Shivam Autotech Allots ₹75 Crore in Unlisted Optionally Convertible Debentures
Shivam Autotech Limited approved the allotment of 7,500 unlisted, secured, redeemable, optionally convertible debentures worth ₹75 crore on a private placement basis. The debentures carry a 10.00% annual interest rate and have a tenure of up to 18 months with a 12-month lock-in period.
The issuance of ₹75 crore in debentures represents a significant capital raise for the company, which could impact its financial structure and future growth prospects. The terms, including the interest rate and lock-in period, are material financial details.
The announcement details a debt fundraising activity through the issuance of convertible debentures, which is a routine financial transaction for the company. It does not inherently indicate significant positive or negative performance or outlook.
Shivam Autotech Limited has approved the allotment of 7,500 unlisted, secured, redeemable, optionally convertible debentures, each with a face value of ₹1,00,000/-, aggregating to ₹75 crore. The issuance was completed on a private placement basis, with the resolution passed on February 11, 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, which was February 10, 2026. The annual coupon or interest rate offered is 10.00%, with payment terms detailed in the transaction documents. The securities are not intended to be listed on any stock exchange.
The allotment was made to Alpha Alternatives Structured Credit Opportunities Fund. All rights, privileges, and interest attached to the instrument, as well as redemption details, will be in accordance with the terms of the debenture trust deed to be entered into between the company and the debenture trustee.
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.