Shivam Autotech Approves ₹12,000 Lakh Rights Issue, Appoints New CS

Shivam Autotech Ltd's Board of Directors met on July 1, 2026, approving a significant rights issue of equity shares to raise up to ₹12,000 Lakhs. The funds will be raised through the issuance and allotment of equity shares with a face value of ₹2 each. The specific terms of the rights issue, including the issue price, entitlement ratio, record date, and payment terms, will be determined by the Board and disclosed later. Additionally, the Board approved the appointment of Ms. Mehvish as the new Company Secretary and Compliance Officer, effective from July 1, 2026. The company also approved the draft letter of offer for seeking in-principle approvals from BSE and NSE for the proposed rights issue.