Shah Metacorp logo

Shah Metacorp MD, chairman, board of directors and AGM

NSE: SHAHBSE: 533275Industrial ProductsSmall Cap

Formerly Gyscoal Alloys
Last close ₹2.70down ₹0.05 (1.82%)BSE ₹2.73

Share price at the NSE close on 23 Oct 2026. Previous close ₹2.75.

52-week range of traded prices to 23 Oct 2026
₹2.56Low, 26 Aug 2026₹5.88High, 7 May 2026
Market cap
₹277 Cr1,914th largest listed
P/E
21.1
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
5.6%
ROCE
−0.1%
Debt to equity
0.78
Volume, NSE
4,91,05774.9% delivered

Shah Metacorp board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonMONA VIRAL SHAHRelated to the promoter

6 directors3 independent2 executive1 non-executive

  • MAHENDRA K SHUKLAExecutive · joined Feb 2022 · reappointed Oct 2023 · 1 listed board · 2 committee seats
  • ADITYABHAI J JOSHIIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 4 as chair
  • HEMANG SHAHIndependent · joined Apr 2022 · reappointed Apr 2022 · 50 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 4 as chair
  • JAISWAL LAXMI SHIKANDARIndependent · joined May 2022 · reappointed May 2022 · 52 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • DIPALI MANISH SHAHNon-executive · joined Aug 2020 · reappointed Sep 2024 · 1 listed board · 1 committee seat
  • MONA VIRAL SHAH · ChairpersonExecutive · joined Feb 2022 · reappointed Oct 2023 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 26 May 20266 of 6 present3 independent · 4 days in between
    • 21 May 20266 of 6 present3 independent · 27 days in between
    • 23 Apr 20266 of 6 present3 independent · 39 days in between
    • 14 Mar 20266 of 6 present3 independent · 29 days in between
    1 earlier meeting
    • 12 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair ADITYABHAI JAGDISHBHAI JOSHI

    LAXMI SHIKANDAR JAISWAL, HEMANG HARSHADBHAI SHAH, MAHENDRA KUMAR SHUKLA

    • 26 May 20264 of 4 present3 independent · 72 days in between
    • 21 May 20264 of 4 present3 independent · 27 days in between
    • 23 Apr 20264 of 4 present3 independent
    • 14 Mar 20264 of 4 present3 independent · 29 days in between
    1 earlier meeting
    • 12 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair HEMANG HARSHADBHAI SHAH

    JAISWAL LAXMI SHIKANDAR, ADITYABHAI JAGDISHBHAI JOSHI, DIPALI MANISH SHAH

    • 26 May 20264 of 4 present3 independent · 4 days in between

  • Stakeholders Relationship Committee

    Chair HEMANG HARSHADBHAI SHAH

    MAHENDRA KUMAR SHUKLA, DIPALI MANISH SHAH, MONA VIRAL SHAH

    • 12 Feb 20263 of 4 present1 independent

  • Committee of directors

    Chair DIPALI MANISH SHAH

    MONA VIRAL SHAH, ADITYABHAI JAGDISHBHAI JOSHI

    No meeting listed in the filing.

  • Rights Issue Committee

    Chair MONA VIRAL SHAH

    DIPALI MANISH SHAH, ADITYABHAI JAGDISHBHAI JOSHI

    No meeting listed in the filing.

  • Right Issue Committee

    • 30 Jun 20263 of 3 present1 independent
    • 27 Jun 20263 of 3 present1 independent · 2 days in between
    • 24 Jun 20263 of 3 present1 independent · 28 days in between

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s. Ashok Dhariwal & Co.Peer-review certificate valid to Aug 2028
1 earlier auditor
  • Ashok Dhariwal & Co.Named in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Shah Metacorp AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Shah Metacorp share news and announcements

Annual general meeting, 30 Sep 2026

1,12,909 shareholders on the register on 23 Sep 2026; present: 5 promoters and 70 others; votes counted by M/s. Murtuza Mandorwala & Associates / Murtuza Mandorwala.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026, the Report of the Auditors thereon.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 70.14% · promoters 99.34% · institutions 0.00% · other public 58.34%

