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Shah Metacorp Limited (formerly Gyscoal Alloys Limited) announced the outcome of its Board of Directors meeting held on December 29, 2025. The Board approved the issuance of fully paid-up Equity Shares amounting to ₹50 Crore by way of a Rights Issue to eligible equity shareholders. The specific terms, including the issue price and record date, will be determined and disclosed subsequently.

Additionally, the company approved an investment of up to USD 100,000 in its subsidiary, Shah Metacorp Holdings USA INC, during FY2025-26 and FY2026-27. This investment aims to enhance product portfolio, add value-added services, and diversify offerings.

The Board also reconstituted the Rights Issue Committee, appointing Mona Viral Shah as Chairperson. Furthermore, it approved the modification of a loan agreement dated March 31, 2025, with Ms. Mona Viral Shah, allowing for the conversion of the loan into capital under the proposed rights issue, subject to shareholder and regulatory approvals. This conversion is considered a related party transaction.

The company also approved the appointment of intermediaries for the Rights Issue and fixed the date and time for a postal ballot, along with approving the draft notice for the same. The Board meeting commenced at 8:30 p.m. and concluded at 9:30 p.m.