Shivalik Bimetal Controls approves AOA amendment for capital raising

0 min read | Published on 02 Sept 2026, 06:27 PM |Updated on 02 Sept 2026, 06:27 PM

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Anirudha BScanX News Team

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Key Highlights

Shivalik Bimetal Controls shareholders approved an AOA amendment at the AGM on September 2, 2026
The change enables future capital raising through equity, convertible securities, and warrants
No immediate issuance of securities is authorized by this resolution
Remote e-voting was conducted from August 30 to September 1, 2026

*this image is generated using AI for illustrative purposes only.

Shareholders of Shivalik Bimetal Controls approved an amendment to the Articles of Association at the Annual General Meeting held on September 2, 2026. The resolution enables future capital raising initiatives and corporate actions.

The amendment is enabling in nature. It does not authorize or result in the immediate issuance of any securities. Future issuances will remain subject to the Companies Act, 2013, SEBI regulations, and necessary shareholder approvals.

Resolution Details

The Board of Directors proposed the amendment to provide greater flexibility for undertaking corporate actions. Shareholders passed the special resolution after utilizing remote e-voting facilities available from August 30, 2026, at 9:00 am to September 1, 2026, at 5:00 pm.

Scope of Amendment

The updated Articles of Association incorporate provisions permitting the issuance of various instruments as permissible under applicable laws. These include:

Equity shares
Convertible securities
Warrants
Other approved securities or instruments

Any future issuance will require compliance with statutory requirements and regulatory approvals. The company disclosed this development pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015.

Historical Stock Returns for Shivalik Bimetal Controls

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.49%	-7.75%	+1.64%	+174.95%	+113.28%	+482.73%

What specific strategic initiatives or expansion projects is Shivalik Bimetal Controls likely to fund with the newly enabled capital raising flexibility?

How might the approval of convertible securities and warrants impact existing shareholder equity dilution in future financing rounds?

Given the current market conditions for industrial manufacturing stocks, when is the company expected to initiate its first capital raising exercise under these new provisions?

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Shivalik Bimetal Controls announces demise of independent director

0 min read | Published on 01 Sept 2026, 06:46 PM |Updated on 01 Sept 2026, 06:46 PM

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Jubin VScanX News Team

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Key Highlights

Shivalik Bimetal Controls announced the demise of independent director Mr. Swarnjit Singh on September 1, 2026
His role as Non-Executive Independent Director ceased effective from the date of death
The Board expressed condolences to the family in a regulatory filing to BSE and NSE
Disclosures were made under Regulation 30 of SEBI Listing Obligations Regulations

*this image is generated using AI for illustrative purposes only.

Shivalik Bimetal Controls announced the demise of its independent director, Mr. Swarnjit Singh, on September 1, 2026. The company confirmed the cessation of his role effective from the date of death.

The Board of Directors and management expressed their deepest condolences to the bereaved family. Mr. Singh, holding DIN 07409567, served as a Non-Executive Independent Director.

Regulatory Disclosure

The intimation was issued pursuant to Regulation 30(2) and (6) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.