This is in continuation to our earlier announcements dated May 21, 2026, wherein the Company had approved an issuance of 10,24,68,139 fully paid-up Equity Shares (“Rights Equity Shares”) at an issue price of ? 4.86/- per Rights Equity Share (including a premium of ? 3.86/- per Rights Equity Share), aggregating up to ? 4,980 Lakhs to the eligible equity shareholders of the Company in the ratio of 36 (Thirty) Rights Equity Shares for every 311 (Three Hundred Eleven) fully paid-up Equity Shares held by eligible shareholders on the record date i.e., Wednesday, May 27, 2026.
Intimation as per Regulation 84 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), 2018 (“SEBI ICDR Regulations”) – Issue of advertisement in newspapers in respect of certain matters relating to rights issue of fully paid-up equity shares of the Shah Metacorp Limited (“Company”).
With reference to above, we are enclosing copy of Advertisement for Financial Results published in Business Standard (English) and Jai Hind (Gujarati) on May 28, 2026 for the quarter and Financial year ended March 31, 2026 of Shah Metacorp Limited pursuant to Regulation 47 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for your information.
Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and as amended up to date, please find enclosed the Annual Secretarial Compliance Report for the financial year ended March 31, 2026 issued by M/s. Mehul Raval & Associates, Practicing Company Secretary dated May 28, 2026. This is for your information and record please.
With Reference to the above Subject and Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Read with SEBI Circular No. CIR/CFD/CMD1/162/2019 Dated December 24, 2019, we hereby inform that Company has made preferential allotment of 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, promoter and Director of the Company and that are still pending for conversion as on date. Further there is no fund raised during the quarter ended 31st March, 2026. There is no fund pending for utilisation. Please take the Same on your Records.
Clarification and Rectification in the Rights Issue Timeline with reference to Intimation of Outcome of Board Meeting dated May 21, 2026 and May 22, 2026 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. details as enclosed herewith.
4. Re-appoint Mr. Mahendra Shukla (DIN: 09461897) as an Executive Director of the company to fix his remuneration and the details as required in accordance with SEBI Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure-B.
3. Re-Appointment of M/s. DDH & Associates, Chartered Accountants, (FRN No. 146717W), Ahmedabad, as Internal Auditors of the Company for the financial year 2026- 27; and the details as required in accordance with SEBI Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure-A. 4. Re-appoint Mr. Mahendra Shukla (DIN: 09461897) as an Executive Director of the company to fix his remuneration and the details as required in accordance with SEBI Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure-B.
1. Approved and taken on record the Audited standalone and consolidated financial results of the Company for the quarter and year ended March 31, 2026 (the “Audited Financial Results”) as reviewed and recommended by the Audit Committee along with audit reports with unmodified opinion on Standalone and consolidated issued by M/s. Ashok Dhariwal & Co., Chartered Accountants, Statutory Auditor of the Company. The Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March, 2026, prepared in terms of Regulation 33 of the SEBI Listing Regulations together with the Audit Report of the Statutory Auditors along with the Statement of Assets and Liabilities and Cash Flow Statement for the year ended March 31, 2026 and Declaration of unmodified opinion are enclosed herewith. 2. Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026;
