Shivam Autotech Reports Q1 Loss, Sets AGM Date and Proposes Key Board Reappointments
Shivam Autotech Limited reported a net loss of Rs. 1,765.61 lakhs for Q1 ended June 30, up 19.6% year-over-year. Revenue from operations decreased to Rs. 9,114.49 lakhs. The company's Board approved key decisions including re-appointment of executive directors and continuation of an independent director beyond 75 years. The 20th Annual General Meeting is scheduled for September 22.
Shivam Autotech Limited's Board has approved the issuance of Secured, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) worth up to ₹25 crores through private placement. The company will issue up to 250 debentures with a face value of ₹10 lakh each, offering a 12% annual interest rate. The NCDs will be secured by a first-ranking exclusive charge over specified receivables. The decision was made during a Board meeting on August 8, 2025, and has been communicated to the National Stock Exchange of India Ltd and BSE Limited in compliance with SEBI regulations.
22Jul 25
Shivam Autotech Gets Official GST Case Closure with NIL Demand After ₹50.10 Cr Notice
Shivam Autotech Limited has received significant regulatory relief with the Additional Commissioner dropping GST proceedings initiated under Section 74 of CGST Act, 2017, with NIL demand confirmed. The closure order resolves a Show Cause Notice that had proposed ₹50.10 crore demand and equal penalty plus interest, covering financial years 2018-19 to 2020-21 for alleged discrepancies in tax liability reporting.