shah Metacorp Receives In-Principle Approval for Rs 49.80 Crore Rights Issue
Shah Metacorp Limited has secured in-principle approval from both BSE and NSE for its proposed rights issue. The company aims to raise a total of up to Rs 4,980 lakhs (Rs 49.80 crore) through the issuance of fully paid-up equity shares with a face value of Re 1 each. While the total amount is capped, the specific issue price, premium, and entitlement ratio are yet to be finalized. This move indicates a significant capital infusion plan to support the company's financial objectives.
Key Highlights
Received in-principle approval from BSE and NSE on May 14, 2026, for a rights issue.
Total fundraising target set at an aggregate of up to Rs 4,980 lakhs.
The equity shares involved have a face value of Re 1 per share.
The issue will be offered to eligible equity shareholders as of a record date to be determined later.
👀 What to Watch
Existing shareholders should watch for the announcement of the rights entitlement ratio and issue price to evaluate the cost of maintaining their stake. Potential investors should monitor how the company intends to deploy the Rs 49.80 crore capital for future growth.
Shah Metacorp to Acquire 26% Stake in Strike Eco Grid for Captive Solar Benefits
Shah Metacorp Limited has approved the acquisition of a 26% equity stake in Strike Eco Grid Private Limited for a cash consideration of ₹52,000. This strategic investment is aimed at securing captive solar power to reduce the company's high operational costs and achieve supply chain synergies. Strike Eco Grid is a newly incorporated entity (July 2025) focusing on Solar EPC and renewable energy generation. The transaction is expected to be completed by May 15, 2026, and includes provisions for Shah Metacorp to provide working capital loans to the target company.
Key Highlights
Acquisition of 5,200 equity shares at ₹10 each, totaling ₹52,000 for a 26% stake.
Strategic entry into the Power and Renewable Energy industry to benefit from captive solar energy.
Target company Strike Eco Grid Private Limited was recently incorporated on July 7, 2025.
The acquisition is intended to lower operational costs and improve supply chain efficiencies.
The deal is a cash transaction scheduled for completion on or before May 15, 2026.
👀 What to Watch
Investors should view this as a long-term cost-saving measure, though the current investment amount is nominal. Monitor the progress of the captive solar project for its potential impact on operating margins.
Shah Metacorp Resolves IBC Dispute; Section 9 Petition Dismissed Following Settlement
Shah Metacorp Limited has announced the dismissal of a Section 9 IBC petition filed against it by Tejomay Exim Corporation. The petition was withdrawn by the operational creditor following a mutual settlement and the receipt of payment from the company. Management has clarified that the settlement is procedural in nature and will not have any material adverse impact on the company's financial position. This resolution effectively removes the insolvency risk associated with this specific litigation disclosed in December 2025.
Key Highlights
Section 9 IBC petition filed by Tejomay Exim Corporation has been dismissed as withdrawn.
The withdrawal follows a mutual settlement reached between the company and the operational creditor.
Company confirms the settlement has no material adverse impact on its financial position.
The resolution concludes a legal proceeding that was originally initiated in December 2025.
👀 What to Watch
Investors should view this as a positive development as it eliminates a key legal risk and potential insolvency proceeding. Monitor the company's upcoming quarterly results to ensure operational cash flows remain sufficient to handle creditor obligations.
Shah Alloys Q3 Profit at ₹35.22 Cr Driven by ₹67.46 Cr Asset Sale; Main Plant Closed
Shah Alloys reported a net profit of ₹35.22 Crores for Q3 FY26, a turnaround from a loss of ₹15.26 Crores in the previous year, entirely due to exceptional gains of ₹67.46 Crores from asset and investment sales. Revenue from operations plummeted 80% YoY to ₹10.29 Crores as the company's primary Iron and Steel plant has been shut down since August 2025 due to technology obsolescence. Auditors have issued a qualified opinion, flagging material uncertainty regarding the company's status as a 'Going Concern' and noting the non-provision of ₹36.55 lakhs in bank interest. The company is currently exploring options for its future after liquidating significant plant machinery and its stake in SAL Steel Limited.
