Shivam Autotech Allots ₹45 Crore in Optionally Convertible Debentures
Shivam Autotech Limited has approved the allotment of 4,500 optionally convertible debentures worth ₹45 crore on a private placement basis. The debentures carry a 10.00% annual interest rate and have an 18-month tenure with a 12-month lock-in period. The issuance is to Alpha Alternatives Structured Credit Opportunities Fund.
The fundraising of ₹45 crore through debentures can impact the company's financial structure and leverage, potentially supporting business operations or expansion.
The announcement is a routine debt fundraising activity and does not inherently present positive or negative news for the company.
Shivam Autotech Limited announced the allotment of 4,500 unlisted, secured, redeemable, optionally convertible debentures with a face value of ₹1,00,000 each, aggregating to ₹45 crore. The allotment was made on a private placement basis via a resolution passed on February 12, 2026.
The debentures have a tenure of up to 18 months, with a lock-in period of 12 months commencing from the deemed date of allotment, February 12, 2026. The coupon or interest offered is 10.00% per annum, with payment terms outlined in the transaction documents and debenture trust deed. The investor in this private placement is Alpha Alternatives Structured Credit Opportunities Fund.
What to do with a filing like this
Shivam Autotech Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shivam Autotech Limited. Read the original for the full detail.