Shah Metacorp eyes larger stake in Strike Eco Grid for solar pivot

Shah Metacorp is testing the waters for a deeper entry into the solar EPC space. Having completed a nominal ₹52,000 investment to pick up a 26% stake in Strike Eco Grid Private Limited, the board now wants to explore raising that position to 75%. Included in that preliminary assessment is a potential ₹25 crore funding commitment for solar projects. For a nano-cap valued at ₹465 crore, a ₹25 crore outlay is a material pivot, though the proposal currently carries no firm commitment. Alongside this, the board addressed routine housekeeping, including a corrigendum for rights issue filings and the appointment of a new secretarial auditor to fill a recent vacancy. A separate ₹1.7 crore cash infusion into its US subsidiary rounds out the update. None of these changes are immediate, but they frame the company’s current interest in shifting its capital allocation toward renewable infrastructure.