  2. To appoint Ms. Mona Viral Shah (DIN: 02343194), who retires by rotation as a director and being eligible, offers herself for reappointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 70.14% · promoters 99.34% · institutions 0.00% · other public 58.34%

  3. To consider appointment of M/s. Shivam Soni & Co., Chartered Accountants (FRN:152477W/ 178351), as Statutory Auditors of the Company.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 70.14% · promoters 99.34% · institutions 0.00% · other public 58.34%

  4. To ratify the remuneration of Cost Auditors of the Company for the financial year ending on 31st March, 2027.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 70.14% · promoters 99.34% · institutions 0.00% · other public 58.34%

  5. Appointment of M/s Murtuza Mandorwala & Associates, Practicing Company Secretary as Secretarial Auditors of the Company for first term of Five consecutive years.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 70.14% · promoters 99.34% · institutions 0.00% · other public 58.34%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Sep 2026, 17 resolutions

1,11,897 shareholders on the register on 21 Aug 2026; votes counted by M/s. Mehul Raval & Associates / Mr. Mehul Raval.The company's voting result (opens in a new tab)

  1. Approval to Advance Any Loan/Give Guarantee/Provide Security Under Section 185 of The Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.46% · promoters 99.83% · institutions 0.00% · other public 61.01%

  2. To Authorise Board for Making Loans, Giving Guarantees and Making Investments in Other Bodies Corporate Under Section 186 Of Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · other public 0.01%

    Turnout: all 72.46% · promoters 99.83% · other public 61.01%

  3. Approval For Increasing the Borrowing Limit Under Section 180 (1)(C) Of Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · other public 0.01%

    Turnout: all 72.46% · promoters 99.83% · other public 61.01%

  4. Approval Under Section 180(1)(a) of the Companies Act, 2013 Inter alia for Creation of Mortgage or Charge on the Assets, Properties or Undertaking(s) of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.46% · promoters 99.83% · institutions 0.00% · other public 61.01%

  5. Appointment of Mr. Mahendra Shukla (DIN: 09461897), as a Whole-Time Director, Executive Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.46% · promoters 99.83% · institutions 0.00% · other public 61.01%

  6. Appointment, Payment of Remuneration, and holding of office or place of Profit by Mr. Viral Mukund Shah (DIN: 00014182) as Executive Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  7. Appointment of Mr. Sajjankumar Nanwal (DIN: 01723254) as an Independent Director
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.46% · promoters 99.83% · institutions 0.00% · other public 61.01%

  8. To Approve Material Related Party Transaction(S) with Shah Agrocorp Private Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  9. To Approve Material Related Party Transactions with Ms. Mona Viral Shah (Promoter and Director of the Company
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  10. To Approve Material Related Party Transactions with Metcorp Trading L.L.C
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  11. To Approve Material Related Party Transactions with Western Urja Private Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  12. To Approve Material Related Party Transactions with General Capital and Holding Company Private Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  13. To Approve Material Related Party Transactions with Gyscoal Enterprise Private Limited;
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  14. To Approve Material Related Party Transactions with Long View Financial Services Private Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  15. To Approve Material Related Party Transactions with Sampati Securities Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  16. To Approve Material Related Party Transactions with Shah Metacorp Holding USA INC
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

  17. To Approve Material Related Party Transactions with Strike Eco Grid Private Limited
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 43.02% · promoters 0.00% · institutions 0.00% · other public 61.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 15 resolutions

1,21,657 shareholders on the register on 23 Sep 2024; present: 5 promoters and 64 others; votes counted by Jatin H. Kapadia / K Jatin & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.01%

    Turnout: all 60.56% · promoters 98.96% · other public 43.40%

  2. To appoint a director in place of Mr. Mahendra Kumar Shukla (DIN: 09461897), who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · other public 0.06%

    Turnout: all 60.57% · promoters 98.96% · other public 43.43%

  3. Increase in Authorized Share Capital of the Company and consequent Alteration to the Capital Clause of Memorandum of Association (MOA) of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · other public 0.02%

