Shivam Autotech Ltd Approves Rights Issue Raising Up To Rs 120 Crore
What happened
The Board of Directors of Shivam Autotech Limited approved the detailed terms for a proposed Rights Issue. The issue aims to raise up to Rs 120 crore through the sale of up to 10 crore fully paid-up equity shares at an issue price of Rs 12 per share, which includes a Rs 10 premium. The record date for determining eligible shareholders is October 15, 2026.
From equitybulls.com
Why it matters
The Rights Issue is intended to increase the company's equity capital and funding base. This decision follows the company receiving in-principle approvals from the NSE and BSE on September 29, 2026.
From equitybulls.com
Who's involved
- board of directorsThe Board of Directors approved the detailed terms for the Rights Issue.
- companyThe company issuing the Rights Issue to raise capital.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- companySpeculative
Shivam Autotech Limited could see its funding base increase due to the capital raised from the Rights Issue.
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The entities involved
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board of directors
group of people who jointly supervise the activities of an organization
Related events
- The board of directors of Tuni Textile Mills Limited approved the structure and terms for a rights issue on September 9, 2026.
- The board of directors of Himatsingka Seide Limited confirmed key terms for a Non-Convertible Debenture (NCD) issuance on August 1, 2026.
- Board of Directors signed an announcement on August 31, 2026.
- Board of Directors of IIFL Finance Limited approved the allotment of Non-Convertible Debentures (NCD) on September 3, 2026.