Shivam Autotech published its unaudited financial results for the quarter ended December 31, 2025, revealing deteriorating financial performance with widened losses and declining revenue. The automotive component manufacturer faced significant operational challenges during the third quarter of FY26.

Financial Performance Overview

The company's financial metrics for Q3 FY26 showed substantial deterioration across key parameters. Revenue from operations declined to ₹96.41 crores compared to ₹113.15 crores in the corresponding quarter of the previous year, representing a decrease of 14.78%.

Quarterly Loss Analysis

The company reported a net loss of ₹24.53 crores for Q3 FY26, marking a significant deterioration from the ₹11.86 crores loss in Q3 FY25. This represents more than a doubling of losses year-on-year. The loss before tax also increased substantially to ₹22.11 crores from ₹11.26 crores in the previous year.

Sequentially, the quarterly performance showed some improvement as the Q2 FY26 net loss was ₹12.42 crores, indicating that while losses remain elevated, the rate of deterioration may be stabilizing.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Shivam Autotech's cumulative performance reflected the challenging operating environment:

Earnings Per Share Impact

The deteriorating financial performance significantly impacted the company's earnings per share metrics. For Q3 FY26, both basic and diluted earnings per share stood at negative ₹1.87, compared to negative ₹0.97 in Q3 FY25. For the nine-month period, the EPS declined to negative ₹4.15 from negative ₹2.72 in the corresponding period of the previous year.

Equity Structure

The company's equity share capital remained stable at ₹26.30 crores during Q3 FY26, unchanged from the previous quarter but higher than the ₹24.44 crores recorded in Q3 FY25, indicating some equity infusion during the fiscal year.

Regulatory Compliance

Shivam Autotech published these results in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The complete financial results are available on stock exchange websites and the company's official website for stakeholder reference.

Source:

Shivam Autotech Limited has secured in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its proposed preferential issue of optionally convertible debentures. The approval, received on February 02, 2026, marks a significant step in the company's capital raising initiative.

Debenture Issue Details

The stock exchanges have granted approval for the issue of up to 12,000 unlisted, secured, redeemable optionally convertible debentures with specific parameters:

Equity Conversion Framework

The optionally convertible debentures can be converted into equity shares under the following structure:

Both exchanges have acknowledged the company's application for grant of in-principle approval for listing these equity shares proposed to be issued pursuant to the conversion of the OCDs, in terms of Regulation 28(1) of the SEBI Listing Regulations.

Regulatory Compliance Requirements

The approval comes with several mandatory compliance conditions that the company must fulfill:

• Filing the listing application at the earliest from the date of allotment
• Receipt of statutory and other approvals from authorities including SEBI, RBI, and MCA
• Compliance with all applicable guidelines and regulations of the exchanges
• Adherence to SEBI (LODR) Regulations, 2015, and Companies Act provisions
• Submission of required documents and payment of applicable fees

Trading Restrictions and Internal Controls

Both NSE and BSE have advised the company to strengthen internal controls to monitor trades executed by proposed allottees. Key requirements include:

• Obtaining undertakings from allottees confirming they will not engage in intra-day trading in the company's scrip
• Ensuring no sale transactions in the company's scrip until the allotment date
• Verification responsibility lies solely with the issuer company
• Non-compliance may impact the listing of shares

Timeline and Post-Issue Formalities

The company must adhere to strict timelines for post-approval procedures. As per SEBI circular dated June 21, 2023, the issuer must make a listing application within twenty days from the date of allotment. The exchanges have reserved their right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or in contravention of applicable regulations.

The approval letters from both exchanges emphasize that this in-principle approval should not be construed as approval for listing of the securities, and the company must separately comply with listing requirements.