Announced Wed, 1 Jul · 21:09 IST
Shivam Autotech appoints new Company Secretary, approves Rs 120 crore rights issue
Management Changes View source PDF
SHIVAMAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.0%1-day move
₹16.20
prior close
₹16.51
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1-0.1-0.1+10.0+15.5+21.2+23.6+21.2+16.4+3.3———
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AI summary
Shivam Autotech board approved three items on July 1, 2026. CS Mehvish was appointed as new Company Secretary and Compliance Officer (KMP) effective the same day. The board approved a rights issue of equity shares at face value Rs 2, to raise up to Rs 12,000 Lakhs (around Rs 120 crore), subject to regulatory approvals. Record date and entitlement ratio will be notified later. Draft letter of offer was also approved.
Likely market impact
Up to Rs 120 crore rights issue will dilute existing shareholders. New CS is a routine governance change.