Shah Metacorp Limited's Rights Issue Committee has rescinded its prior decision to extend the Rights Issue closing date, opting instead for a shortened extension.

The Rights Issue, which opened earlier, will now close sooner than previously decided, subject to stock exchange approval.

This adjustment aims to ensure expedited allotment and early listing for shareholders.

The ongoing Rights Issue involves up to 10,24,68,139 fully paid-up equity shares of face value ₹1 each at an issue price of ₹4.86 per share, aggregating up to ₹49.80 Cr.

If the company does not receive approval for the reduced extension, the Rights Issue will remain open for the previously approved longer period.