Shivam Autotech Limited has informed the Exchange about General Updates
SHIVAMAUTO · price
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Shivam Autotech Limited has received in-principle listing approval from NSE for 92,72,997 equity shares of face value Rs. 2 each. These shares were allotted to holders upon conversion of Optionally Convertible Debentures (OCDs) that were originally issued on a preferential basis. The NSE approval letter is dated May 9, 2025, and the shares will be admitted to trading once depositories (NSDL/CDSL) confirm the credit to beneficiary accounts. This means these shares, which were earlier issued via a preferential route, will now become available for trading on the exchange.
This is a technical listing event — the shares were already issued earlier via OCD conversion, so there is no fresh fundraising. However, it increases the floating share count and could create mild supply-side pressure once these shares start trading. Shareholders should note the potential dilution effect as these 92.7 lakh shares enter the market.