Shivam Autotech adopts FY26 financials, approves capital hike
- Shivam Autotech held its 21st AGM on September 25, 2026, via video conferencing
- Shareholders adopted audited financial statements for FY26 and approved a capital increase
- Yogesh Chander Munjal was re-appointed as a director retiring by rotation
- 107 members attended the virtual meeting which lasted approximately one hour
*this image is generated using AI for illustrative purposes only.
Shivam Autotech held its 21st Annual General Meeting on September 25, 2026, where shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026. The meeting also approved an increase in the company's authorized share capital and the re-appointment of a director.
The proceedings were conducted through video conferencing and other audio-visual means, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 107 members attended the virtual meeting. The session commenced at 12:00 pm and concluded at 01:01 pm, including time allocated for voting.
Key resolutions passed
The members considered and voted on three primary agenda items during the meeting. The resolutions included the adoption of annual accounts, director re-appointment, and capital structure changes.
| Agenda item | Resolution type |
|---|---|
| Adoption of audited financial statements for FY26 | Ordinary |
| Re-appointment of Yogesh Chander Munjal as director | Ordinary |
| Increase in authorized share capital | Ordinary |
Governance and attendance
The meeting was chaired by Yogesh Chander Munjal, Chairman and Non-Independent Non-Executive Director. Other key personnel present included Neeraj Munjal, Managing Director; Charu Munjal, Executive Director; and Sunil Chinubhai Vakil, Independent Director. Devendra Kumar Goyal served as Chief Financial Officer, while Mehvish acted as Company Secretary and Compliance Officer.
Dr. Anil Kumar Gupta, Independent Director, was granted leave of absence due to medical emergencies. He authorized Sunil Chinubhai Vakil to represent him before the shareholders. The Board appointed Yogesh Kumar from M/s Yogesh K & Associates as the scrutinizer to oversee the e-voting process.
Voting and compliance details
Since the AGM was held virtually, proxy appointments were not applicable. Statutory registers, including those for directors' shareholding and contracts, were made available for electronic inspection by members. The Managing Director addressed the members regarding the company's performance during FY26 and highlighted observations from the Auditors' and Secretarial Audit Reports.
The results of the remote e-voting and on-meeting e-voting are scheduled to be announced within two working days of the meeting's conclusion. These results will be disseminated to stock exchanges and hosted on the company's website and the NSDL platform.
Historical Stock Returns for Shivam Autotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.40% | +7.29% | +6.56% | +13.90% | -45.41% | -15.76% |
How will the increase in authorized share capital be utilized, and does it signal upcoming equity dilution or debt restructuring plans?
What specific operational or financial challenges did the FY26 audited statements reveal that might impact Shivam Autotech's future capital expenditure strategy?
Given the family-centric leadership structure, how might Yogesh Chander Munjal’s re-appointment influence long-term governance reforms or independent oversight expectations?
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