SHAH METACORP LIMITED — Proxy Solicitation & Information Statement 2025

May 14, 2025

(Formerly known as Gyscoal Alloys Limited)

May 13, 2025

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To, Bombay Stock Exchange Limited 1st Floor, New Trading Ring, Rotunda Building, P. J. Tower, Dalal Street, Mumbai – 400 001. Scrip Code: 533275	To, National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Company Symbol: SHAH

CORRIGENDUM TO THE NOTICE OF EXTRA-ORDINARY GENERAL MEETING(EGM) FOR THE ATTENTION OF THE SHAREHOLDERS OF SHAH METACORP LTD (THE COMPANY)

This Corrigendum should be read in continuation of and in conjunction with the Notice of ExtraOrdinary General Meeting of the company. Capitalized terms used but not de�ined in this Corrigendum shall have the same meaning assigned to such terms in the notice of the EGM of the company. Shareholders of the company are requested to note the amendments.

1. Under point number 12 of Item No. 2 (explanatory statement):

The disclosure stating, "The equity shares are being allotted for a consideration other than cash as full consideration payable to the allottee for the acquisition share of four investee companies as mentioned above," contains a minor typographical error. The word "four" should be read as "for". The corrected sentence should read:

"The equity shares are being allotted for a consideration other than cash as full consideration payable to the allottee for the acquisition share for investee companies as mentioned above."

2. Under point number 15 of Item No. 4:

“The entire pre-preferential allotment shareholding of the allottees, if any, shall be locked-in from the relevant date up to a period of 90 trading days from the date of trading approval,” is inconsistent with Regulation 167(6) of SEBI (ICDR) Regulations, 2018, particularly as the issue pertains to warrants.

The corrected version:

"The pre-preferential holding of the allottees shall be locked-in from the relevant date up to a period of 90 trading days from the date of allotment of such securities."

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(Formerly known as Gyscoal Alloys Limited)

3. Under Resolution no. 02:

there is change in the total number of equity shares proposed to be issued on a preferential basis under Resolution No. 02 of the EGM Notice. The revised figure of Shares is 18,93,32,190 at the place of 18,93,32,229.

4. In point no. 11 of Item no. 02 of explanatory statement :

consolidated shareholding pattern after giving effect of resolution no. 03 & 04 (i.e. after incorporating the entire number of equity shares and warrants proposed to be issued under this application and after reducing 39 shares as per direction received from BSE Limited) is added.

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Sr. Category of shareholders Pre- Issue Shareholding Post-Issue Shareholding (after
No. 3 [rd] Issue-on fully diluted basis)
No. of % of Total No. of % of
Shares shareholdi Shares Total
ng sharehol
ding
A Promoter and Promoter Group
1. Indian
a. Individuals/Hindu undivided Family 10,06,27,545 16.94 18,38,05,895 20.57
b. Promoter Group Holding 8,27,31,331 13.93 8,27,31,331 9.26
Sub-Total (A)(1) 18,33,58,876 30.87 26,65,37,226 29.82
2 Foreign Promoters -- -- -- --
Non-Resident Individuals - - -- --
Sub-Total (A)(2) -- -- -- --
Total Shareholding of Promoter and 18,33,58,876 30.87 26,65,37,226 29.82
Promoter Group (A) = (A)(1) + (A)(2)
B Non-Promoters Holding– - - -- --
1. Institutions (Domestic) 1,000 0.00 1,000 0.00
Sub-Total (B)(1) 1,000 0.00 1,000 0.00
2. Institutions (Foreign) -- -- -- --
Sub-Total (B)(2) -- -- -- --
3. Central Government / State Government(s) -- -- -- --
Sub-Total (B)(3) -- -- -- --
4. Non-Institution
a. Directors and their relatives -- -- -- --
b. Key Managerial Personnel 120 0.00 120 0.00
d. Relatives of promoters (other than 'immediate relatives' of
promoters disclosed under 'Promoter and Promoter Group'
category)
e. Resident Individuals holding nominal share 16,30,84,576 27.46 16,30,26,263 18.24
capital up to Rs. 2 lakhs
f. Resident Individuals holding nominal share 12,51,78,732 21.08 30,43,93,885 34.06
capital in excess of Rs. 2 lakhs
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(Formerly known as Gyscoal Alloys Limited)

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Sr. Category of shareholders Pre- Issue Shareholding Post-Issue Shareholding (after
No. 3 [rd] Issue-on fully diluted basis)
No. of % of Total No. of % of
Shares shareholdi Shares Total
ng sharehol
ding
g. Non-Resident Indians (NRIs) 33,53,776 0.56 33,53,776 0.38
h. Bodies Corporate 10,15,25,195 17.10 10,15,25,195 11.36
i. Any Other 1,73,76,401 2.93 5,48,76,401 6.14
(i) Hindu Undivided Families
(ii) LLP
(iii) Clearing Members
Sub-Total (B)(4) 41,05,18,800 69.13 62,71,73,640 70.18
Total Public Shareholding (B) = 41,05,19,800 69.13 62,71,73,640 70.18
(B)(1)+(B)(2)+(B)(3)+ (B)(4)
Total (A+B) 59,38,78,676 100.00 89,37,10,866 100.00
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5. Under Item No. 2, 3 &4:

Link to a direct and specific path to access the valuation report obtained by the company is mentioned here: https://www.gyscoal.com/wpcontent/uploads/2025/valuation_report_egm_05.03.2025.pdf

Kindly take the same on your record.

Thanking You,

Yours faithfully,

For, Shah Metacorp Limited (Formerly known as Gyscoal Alloys Limited)

Digitally signed by Patel Hiral Patel Hiral Vinodbhai Vinodbhai Date: 2025.05.13 19:45:26 +05'30'

Hiral Patel

Company Secretary and Compliance Of�icer

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