Shivam Autotech Limited , a prominent player in the automobile parts sector, has announced its financial results for the first quarter and made several key board-level decisions. The company's Board of Directors approved these measures during a meeting held on August 14.

Financial Performance

For the quarter ended June 30, Shivam Autotech reported a net loss of Rs. 1,765.61 lakhs, compared to a loss of Rs. 1,475.69 lakhs in the same quarter of the previous year. This represents an increase in losses by approximately 19.6% year-over-year. The company's revenue from operations stood at Rs. 9,114.49 lakhs for the quarter.

Key Financial Highlights

The company's total expenses for Q1 were Rs. 10,749.75 lakhs, showing a decrease of 12.73% compared to Rs. 12,317.90 lakhs in the same quarter of the previous year.

Annual General Meeting and Board Decisions

The Board has scheduled the 20th Annual General Meeting (AGM) for September 22, to be conducted through video conferencing. Several important board-level decisions were also made, subject to shareholder approval at the upcoming AGM:

1. Re-appointment of Executive Directors:

   • Ms. Charu Munjal has been proposed for re-appointment as Executive Director.
   • Mr. Neeraj Munjal has been recommended for re-appointment as Managing Director for an additional five-year term, from April 1, 2026, to March 31, 2031.

2. Continuation of Independent Director:

   • The Board has recommended the continuation of Mr. Anil Kumar Gupta as a Non-Executive Independent Director beyond the age of 75 years.

3. Appointment of Secretarial Auditors:

   • M/s. Yogesh K & Associates, Practicing Company Secretaries, have been proposed for appointment as Secretarial Auditors for a period of five consecutive financial years.

Management Commentary

Neeraj Munjal, Managing Director of Shivam Autotech, brings 26 years of rich experience in the auto-component sector. He has been instrumental in conceptualizing near net shape forging technology within the company and has led its expansion to four units across different locations in India.

Looking Ahead

As Shivam Autotech navigates through challenging market conditions, the proposed board reappointments and continuation of experienced leadership suggest a focus on stability and long-term strategic planning.

The financial results and board decisions will be presented for shareholder approval at the upcoming Annual General Meeting on September 22.

Shivam Autotech Limited , a prominent player in the auto components sector, has taken a significant step to bolster its financial position. The company's Board of Directors has given the green light for the issuance of Secured, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) worth up to ₹25 crores through private placement.

Key Details of the NCD Issuance

Terms and Conditions

The NCDs will be secured through a Supplemental Deed to the Debenture Trust Deed and a Deed of Hypothecation. The Board of Directors or a designated committee will determine the specific tenure, including any moratorium period, as well as the allotment and maturity dates.

Regulatory Compliance

This decision was made during a Board meeting held on August 8, 2025, which commenced at 09:30 A.M. and concluded at 10:15 A.M. The company has duly informed the National Stock Exchange of India Ltd and BSE Limited about this development, in compliance with Regulation 30 of the SEBI Listing Regulations.

Impact and Implications

This move by Shivam Autotech Limited to raise funds through NCDs could potentially provide the company with additional capital for various corporate purposes. The 12% annual interest rate offered on these debentures might attract investors looking for fixed-income opportunities in the current market environment.

Mr. Shakti Mahana, Company Secretary & Compliance Officer of Shivam Autotech Limited, confirmed the board's decision in the regulatory filing. The company assures that all rights, privileges, and interests associated with these NCDs will be in accordance with the terms of the debenture trust deed to be established between the company and the debenture trustee.

As Shivam Autotech Limited moves forward with this financial strategy, market observers will be keen to see how the company utilizes these funds to drive growth and strengthen its position in the auto components industry.