Shivam Autotech Approves Rights Issue of ₹120 Cr

Shivam Autotech Ltd's Board of Directors has approved a Rights Issue of up to 10,00,00,000 fully paid-up equity shares at an issue price of ₹12 per share, aggregating up to ₹12,000 Lakhs (₹120 Crore). The issue size is up to ₹120 Crore. The record date for determining eligible shareholders is October 15, 2026. The Rights Issue period will commence on October 22, 2026, and close on November 19, 2026. The entitlement ratio is 19:25, meaning 19 new shares for every 25 existing shares held.