Shivam Autotech corrects XBRL filing discrepancies

1 min read     Updated on 21 Jul 2026, 12:50 AM
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Reviewed by
Naman SScanX News Team
AI Summary

Shivam Autotech Limited revised its XBRL filing to correct discrepancies in quarterly and yearly figures and the Cash Flow Statement. The company confirmed the PDF version submitted earlier was accurate and attributed the mismatch to an inadvertent error during document preparation. The revised filing has been submitted to the National Stock Exchange of India for record.

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Shivam Autotech Limited submitted a revised XBRL filing to the National Stock Exchange of India to correct discrepancies in its financial results reported on July 13, 2026. The company identified errors in the quarterly and yearly figures as well as a mismatch in the Cash Flow Statement compared to the PDF financial results previously submitted to the exchange. The corrections ensure the XBRL instance document now aligns with the accurate financial data contained in the PDF version.

The discrepancies arose due to an inadvertent error while preparing and uploading the XBRL instance document. The company clarified that the PDF version of the financial results, which was submitted earlier, always contained the correct financial information. Following a review, shivam autotech updated the filing to incorporate the correct figures and the Cash Flow Statement.

Key Discrepancies Addressed

The revised filing addressed specific deficiencies highlighted by the exchange regarding the initial submission:

  • Incorrect quarterly and yearly figures provided in the XBRL filing.
  • Mismatch in the Cash Flow Statement between the XBRL filing and the PDF financial results submitted to the Exchange.

The company, through its Company Secretary & Compliance Officer Mehvish, expressed regret over the inadvertent error and assured the exchange that greater care would be exercised in future filings to prevent recurrence. The exchange has been requested to place the revised XBRL filing on record.

Historical Stock Returns for Shivam Autotech

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%+3.40%+9.91%-19.30%-40.71%-31.09%

How might this filing error impact investor confidence in Shivam Autotech's internal financial controls?

Will the National Stock Exchange impose any penalties or require additional audits following these discrepancies?

What specific internal checks is the company implementing to prevent similar XBRL filing errors in the future?

Shivam Autotech approves ₹12,000 Lakh rights issue of equity shares

1 min read     Updated on 02 Jul 2026, 06:31 PM
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Shriram SScanX News Team
AI Summary

Shivam Autotech Limited's Board approved a rights issue of equity shares aggregating up to ₹12,000 Lakhs on July 1, 2026. The company appointed Ms. Mehvish as Company Secretary and Compliance Officer, effective immediately. Specific terms for the rights issue will be disclosed later.

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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:

Particulars Details
Type of Securities Equity Shares
Type of Issuance Rights Issue
Total Amount ₹12,000 Lakhs
Face Value ₹2 each

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.

Historical Stock Returns for Shivam Autotech

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%+3.40%+9.91%-19.30%-40.71%-31.09%

What specific capital allocation plans does Shivam Autotech intend to fund with the ₹12,000 Lakhs raised?

How will the rights issue pricing and entitlement ratio impact existing shareholder dilution?

What is the expected timeline for receiving regulatory approvals and launching the issue?

More News on Shivam Autotech

1 Year Returns:-40.71%