Submission of outcome of Board Meeting in compliance with the Regulation 30, 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 16.24 | 21.33 | 12.91 | 46.28 | 46.29 | 48.54 | 39.86 | 41.46 | 28.90 | 66.77 | 50.04 | 62.28 |
| YOY Revenue Growth % | - | - | - | - | 184.95% | 127.56% | 208.72% | -10.42% | -37.57% | 37.55% | 25.54% | 50.21% |
| Other Income | 3.00 | 1.09 | 0.21 | 0.17 | 0.03 | 0.65 | 1.71 | 0.69 | 0.71 | 0.63 | 1.88 | 16.80 |
| Total Income | 19.24 | 22.42 | 13.12 | 46.46 | 46.32 | 49.19 | 41.57 | 42.15 | 29.61 | 67.41 | 51.92 | 79.08 |
| Total Expenses + | 17.96 | 21.66 | 12.32 | 44.90 | 43.68 | 46.70 | 38.46 | 39.86 | 26.80 | 66.50 | 50.99 | 68.58 |
| Cost of Materials Consumed | 13.67 | 17.82 | 9.85 | 30.00 | 41.19 | 46.53 | 34.61 | 35.62 | 23.98 | 51.26 | 42.60 | 28.16 |
| Employee Benefit Expense | 0.48 | 0.34 | 0.29 | 0.22 | 0.28 | 0.38 | 0.39 | 0.44 | 0.39 | 0.44 | 0.46 | 0.53 |
| Other Expenses | 1.73 | 1.95 | 1.36 | 1.13 | 1.14 | 2.56 | 1.96 | 1.84 | 1.73 | 5.95 | 5.33 | 18.80 |
| Operating Profit | -1.72 | -0.32 | 0.59 | 1.39 | 2.61 | 1.84 | 1.40 | 1.60 | 2.10 | 0.27 | -0.95 | -6.30 |
| OPM % | -10.6% | -1.5% | 4.6% | 3% | 5.6% | 3.8% | 3.5% | 3.9% | 7.3% | 0.4% | -1.9% | -10.1% |
| Profit Before Tax + | 1.28 | 0.76 | 0.80 | 1.56 | 27.46 | 2.49 | 3.11 | 2.29 | 2.81 | 0.91 | 0.93 | 10.50 |
| Tax Expense | 0.03 | 0.00 | 0.03 | 0.08 | 4.12 | 0.02 | 0.12 | -1.52 | 0.31 | 0.11 | 0.22 | 2.36 |
| Tax % | 2.1% | 0.6% | 3.5% | 5.2% | 15% | 0.9% | 3.8% | -66.3% | 11.1% | 12.5% | 23.1% | 22.5% |
| Profit After Tax | 1.25 | 0.76 | 0.77 | 1.48 | 23.34 | 2.47 | 3.00 | 3.81 | 2.49 | 0.79 | 0.72 | 8.14 |
| EPS (Basic) | 0.04 | 0.02 | 0.02 | 0.04 | 0.56 | 0.10 | 0.06 | 0.07 | 0.04 | 0.01 | 0.01 | 0.09 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 207.99 | 176.16 | 96.77 |
| YOY Revenue Growth % | 18.07% | 82.04% | - |
| Other Income | 20.02 | 3.02 | 4.35 |
| Total Income | 228.01 | 179.18 | 101.12 |
| Total Expenses + | 212.87 | 168.65 | 96.71 |
| Cost of Materials Consumed | 146.01 | 157.95 | 65.39 |
| Employee Benefit Expense | 1.82 | 1.49 | 1.33 |
| Other Expenses | 31.82 | 7.44 | 6.04 |
| Operating Profit | -4.87 | 7.51 | 0.05 |
| OPM % | -2.3% | 4.3% | 0.1% |
| Profit Before Exceptional | 15.14 | 10.53 | 4.40 |
| Exceptional Items | 0.00 | 24.82 | 0.00 |
| Profit Before Tax + | 15.14 | 35.35 | 4.40 |
| Tax Expense | 3.00 | 2.75 | 0.14 |
| Tax % | 19.8% | 7.8% | 3.2% |
| Profit After Tax | 12.14 | 32.60 | 4.26 |
| EPS (Basic) | 0.15 | 0.61 | 0.11 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ASSETS | |||
| Non-Current Assets + | 195.26 | 49.22 | 46.28 |
| Property, Plant & Equipment | 25.83 | 27.76 | 21.44 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 44.45 | 0.00 | 0.00 |
| Goodwill | 72.99 | 0.00 | 0.00 |
| Other Intangible Assets | 0.00 | 0.00 | 0.00 |
| Current Assets + | 370.40 | 148.89 | 91.79 |
| Inventories | 27.67 | 8.31 | 12.72 |
| Trade Receivables | 118.42 | 131.33 | 59.89 |
| Cash and Cash Equivalents | 2.27 | 0.22 | 0.34 |
| Current Investments | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||
| Total Equity | 308.38 | 165.37 | 57.42 |
| Equity Share Capital | 88.52 | 59.39 | 41.93 |
| Other Equity | 216.67 | 105.97 | 15.49 |
| Non-Current Liabilities | 239.28 | 17.91 | 36.67 |
| Current Liabilities | 17.99 | 14.84 | 43.98 |
| Total Liabilities | 257.27 | 32.75 | 80.65 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| Cash from Operating Activities | -57.74 | -46.81 | -32.39 |
| Cash from Investing Activities | -219.50 | -9.89 | -0.33 |
| Cash from Financing Activities | 279.29 | 56.59 | 4.42 |
| Net Increase/Decrease in Cash | 2.05 | -0.12 | -28.30 |