Regulatory30 May 2026, 07:11 pm
Shah Metacorp: Deviation in Preferential Allotment Proceeds
AI Summary
Shah Metacorp Ltd reports on the deviation or variation in the use of proceeds from a preferential allotment, as per Regulation 32 of SEBI guidelines. The company allotted 2,40,00,000 convertible warrants on 26.06.2025 and 2,00,00,000 convertible warrants on 28.06.2025 to Ms. Mona Shah, which are still pending conversion. No funds were raised during the quarter ended 31st March, 2026, and there are no funds pending utilization.
Key Highlights
- Preferential allotment of warrants made to Mona Shah are pending conversion.
- No funds were raised during the quarter ended March 31, 2026.
- There are no funds pending for utilization from the preferential allotment.
Price Impact
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