Shivam Autotech Limited disclosed the outcomes of its Board Meeting held on July 1, 2026, in compliance with SEBI Listing Regulations Regulation 30.
Key Decisions Taken:
1. Appointment of Key Managerial Personnel
- The Board approved the appointment of Ms. Mehvish (Membership No. A77290) as Company Secretary and Compliance Officer of the company.
- The appointment is effective from July 1, 2026.
- Ms. Mehvish is an Associate Member of the Institute of Company Secretaries of India with experience in Companies Act, Listing Regulations, and allied laws.
- No relationships between directors were disclosed (marked as NA in the annexure).
2. Fund Raising via Rights Issue
- The Board approved raising funds through issuance of equity shares with face value of ₹2 each.
- The aggregate amount shall not exceed ₹12,000 Lakhs (₹1,200 Crores).
- The issuance will be on a rights basis to eligible equity shareholders as on a record date to be notified later.
- The specific terms including issue price, rights entitlement ratio, record date, timing, and payment terms will be determined by the Board and disclosed to exchanges subsequently.
- The proposal is subject to receipt of regulatory/statutory approvals under SEBI (ICDR) Regulations, 2018, SEBI Listing Regulations, and Companies Act, 2013.
3. Draft Letter of Offer
- The Board approved the draft letter of offer for seeking in-principle approvals from BSE and NSE for the proposed rights issue.
- Other allied matters related to the draft letter of offer were also approved.
Meeting Details
- The Board Meeting commenced at 12:20 PM and concluded at 7:10 PM on July 1, 2026.
- The disclosure was made pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.