Shivam Autotech Limited Announces Postal Ballot Results with Strong Shareholder Approval

Shivam Autotech Limited has successfully concluded its postal ballot process, with shareholders demonstrating strong support for the company's strategic initiatives through overwhelming approval of all proposed resolutions.

Postal Ballot Process and Participation

The postal ballot was conducted exclusively through remote e-voting from December 02, 2025 at 9:00 AM to December 31, 2025 at 5:00 PM. The company had 31,168 total shareholders on the record date of November 28, 2025. The voting process was managed by NSDL's e-voting platform, with CS Yogesh Kumar of Yogesh K & Associates serving as the scrutinizer.

A corrigendum was issued on December 16, 2025, allowing shareholders to modify their votes during the remaining voting period, with the final vote cast being considered for result determination.

Resolution-wise Voting Results

All five special resolutions received exceptional shareholder support, with approval rates consistently above 99.94%:

Resolution	Members in Favor	Votes in Favor	Approval Rate
OCD Issuance Approval	101	9,14,81,401.00	99.94%
Special Rights Grant	102	9,14,81,416.00	99.94%
Articles Amendment	102	9,14,81,416.00	99.94%
Section 180(1)(A) Approval	103	9,14,81,516.00	99.94%
Section 180(1)(C) Approval	104	9,14,81,916.00	99.94%

Key Approved Resolutions

The shareholders approved several critical corporate actions:

Optionally Convertible Debentures: Approval for issuance of unlisted, secured, redeemable, optionally convertible debentures on a preferential basis
Special Rights Grant: Approval for granting special rights pursuant to OCD subscription agreement to Alpha Alternative Structured Credit Opportunities Fund
Articles of Association Amendment: Modification to the company's constitutional documents
Borrowing Powers: Approval under Section 180(1)(A) of the Companies Act 2013 for enhanced borrowing capabilities
Investment and Loan Powers: Approval under Section 180(1)(C) for investment and loan-making authorities

Compliance and Documentation

The postal ballot notice dated December 01, 2025 was disseminated through electronic mode in compliance with MCA circulars. The notice was made available on the company's website www.shivamautotech.com , stock exchange websites, and NSDL's e-voting platform. Newspaper advertisements were published in Business Standard (English and Hindi) on December 02, 2025.

The scrutinizer's report and voting results have been made available on the company's website for stakeholder reference. Company Secretary Shakti Kant Mahana confirmed the successful completion of the postal ballot process with requisite majority approval for all resolutions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.25%	-5.21%	-18.08%	-26.80%	-48.45%	+24.87%

Shivam Autotech Limited , a key player in the auto components sector, has successfully raised ₹32 crore through the private placement of Non-Convertible Debentures (NCDs). This move comes as the company seeks to strengthen its financial position amidst challenging market conditions.

Key Details of the NCD Issuance

Aspect	Details
Number of NCDs	3,200
Face Value per NCD	₹1,00,000
Total Amount Raised	₹32 crore
Type	Secured, unlisted, unrated, redeemable
Placement	Private
Subscriber	Alpha Alternatives (Indian Rupees Structured Credit Opportunities Fund)
Tenure	Up to 36 months (including 18-month moratorium)
Interest Rate	11.49% per annum

The company's decision to issue NCDs comes at a time when its balance sheet reflects some financial pressures. As of the most recent reporting period, Shivam Autotech's total assets stood at ₹515.80 crore, showing a decline of 8.66% from the previous year.

Financial Position Overview

Metric	Amount (₹ crore)	Year-on-Year Change
Total Assets	515.80	-8.66%
Current Assets	158.50	-11.05%
Fixed Assets	305.90	-7.27%
Total Equity	31.50	-43.35%
Current Liabilities	347.10	9.91%
Non-Current Liabilities	137.30	-28.93%

The issuance of NCDs appears to be a strategic move to address the company's financial structure. With current liabilities (₹347.10 crore) significantly outweighing current assets (₹158.50 crore), the additional funds could help in managing short-term obligations and potentially investing in growth opportunities.

It's worth noting that while the company's total equity has seen a substantial decline of 43.35% year-on-year, reaching ₹31.50 crore, the share capital has increased by 7.79% to ₹26.30 crore over the same period. This suggests that the company has been actively managing its capital structure in response to financial challenges.

The decision to opt for NCDs with an 11.49% interest rate and an extended tenure of up to 36 months, including an 18-month moratorium, indicates a careful approach to debt management. This structure could provide Shivam Autotech with some breathing room to implement strategic initiatives and potentially improve its financial position before the repayment period begins.

As the auto components sector continues to navigate through various market challenges, Shivam Autotech's move to secure additional funding through NCDs may be seen as a proactive step towards maintaining operational flexibility and pursuing growth opportunities in the coming years.