Shivam Autotech Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2025
SHIVAMAUTO · price
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Shivam Autotech has notified the exchanges about its 20th Annual General Meeting scheduled for September 22, 2025, at 12:00 Noon via video conferencing. The company has attached its Annual Report for FY 2024-25, which includes the audited financial statements and directors' and auditors' reports. Shareholders will vote on ordinary items like adopting the FY25 financials and re-appointing Mrs. Charu Munjal, and on special items including re-appointing Managing Director Mr. Neeraj Munjal for a new 5-year term from April 1, 2026 to March 31, 2031, continuing Mr. Anil Kumar Gupta as Independent Director beyond age 75, and appointing M/s Yogesh K & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30). The MD's message highlights that the company is actively pursuing equity infusion through a Qualified Institutional Placement (QIP) and a rights issue to reduce high-cost debt, boost working capital, and fund capital expenditure.
Routine AGM filing with no immediate stock price trigger, but shareholders should review the FY25 annual report for financial performance. The proposed QIP and rights issue mentioned in the MD's address could mean future dilution and should be watched closely as the company looks to deleverage and fund growth.