Shah Metacorp: No deviation in preferential issue fund use for Q2 FY27

Shah Metacorp Ltd has confirmed that there was no deviation or variation in the use of proceeds from its preferential issue of equity shares (via warrants) to Ms. Mona Shah for the quarter ended September 30, 2026. The funds raised, amounting to ₹1554.3 Lacs (₹15.54 Crore), were utilized as per the objects approved by the shareholders. The company allotted equity shares to Ms. Mona Shah on July 16, September 10, and September 16, 2026, pursuant to the exercise of rights attached to convertible warrants. A statement detailing the use of funds was reviewed by the Audit Committee and approved by the Board of Directors on November 14, 2026. The company has also made this information available on its website.