Shivam Autotech Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
SHIVAMAUTO · price
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Shivam Autotech's board met on August 14, 2025 and approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations fell to Rs. 9,114.49 lakhs from Rs. 10,854.87 lakhs in the same quarter last year. The company reported a net loss of Rs. 1,765.61 lakhs in Q1 FY26, wider than the Rs. 1,033.28 lakh loss in Q4 FY25. Basic EPS stood at Rs. (1.34). The board also approved the Board's Report, MD&A, and Corporate Governance Report for FY25, and fixed September 22, 2025 as the date for the 20th AGM (to be held via video conferencing). Subject to shareholder approval, Ms. Charu Munjal was re-appointed as Executive Director, Mr. Neeraj Munjal was re-appointed as Managing Director for another 5-year term (April 2026 to March 2031), Mr. Anil Kumar Gupta's continuation as Independent Director beyond age 75 was approved, and Yogesh K & Associates were appointed as Secretarial Auditors for 5 years. The auditor's review report carried a clean conclusion with an emphasis of matter note on deferred tax assets and MAT credit recoverability.
Negative near-term signal for shareholders as Q1 FY26 showed a year-on-year revenue decline of around 16% and continued losses, although the loss narrowed slightly versus Q1 FY25. Director continuity and MD re-appointment for 5 years bring leadership stability, but weak operating performance and reliance on deferred tax assets remain key concerns to watch.