13-Oct-2026 19:53:51

SHIVAM AUTOTECH : RIGHTS ISSUE TO RAISE UP TO RS 12.75 CR AT ₹12/SHARE

• Rights issue of up to 10 crore equity shares of face value ₹2 each at ₹12 per share • Issue ratio 19 rights shares for every 25 fully paid-up equity shares held; record date October 15, 2026 • Issue opens October 22, 2026 and closes November 19, 2026; promoter intends to subscribe in part or full • Objects include repayment of up to ₹75 Cr unsecured loans to promoter, working capital and general corporate purposes • Company reported FY26 net loss of ₹81.33 Cr and negative net worth of ₹40.68 Cr as at March 31, 2026 Impact: Neutral (capital raise supports liquidity and promoter-loan repayment, but company remains loss-making with negative net worth)

Shivam Autotech Ltd

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