Shivam Autotech Limited has issued a clarification to the National Stock Exchange of India Limited and BSE Limited regarding significant movement in its share price, responding to surveillance inquiries dated April 09, 2026.

Regulatory Compliance and Disclosure

The company addressed inquiries from both major stock exchanges through reference numbers NSE/CM/Surveillance/16770 and L/SURV/ONL/PV/APJ/2026-2027/3675. In its response, Shivam Autotech emphasized its consistent compliance with all applicable provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Position on Price Movement

Shivam Autotech confirmed that no material information, event, or development has been withheld by the company that could influence the price or volume behavior of its shares. The company reiterated its commitment to making all requisite disclosures in a timely, accurate, and transparent manner to stock exchanges.

The management attributed the recent share price movement to market-driven factors and general market conditions rather than any specific corporate developments or undisclosed information.

Corporate Communication Details

The clarification was signed by Shakti Kant Mahana, Company Secretary (Membership No. 69273), and submitted digitally on April 09, 2026. The company has provided contact information for any further inquiries, including phone number 9560475735 and email cs@shivamautotech.com .

The company's registered office is located at 10, 1st Floor, Emaar Digital Greens, Tower A, Sector 61, Golf Course Extension Road, Gurugram, Haryana-122102.

Shivam Autotech Limited has disclosed receiving a significant GST order from tax authorities, involving substantial financial implications for the automotive component manufacturer. The company made this disclosure in compliance with SEBI listing regulations on April 1, 2026.

GST Order Details

The Central Goods and Services Tax Commissionerate, Dehradun, issued Order No. 82/ADC/DDN/2026 on March 31, 2026, under Section 74(9) of the CGST Act, 2017. The order was passed by the Additional Commissioner and pertains to the disallowance of Input Tax Credit (ITC).

Financial Impact

The GST order carries significant financial implications for the company, with the total exposure exceeding ₹45 crore when combining tax demand and penalties.

Company's Response

Shivam Autotech has expressed confidence in its position regarding the GST matter. The company believes it has a strong case on merits and characterizes the issue as a matter of reconciliation rather than a fundamental compliance violation.

The automotive component manufacturer has indicated its intention to contest the order through proper legal channels. The company plans to make its submissions before the appropriate forum within the timelines specified by the tax authorities.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders. The company provided comprehensive details as required under the listing regulations, including the nature of violations alleged and potential financial impact.

This development represents a significant regulatory matter for Shivam Autotech, which operates in the automotive components sector and maintains its registered office in Gurugram, Haryana.