Shivam Autotech Approves Rights Issue Up to ₹12,000 Lakhs, Appoints New Company Secretary
Shivam Autotech Limited's Board approved a rights issue of up to ₹12,000 Lakhs (₹1200 Crore). Ms. Mehvish was appointed Company Secretary and Compliance Officer. The specific terms of the rights issue are to be determined later.
The rights issue amount is significant and will impact the company's capital structure and potentially its growth prospects. The appointment of a key managerial personnel is also important.
The company is undertaking a rights issue to raise funds, which can support future growth. The appointment of a new Company Secretary is also a positive development.
Shivam Autotech Limited announced the outcome of its Board Meeting held on July 1, 2026. The Board approved the appointment of Ms. Mehvish as the Company Secretary and Compliance Officer, effective from July 1, 2026. Ms. Mehvish is an Associate Member of the Institute of Company Secretaries of India with experience in company law and listing regulations.
Furthermore, the Board approved the raising of funds up 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 regulatory approvals. The company also approved the draft letter of offer for seeking in-principle approvals from BSE and NSE for the proposed rights issue.
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 equity 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.