Shivam Autotech Approves Rights Issue of Up to ₹1,200 Crore
Shivam Autotech approved a Rights Issue of up to 10,00,00,000 Equity Shares at ₹12 each, aiming to raise ₹120 crore. The issue opens October 22, 2026, and closes November 19, 2026. The record date is October 15, 2026, with an entitlement ratio of 19:25.
A rights issue can dilute existing shareholding but also provides capital for expansion, which can lead to long-term value creation. The amount raised is significant relative to the company's current share count.
The company is undertaking a rights issue, which typically signals a need for capital to fund growth or strengthen its balance sheet, a positive sign for future development.
Shivam Autotech Limited announced its Board of Directors has approved a Rights Issue for up to 10,00,00,000 fully paid-up Equity Shares, each with a face value of ₹2. The issue price is set at ₹12 per Equity Share, including a premium of ₹10 per share, leading to a total issue size of up to ₹12,000 lakhs (₹120 crore).
The full amount of the Issue Price will be payable on application. The Record Date for determining eligible equity shareholders is set for Thursday, October 15, 2026. The Rights Issue will open on Thursday, October 22, 2026, and is scheduled to close on Thursday, November 19, 2026. The Board retains the right to extend the issue period by up to 30 days.
The entitlement ratio for the Rights Issue is 19:25, meaning shareholders will be entitled to 19 Rights Equity Shares for every 25 fully paid-up Equity Shares held as of the record date. Prior to the Rights Issue, the company has 13,14,95,219 Equity Shares outstanding, which is expected to increase to 23,14,95,219 shares post-issue assuming full subscription. The Board meeting commenced at 12:00 PM IST and concluded at 02:45 PM IST on October 08, 2026.
What to do with a filing like this
Shivam Autotech Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. 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.