Updates

LIMITED August 12,2026 To, To, Bombay Stock Exchange Limited National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, C-1, Block G, Rotunda Building, P. J. Tower, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumb-a 40i0 001. Mumb-a 4i00 051 Scrip Code: 533275 Company Symbol: SHAH Dear Sir/Madam, Sub.: Submission of outcome of Board Meeting in compliance with the Regulation 30, 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). With reference to above mentioned Subject, we wish to inform you that the Board of Directors at their today’s Meeting i.e. Wednesday, August 12, 2026 have besides other matters, inter alia approved: 1. Unaudited Standalone & Consolidated Financial Results along with the Limited Review report issued by M/s. Ashok Dhariwal & Co., Statutory Auditor for the quarter ended on June 30, 2026 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. On the recommendation of the Audit Committee, the Board has approved the appointment of M/s. R ] & Associates, Practicing Cost Accountants (Firm Reg. No. 004690, M. No. 35524) as the Cost Auditor of the company to audit the cost records for the financial year 2026-2027, subject to ratification of fees by members of the Company at ensuing Annual General Meeting. Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO0/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026 are enclosed herewith as "Annexure 1”. L46209GI1999PL.C036656 LIMITED The Board Meeting was commenced at 01.30 P.M. and Concluded at 02.40 P.M. Please find attached herewith, the approved Unaudited Standalone and Consolidated Financial Results along with Auditors’ Limited Review Report for the quarter ended on June 30, 2026 and same is also available on the website of the company under section Investor Relation viz. www.shahmetacorp.com, You are requested to take the above disclosure on record. Thanking you. Yours faithfully, For SHAH METACORP LIMITED Hiral Patel Company Secretary L46209GI1999PL.C036656 SHAH METAC@R? LIMITED Annexure - A Disclosure of information pursuant to regulation 30 of SEBI LODR Regulations read with SEBI's circular No. H0/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026: Appointment of M/s. R] & Associates as Cost Accountants of the Compan Sr.No. | Particulars Disclosure 1. Name, Address, e-mail ID of the M/s.R] & Associates, Cost Accountants. of Auditor Address: S. F. 204, Ratnadeep Flora, New Ranip, Ahmedabad - Gujarat Email Id: cmarahulmodh@gmail.com, Mobile No.: +91-9909302322 2. reason for change viz. | Appointed to conduct the Cost Audit for the appointment, re-appointment, | financial year 2026- 27. resignation, removal, death or otherwise; 3. date of appointment/re- | Date of Appointment: August 12, 2026 appointment/cessation (as | Term of Appointment: For the Financial Year applicable) & term of | 2026-2027. appointment/re-appointment; 4. brief profile (in case of M/s. R ] & Associates, Cost Accountants, have appointment); extensive and varied experience in the areas of accounts, costing, taxation, and finance & management accountancy. We have worked in different industries including Cement, Petroleum, Edible oil, Textile, Dairy, Steel, Chemicals, Automobiles, Pharmaceutical, Plastic industry, etc. We offer a variety of services to our clients with a high standard of professionalism gained out of the practical experience and their suitable application to the facts, intellectual and constructive thinking leading to amicable solutions to the given problem. Forte areas range from providing services to Corporate Bodies, Trusts, Societies and L46209GI1999PL.C036656 LIMITED Institutions in various Cost Accounting Record Rules and Cost Audit Report Rules, Legal Compliances, Updates and Amendments in applicable laws. disclosure of relationships between | Not Applicable directors (in case of appointment of a director). © hahgroug 1 L46209GI1999PLCO36656 ASHOK DHARIWAL & CO. A-611 Ratnaakar Nine Square CHARTERED ACCOUNTANTS Vastrapur, Ahmedabad- 15 Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Shah Metacorp Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report To the Board of Directors SHAH METACORP LIMITED 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of SHAH METACORP LIMITED (“the company”), for the quarter ended June 30, 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This statement, which is the responsibility of the Company’s Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, ‘Review of Interim Financial Information performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would became aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Emphasis of Matter We draw attention to the following notes forming part of the Unaudited Ind AS Standalone Financial Results for the quarter ended June 30, 2026: a) Note 8 to the financial results regarding long outstanding trade receivables aggregating to Rs. 76.26 Crores outstanding from an overseas customer, which have remained unrealised for a substantial period of time. The Company has entered into a Memorandum of Understanding (“MOU”) with the aforesaid overseas customer for proposed settlement of outstanding export dues at a substantially reduced value and over an extende period. The management has represented that the said receivables are re that settlement is expected in subsequent quarters of the current financial year. Based on such assessment, the Company has recognised a provision for doubtful debts amounting tc Rs. 56.89 Crores up to 31% March 2026 against the aforesaid balance. ’ The proposed settlement under the MOU is subject to various commercial and recoverability considerations, including compliance with the agreed repayment terms by the overseas customer and realization of amounts as envisaged therein. Accordingly, the ultimate realization of the aforesaid receivables, consequential financial impact, adequacy of provision for doubtful debts and related regulatory implications, if any, are dependent upon future events, actual recoveries and management assessment. b) Note No. 6 to the financial results in relation to issue of 9,71,63,362 Equity Shares of Face Value of Rs. 1/- each ("Rights Equity Shares") to the Public Eligible Equity Shareholders at an issue pr [Showing first 8,000 characters — download PDF for full document]