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Shah Metacorp Limited (formerly Gyscoal Alloys Limited) announced that its Board of Directors, in a meeting held on December 29, 2025, approved several key resolutions. The company plans to issue fully paid-up Equity Shares worth up to ₹50 Crore through a Rights Issue to eligible equity shareholders. The specific terms, including issue price and record date, will be determined later. The Board also reconstituted the Rights Issue committee, appointing Mona Viral Shah as Chairperson.

Furthermore, the company will invest up to USD 100,000 in its subsidiary, Shah Metacorp Holdings USA INC, during FY2025-26 and FY2026-27, subscribing to up to 50% of its share capital. This investment aims to enhance the product portfolio and diversify offerings.

Additionally, the Board approved modifications to the loan agreement with Ms. Mona Viral Shah, dated March 31, 2025. The agreement, originally for working capital, will now include a clause allowing the conversion of the loan into capital under the proposed rights issue, subject to shareholder and regulatory approvals. This conversion is a related party transaction. The original loan agreement was executed on May 06, 2025, with a size of up to ₹75 Crore.

The company also approved the appointment of intermediaries for the Rights Issue, the appointment of a scrutinizer, and fixed the date and time for a postal ballot. The Board meeting commenced at 08:30 p.m. and concluded at 9:30 p.m.