    Turnout: all 60.57% · promoters 98.96% · other public 43.43%

  4. Appointment of M/s. K Jatin & Co., Practicing Company Secretary as Secretarial Auditors of the Company for first term of Five years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.01%

    Turnout: all 60.56% · promoters 98.96% · other public 43.40%

  5. Ratification of Remuneration payable to Cost Auditors.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · other public 0.02%

    Turnout: all 60.56% · promoters 98.96% · other public 43.40%

  6. To Approve Advancement of any Loan / Financial Assistance /Give Guarantee/Provide Security/ Letter of Comfort/Letter of Support Under Section 185 of the Companies Act, 2013.
    SpecialPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · other public 0.16%

    Turnout: all 60.56% · promoters 98.96% · other public 43.40%

  7. Approval of remuneration of related party, Mr. Viral Mukund Shah, holding office or place of profit.
    OrdinaryPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · other public 0.16%

    Turnout: all 30.05% · promoters 0.15% · other public 43.40%

  8. To consider and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company with Ms. Mona Viral Shah, Director and Promoter and to pass, with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    OrdinaryPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · other public 0.16%

    Turnout: all 30.00% · promoters 0.00% · other public 43.40%

  9. To consider and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company with Shah Agrocorp Private Limited and to pass, with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · other public 0.14%

    Turnout: all 30.00% · promoters 0.00% · other public 43.40%

  10. To consider and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company with Sampati Securities Limited and to pass, with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · other public 0.14%

    Turnout: all 30.00% · promoters 0.00% · other public 43.40%

  11. To consider and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company Western Urja Private Limited and to pass, with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · other public 0.14%

    Turnout: all 30.00% · promoters 0.00% · other public 43.40%

  12. To consider and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company with Gyscoal Enterprises Private Limited and to pass, with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · other public 0.14%

    Turnout: all 30.00% · promoters 0.00% · other public 43.40%

  13. To consider and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company with General Capital and Holdings Private Limited and to pass, with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    OrdinaryPromoters have an interest in it
    99.85% for0.15% against

    Against: promoters 0.00% · other public 0.15%

    Turnout: all 30.00% · promoters 0.00% · other public 43.40%

  14. To consider and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company with Longview Financials Services Private Limited and to pass, with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · other public 0.14%

    Turnout: all 30.00% · promoters 0.00% · other public 43.40%

  15. To consider and, if thought fit, approve the material related party transaction(s) proposed to be entered into by the Company with Metcorp Trading LLC and to pass, with or without modification(s), the following resolution as an Ordinary Resolution:MoreLess
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · other public 0.14%

    Turnout: all 30.00% · promoters 0.00% · other public 43.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 5 Mar 2025, 6 resolutions

1,20,275 shareholders on the register on 27 Feb 2025; present: 5 promoters and 59 others; votes counted by Jatin H. Kapadia / K Jatin & Co..The company's voting result (opens in a new tab)

  1. To Increase in authorized share capital of the company and consequent amendment in capital clause of the memorandum of association of the company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.91% · promoters 100.00% · institutions 0.00% · other public 42.88%

  2. Issuance of 18,93,32,229 equity shares on a preferential basis (“Preferential Issue”) to the Promoter and Non-Promoter investors for a consideration other than cash
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.91% · promoters 100.00% · institutions 0.00% · other public 42.88%

  3. Issuance of 6,65,00,000 equity shares on a preferential basis (“Preferential Issue”) to the non-promoter investors for cash consideration
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.91% · promoters 100.00% · institutions 0.00% · other public 42.88%

  4. Issue of 4,40,00,000 Convertible Equity Warrants on a preferential basis (“Preferential Issue”) to the Promoter entity for cash consideration
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.91% · promoters 100.00% · institutions 0.00% · other public 42.88%

  5. To consider and approve the material related party transaction(s) proposed to be entered into by the company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 44.26% · promoters 47.50% · institutions 0.00% · other public 42.88%