Key Highlights
Net Profit of ₹35.22 Crores in Q3 FY26 vs a Loss of ₹15.26 Crores in Q3 FY25, driven by one-time gains.
Exceptional items of ₹67.46 Crores include a ₹53.47 Crore gain from selling plant/machinery and a ₹13.98 Crore gain from SAL Steel share sale.
Revenue from operations fell sharply to ₹10.29 Crores from ₹51.90 Crores YoY following the closure of the Santej plant.
Auditors expressed inability to confirm 'Going Concern' status as the main manufacturing facility is no longer operational.
Qualified opinion issued for non-provision of ₹36.55 lakhs in interest on bank loans for the quarter.
👀 What to Watch
Investors should treat the reported profit as a non-recurring event resulting from asset liquidation rather than operational strength. Given the plant closure and auditor warnings on 'Going Concern' status, the stock carries high risk and requires a cautious approach until a new business model is established.
Shah Metacorp Reports Q3 Results; Provisions ₹68.81 Cr for Bad Debts and Plans ₹50 Cr Rights Issue
Shah Metacorp Limited (formerly Gyscoal Alloys) disclosed its Q3 FY26 results, highlighted by a massive ₹68.81 crore provision against long-standing trade receivables of ₹88.82 crore. The company is undergoing significant corporate restructuring, including the acquisition of majority stakes in General Capital and Metacorp Trading LLC via share swaps. To fuel further growth and investments in its US subsidiary, the board has initiated a Rights Issue of up to ₹50 crore. While the expansion is aggressive, the heavy write-down of receivables significantly impacts the current financial health.
Key Highlights
Recognized a provision for doubtful debts amounting to ₹68.81 crore against ₹88.82 crore in long-outstanding receivables.
Initiated a Rights Issue of up to ₹50 crore with the Draft Letter of Offer (DLOF) already filed with BSE and NSE.
Completed acquisitions of 85.60% in General Capital and Holding Company and 80% in Metacorp Trading LLC.
Increased authorized share capital from ₹110 crore to ₹130 crore to accommodate new equity issuances.
Metcorp Trading LLC subsidiary contributed ₹187.34 lakhs in revenue and ₹13.69 lakhs in net profit for the quarter.
👀 What to Watch
Investors should exercise caution due to the high volume of bad debt provisions which suggests historical credit risk. Monitor the progress of the ₹50 crore Rights Issue and the performance of newly acquired subsidiaries before making new commitments.
Shah Metacorp Q3 Results: ₹68.81 Cr Provision for Bad Debts and ₹50 Cr Rights Issue Update
Shah Metacorp's Q3 FY26 board meeting outcome reveals a significant financial cleanup, with a provision of ₹68.81 crore made against long-outstanding trade receivables of ₹88.82 crore. The company is actively expanding its capital base, increasing authorized share capital to ₹130 crore and progressing with a ₹50 crore Rights Issue. Strategic acquisitions of majority stakes in General Capital and Metacorp Trading LLC have been completed via share swaps. While expansion is evident, the potential for further write-offs in Q4 FY26 regarding the remaining ₹20 crore in bad debts poses a risk.
Key Highlights
Provision of ₹68.81 crore recognized against ₹88.82 crore of long-outstanding trade receivables.
Rights Issue process initiated for up to ₹50.00 crore with Draft Letter of Offer filed.
Authorized share capital increased from ₹110 crore to ₹130 crore during the quarter.
Completed acquisition of 85.60% in General Capital and 80.00% in Metacorp Trading LLC.
Subsidiary Metcorp Trading LLC reported Q3 revenue of ₹187.34 lakhs and net profit of ₹13.69 lakhs.
👀 What to Watch
Investors should be wary of the high provisioning for doubtful debts which impacts the bottom line, and monitor if the remaining ₹20 crore is recovered or written off in Q4. The success of the ₹50 crore Rights Issue will be critical for the company's liquidity and expansion plans.
