Shivam Autotech Limited has informed the Exchange about General Updates
SHIVAMAUTO · price
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Shivam Autotech has allotted 4,500 unlisted, secured, redeemable, optionally convertible debentures (OCDs) on a private placement basis. Each debenture has a face value of ₹1,00,000, taking the total raise to ₹45 crore. The sole investor is Alpha Alternatives Structured Credit Opportunities Fund. The debentures carry a coupon of 10% per annum, have a tenure of up to 18 months, and include a 12-month lock-in period from the date of allotment (February 12, 2026). These are unlisted instruments, so they will not trade on the stock exchanges.
The company is raising ₹45 crore in structured debt from a single institutional investor rather than equity, which avoids dilution for existing shareholders. However, the 10% coupon and 18-month maturity add to interest obligations, and the 'optionally convertible' feature means there could be equity dilution later if the debentures are converted.