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Shah Metacorp Limited (formerly Gyscoal Alloys Limited) announced key decisions made during its Board of Directors meeting held on December 29, 2025.

The Board has approved the issuance of fully paid-up Equity Shares worth up to ₹50 Crore through a Rights Issue to eligible equity shareholders. The specific terms, including issue price, entitlement ratio, record date, and payment timelines, will be determined and disclosed later. The company also reconstituted its Rights Issue committee, effective December 29, 2025, with Mona Viral Shah as Chairperson.

Furthermore, the company approved an investment of up to USD 100,000 in its subsidiary, Shah Metacorp Holdings USA INC, by subscribing to its share capital in one or more tranches during FY2025-26 and FY 2026-27. This investment aims to enhance product portfolio, value-added services, and diversification of offerings.

The Board also approved modifications to the original loan agreement dated March 31, 2025, with Ms. Mona Viral Shah. The modification allows for the conversion of the outstanding loan, up to ₹75 Crore, into equity shares under the proposed rights issue, subject to shareholder approval via postal ballot and regulatory clearances. This conversion is considered a related party transaction and is expected to reduce the company's debt obligations, though it may lead to equity dilution for existing shareholders.

Additionally, the company approved the appointment of intermediaries for the Rights Issue, approved the draft notice of the Postal Ballot, appointed a scrutinizer, and fixed the date and time for the postal ballot. The Board meeting commenced at 8:30 p.m. and concluded at 9:30 p.m.