Shivam Autotech Appoints New Company Secretary; Approves Rights Issue Up to ₹1,200 Crore
Shivam Autotech appointed Ms. Mehvish as Company Secretary and Compliance Officer, effective July 1, 2026. The board approved raising up to ₹12,000 Lakhs (₹1200 Crore) via a rights issue of equity shares. Specific terms of the rights issue will be announced later.
The rights issue of ₹1200 Crore is a substantial capital raising event that will significantly impact the company's financial structure and future growth prospects. The appointment of a key managerial personnel also has a high impact.
The appointment of a new Company Secretary and the approval of a significant rights issue to raise funds are positive developments for the company.
Shivam Autotech Limited announced key decisions made during its Board Meeting held on July 1, 2026. The board approved the appointment of Ms. Mehvish as the new Company Secretary and Compliance Officer, effective from the same date. Ms. Mehvish is an Associate Member of the Institute of Company Secretaries of India with experience in company law and listing regulations.
Furthermore, the company received board approval to raise funds amounting to ₹12,000 Lakhs (₹1200 Crore) through a rights issue of equity shares. The specific terms of the rights issue, including the issue price, entitlement ratio, and record date, will be determined and disclosed by the Board in due course, subject to necessary regulatory approvals. The board also approved the draft letter of offer for the proposed rights issue, which will be filed with the BSE and NSE.
The Board Meeting commenced at 12:20 PM and concluded at 7:10 PM on July 1, 2026.
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Shivam Autotech Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.