Board OKs Q2 results, Rs 245 Cr NCD plan; widens loss
SHIVAMAUTO · price
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Shivam Autotech reported a net loss of Rs 12.42 Cr in Q2 FY26 versus Rs 11.09 Cr loss a year ago. Revenue fell to Rs 113.23 Cr from Rs 120.43 Cr. The board also approved raising up to Rs 245 Cr via secured redeemable non-convertible debentures on private placement. Auditor flagged an emphasis of matter around deferred tax assets of Rs 19.89 Cr and MAT credit entitlement, plus material consumption variance from physical verification. H1 FY26 loss widened to Rs 30.08 Cr from Rs 21.42 Cr a year earlier.
Widening losses and a fresh Rs 245 Cr debt raise on top of already heavy borrowings signal continued financial stress for shareholders.