Shivam Autotech Limited has informed the Exchange regarding Board meeting held on August 08, 2025.
SHIVAMAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shivam Autotech's Board, at its meeting on August 8, 2025, approved the issuance of Secured, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) for an aggregate amount of up to ₹25 Crores. The issue will consist of up to 250 NCDs with a face value of ₹10 lakh each, placed privately with proposed investors. The NCDs will carry a coupon rate of 12.00% per annum and will be secured by a first-ranking exclusive charge over specified receivables. The tenure, dates of allotment and maturity, and other terms will be decided by the Board or a committee in due course. The NCDs will not be listed on any stock exchange.
Existing shareholders may see mild dilution risk over time as the company takes on ₹25 Crores of debt at a relatively high 12% interest rate, which could pressure profitability but provides growth capital. The unlisted, privately placed nature means no immediate impact on share price or trading liquidity.