  6. To consider and approve the material related party transaction(s) proposed to be entered into by the company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 44.26% · promoters 47.50% · institutions 0.00% · other public 42.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 4 resolutions

Present: 5 promoters and 73 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2024.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 42.59% · promoters 98.74% · institutions 0.00% · other public 10.72%

  2. To appoint a Director in place of Mrs. Dipali Manish Shah (DIN 08845576), who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks reappointment.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 42.52% · promoters 98.55% · institutions 0.00% · other public 10.72%

  3. Increase in Authorised share capital of the Company and alteration of capital clause of Memorandum of Association of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 42.59% · promoters 98.74% · institutions 0.00% · other public 10.72%

  4. To Appoint Mr. Adityabhai Jagdishbhai Joshi (DIN:07718831) as an Independent Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 42.59% · promoters 98.74% · institutions 0.00% · other public 10.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Apr 2024, 13 resolutions

The company's voting result (opens in a new tab)

  1. INCREASE IN THE AUTHORIZED SHARE CAPITAL AND CONSEQUENT ALTERATION OFnMEMORANDUM OF ASSOCIATION
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 44.77% · promoters 99.90% · institutions 0.00% · other public 13.54%

  2. ENHANCEMENT OF THE EXISTING LIMIT TO BORROW MONEY PURSUANT TOnSECTION 180(1)(C) OF THE COMPANIES ACT, 2013
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 44.77% · promoters 99.90% · institutions 0.00% · other public 13.53%

  3. TO AUTHORIZE BOARD TO MAKE INVESTMENTS, GIVE LOANS, GUARANTEES AND SECURITY IN EXCESS OF LIMITS SPECIFIED UNDER SECTION 186 OF THE COMPANIES ACT, 2013. n
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 44.77% · promoters 99.90% · institutions 0.00% · other public 13.53%

  4. TO APPROVE THE PRIOR APPROVAL REGARDING RAISING OF FUNDS THROUGH SECURED/UNSECURED LOAN/ ADVANCES WITH AN OPTION TO CONVERSION INTO EQUITY SHARES
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 44.77% · promoters 99.90% · institutions 0.00% · other public 13.53%

  5. Preferential issue and allotment of up to 20,90,00,000 (Twenty Crore Ninety Lakhs only) equity shares either in cash or/and conversion of Loan outstanding in the books at the time of allotment to Non-Promoters and issue up to 4,85,00,000 convertible warrants into equity shares to Mona Viral Shah- Promoters (By conversion of Loan in to Equity or/and in cash) at an issue price of Rs. 3.88 [Rs. 1/- face value + Rs. 2.88/- premium per share]MoreLess
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 39.44% · promoters 85.16% · institutions 0.00% · other public 13.53%

  6. TO CONSIDER AND APPROVE RAISING OF FUNDS THROUGH ISSUANCE OF SECURITIES.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 44.77% · promoters 99.90% · institutions 0.00% · other public 13.53%

  7. TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANy WITH with SHAH AGROCORP PRIVATE LIMITEDn
    OrdinaryPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 8.64% · promoters 0.00% · institutions 0.00% · other public 13.53%

  8. TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANY WITH Ms.Mona Shah, DIRECTOR OF THE COMPANY.
    OrdinaryPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 8.64% · promoters 0.00% · institutions 0.00% · other public 13.53%

  9. TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANY WITH General Capital and Holding Company Private Limited
    OrdinaryPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 8.64% · promoters 0.00% · institutions 0.00% · other public 13.53%

  10. TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANY WITH .Gyscoal Enterprises Private Limited
    OrdinaryPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 8.64% · promoters 0.00% · institutions 0.00% · other public 13.53%

  11. TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANY WITH Sampati Securities Limited
    OrdinaryPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 8.64% · promoters 0.00% · institutions 0.00% · other public 13.53%

  12. TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANY WITH Longview Financial Services Private Limited
    OrdinaryPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 8.64% · promoters 0.00% · institutions 0.00% · other public 13.53%

