Announced Wed, 1 Jul · 20:57 IST
Board approves Rights Issue of up to Rs 120 Cr, appoints new Company Secretary
Management Changes View source PDF
SHIVAMAUTO · price
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Price reaction · full curve 14 horizons · vs prior close
+10.0%1-day move
₹16.20
prior close
₹16.51
base price
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AI summary
Shivam Autotech's Board approved a Rights Issue of equity shares (face value Rs 2 each) to raise up to Rs 12,000 Lakhs (about Rs 120 Crores) from existing eligible shareholders. Issue price, entitlement ratio, and record date will be decided later. Board also appointed Ms. Mehvish as the new Company Secretary and Compliance Officer (Key Managerial Personnel) effective July 1, 2026. She is an ICSI member with experience in Companies Act and Listing Regulations matters.
Likely market impact
Rights Issue of about Rs 120 Cr may dilute existing holdings but can strengthen the balance sheet. New CS appointment is a routine KMP change.