Shah Metacorp Gets Listing Approval for 1 Cr Shares

Shah Metacorp Ltd has received listing approval from BSE and NSE for 1,00,00,000 Equity shares of Re. 1/- each, allotted at Rs. 4.71/- each upon conversion of warrants issued on a preferential basis to promoters. The company also received an advisory letter from NSE regarding compliance with SEBI (ICDR) Regulations, 2018, specifically concerning the lock-in period for warrants. NSE noted a delay in locking in certain warrants, advising caution and due diligence for future submissions. The company will place the advisory letter before its Board of Directors. The impact on financial, operational, or other activities is reported as nil.