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Penny Stock Below ₹ 5 Hits 20% Upper Circuit after this update from the company’s promoter

A penny stock below 5, Shah Metacorp, Surged 20 per cent to hit it its upper circuit in the bse on Thursday, June 12. Shah metacorp share price opened at 3.15 Against Its Previous Close of 3.14 and surgged as much as 19.75 per cent to have it its upper circuit of 3.76, Looking Set to Extend Gains to the Fourth Consective Session.

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Shah Metacorp: Promoter Sharelding Update

According to the exchange filing, the company’s promoter mona viral shah acqured 3,55,00,000 equity shares of face value of 1 Each, or 4.99 per cent stake, in the company through conversion of warrant ised on preferredal bases on August 2, 2024.

Before the Acquisition, Mona Viral Shah Held 6,82,06,084 Shares, Equivalent to 11.48 per cent stake, in the company, which rose to 10,37,06,084 shares (16.48 per cent stake).

Equity shares were allotted on June 9, 2025, but they have not been credited, and the application is pending with the exchange.

The total voting capital of shah metacorp before the acquisition study at 59,38,78,676, which rose to 62,93,78,676 equity shares after the accounting.

Shah metacorp share price trend

Shah metacorp shares hit their 52-wheek high of 7.40 on August 7 last year and a 52-wheelk low of 2.72 on may 9 this year.

Year-to-date, the stock has declined over 17 per cent. However, on a monthly scale, it has jumped 21 per cent in June after 1 per cent gain in may and a 7 per cent Gain in April.

Over the last year, the penny stock has declared 10 per cent.

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Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investment Decisions, As Market Conditions Can Change Rapidly, and Circumstances May Vary.

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