Shivam Autotech Announces 21st AGM on Sep 25, 2026, Approves Capital Increase
Shivam Autotech's 21st AGM is scheduled for September 25, 2026, via VC/OAVM. The company will adopt FY26 financial statements and consider re-appointing a director. Approval will be sought to increase authorized share capital from ₹44 crore to ₹55 crore. Remote e-voting is available from September 22-24, 2026.
The proposed increase in authorized share capital could facilitate future fundraising or strategic initiatives, which may have a medium-term impact on the company's financial flexibility and growth prospects.
The announcement is primarily procedural, involving the scheduling of an AGM and seeking approval for capital structure changes. While the annual report mentions challenges, the forward-looking aspects and the capital increase are neutral in immediate sentiment.
Shivam Autotech Limited has announced that its 21st Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 12:00 P.M. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company will present the Audited Financial Statements for the Financial Year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Mr. Yogesh Chander Munjal, who retires by rotation, will be considered for re-appointment as a Director.
Additionally, the company seeks approval to increase its authorized share capital from ₹44 crore to ₹55 crore. This increase involves expanding the equity shares from 22 crore to 27.5 crore, each with a face value of ₹2. The company's registered office is located at 10, 1st Floor, Emaar Digital Greens, Sector 61, Golf Course Extension Road, Gurugram, Haryana -122102.
Members holding shares as of Friday, September 18, 2026, are eligible to vote. Remote e-voting will commence on Tuesday, September 22, 2026, at 9:00 A.M. and conclude on Thursday, September 24, 2026, at 5:00 P.M. The Annual Report for the Financial Year 2025-26, which includes the Managing Director's message highlighting a challenging year with revenue at ₹409.58 crore and initial signs of recovery in Q4, has also been enclosed and uploaded on the company's website.
A plain-language summary of a public exchange filing by Shivam Autotech Limited. Read the original for the full detail.