Shivam Autotech Limited has approved a proposal to raise funds through a rights issue of equity shares worth up to ₹12,000 Lakhs. The decision was taken by the Board of Directors during a meeting held on July 1, 2026. The company also appointed Ms. Mehvish as Company Secretary and Compliance Officer effective the same day.

The rights issue will involve the issuance and allotment of equity shares with a face value of ₹2 each, with the aggregate amount not exceeding ₹12,000 Lakhs. The issuance is subject to receipt of regulatory and statutory approvals, including provisions under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013.

Rights Issue Details

The company has approved the draft letter of offer to seek in-principle approvals from BSE and NSE for the proposed rights issue. Specific terms — including the issue price, rights entitlement ratio, record date, timing of the issue, and terms of payment — will be determined by the Board and disclosed to the exchanges in due course. The key parameters of the proposed rights issue are outlined below:

Appointment of Key Managerial Personnel

The Board approved the appointment of Ms. Mehvish as Company Secretary and Compliance Officer (Key Managerial Personnel), effective from July 1, 2026. She is an Associate Member of the Institute of Company Secretaries of India and brings experience in dealing with the Companies Act, Listing Regulations, and allied laws.

The Board meeting commenced at 12:20 P.M. and concluded at 19:10 P.M. on July 1, 2026.

Shivam Autotech Limited has scheduled a meeting of its Board of Directors on July 1, 2026, to consider a proposal for raising funds through a rights issue. The primary agenda involves evaluating the offer and issuance of fully paid-up equity shares to eligible equity shareholders. This strategic move aims to bolster the company's capital base in compliance with applicable regulations.

Agenda Details

The Board will deliberate on the fund-raising proposal under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The meeting will also cover related matters, including the constitution of a special committee of the Board of Directors and determining the size of the issuance. The proposal is subject to necessary regulatory and statutory approvals.

Regulatory Compliance

The meeting is convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation regarding the meeting has been disseminated to the National Stock Exchange of India Limited and The BSE Limited. The company's website will host the copy of the intimation for shareholder reference.