Shivam Autotech Limited will hold a board meeting on October 8, 2026, to determine the issue price and terms of its proposed rights issue. The company aims to raise funds through the issuance of fully paid-up equity shares to eligible shareholders.

This action follows the Board of Directors' approval of the fundraising plan on July 1, 2026. The upcoming meeting will specifically address the pricing structure, entitlement ratio, and schedule for the rights issue.

Key agenda items

The Board is scheduled to consider and approve several critical components of the corporate action:

• Pricing terms, rights entitlement ratio, and schedule of the proposed rights issue.
• The Letter of Offer, Abridged Letter of Offer, Rights Entitlement Letter, and Application Form.
• Fixing the record date for the rights issue.
• Any other matters with the permission of the Chairperson.

Trading window closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and internal policies, the trading window for dealing in the company's securities was closed effective October 1, 2026. This closure is in connection with the consideration and approval of unaudited financial results for the quarter and half year ended September 30, 2026. The window will remain closed until 48 hours after the declaration of these financial results.

Shivam Autotech shareholders overwhelmingly approved all three agenda items at the 21st Annual General Meeting held on September 25, 2026. The resolutions included the adoption of audited financial statements for FY26, the re-appointment of a director, and an increase in authorized share capital.

The meeting was conducted via video conferencing in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 107 members attended the virtual session, which commenced at 12:00 pm and concluded at 01:01 pm. The results of the remote e-voting were scrutinized by Yogesh Kumar of M/s Yogesh K & Associates.

Voting outcomes detailed

The scrutinizer's report dated September 26, 2026, confirmed that all ordinary resolutions passed with significant majority support. The adoption of annual accounts received 99.9% votes in favor, while the capital structure changes and director re-appointment also secured similar overwhelming approval from voting shareholders.

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 Managing Director addressed the members regarding the company's performance during FY26 and highlighted observations from the Auditors' and Secretarial Audit Reports.

Compliance and next steps

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 voting results and the Consolidated Scrutinizer's Report have been submitted to both NSE and BSE and are available on the company's website.

What the numbers show

The voting data reveals a high concentration of promoter influence in decision-making. Promoters and the promoter group voted on 91,417,272 shares, casting 100% of their votes in favor of all three resolutions. In contrast, public non-institutional investors voted on only 134,621 shares. While the overall public vote against the director re-appointment was minimal at 0.1% (112,661 votes), this figure represents a significant portion of the small number of shares actually voted by the public category, highlighting that the outcome was driven almost entirely by promoter consensus.