  13. TO CONSIDER AND APPROVE THE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANY WITH Western Urja Private Limited
    OrdinaryPromoters have an interest in it
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 8.64% · promoters 0.00% · institutions 0.00% · other public 13.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2023, 6 resolutions

Present: 5 promoters and 45 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 including audited Balance Sheet as at March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 34.18% · promoters 76.21% · institutions 0.00% · other public 10.37%

  2. To appoint a Director in place of Mrs. Mona Viral Shah (DIN 02343194), who retires by rotation, in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 6.69% · promoters 0.19% · institutions 0.00% · other public 10.37%

  3. Alteration of the Objects Clause of the Memorandum of Association of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 34.18% · promoters 76.21% · institutions 0.00% · other public 10.37%

  4. To approve increase in authorized share capital of the Company and consequent amendment of Memorandum of Association of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 34.18% · promoters 76.21% · institutions 0.00% · other public 10.37%

  5. To Re-appoint Mr. Mahendra Shukla (DIN: 09461897) as an Executive Director of the company to fix his remuneration for a period of 3 (Three) years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 34.18% · promoters 76.21% · institutions 0.00% · other public 10.37%

  6. To Re-appoint Ms. Mona Shah (DIN: 02343194) as an Executive Director and Chairperson of the company to fix her remuneration for a period of 5 (Five) years.
    SpecialPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 6.69% · promoters 0.19% · institutions 0.00% · other public 10.37%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtStrike Eco Grid Private LimitedSince 25 Apr 2026

    26.00% bought in the quarter; holding 26.00%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Rights IssuesJun 2026, checked by INFOMERICS VALUATION AND RATING LIMITED47.22Providing Inter-Corporate Loans to our Subsidiaries, Western Urja Private Limited and Metcorp Trading LLC, for meeting their business expansion3.380.00NoAudit committee: The Company has allotted the shares under Rights Issue on 30.06.2026 and as on 30.06.2026 fund was laying in the escrow account. Hence, there was no utilisation of Fund during the quarter.
Rights IssuesJun 2026, checked by INFOMERICS VALUATION AND RATING LIMITED47.22Equity Investment and Provision of Working Capital Loan to Shah Metacorp Holdings USA INC for International Expansion.2.880.00NoAudit committee: The Company has allotted the shares under Rights Issue on 30.06.2026 and as on 30.06.2026 fund was laying in the escrow account. Hence, there was no utilisation of Fund during the quarter.
Rights IssuesJun 2026, checked by INFOMERICS VALUATION AND RATING LIMITED47.22Adjustment of Unsecured Loans of the Ms. Mona Shah, Director and Promoter of our Company through conversion of the outstanding Loan to Equity against their Rights Entitlement.15.370.00NoAudit committee: The Company has allotted the shares under Rights Issue on 30.06.2026 and as on 30.06.2026 fund was laying in the escrow account. Hence, there was no utilisation of Fund during the quarter.
Rights IssuesJun 2026, checked by INFOMERICS VALUATION AND RATING LIMITED47.22Augmenting the working capital base of our Company to meet its incremental working capital requirements.16.170.00NoAudit committee: The Company has allotted the shares under Rights Issue on 30.06.2026 and as on 30.06.2026 fund was laying in the escrow account. Hence, there was no utilisation of Fund during the quarter.
Rights IssuesJun 2026, checked by INFOMERICS VALUATION AND RATING LIMITED47.22General Corporate Purposes9.160.00NoAudit committee: The Company has allotted the shares under Rights Issue on 30.06.2026 and as on 30.06.2026 fund was laying in the escrow account. Hence, there was no utilisation of Fund during the quarter.
Rights IssuesJun 2026, checked by INFOMERICS VALUATION AND RATING LIMITED47.22Rights Issue Related expenses0.270.00NoAudit committee: The Company has allotted the shares under Rights Issue on 30.06.2026 and as on 30.06.2026 fund was laying in the escrow account. Hence, there was no utilisation of Fund during the quarter.
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.