Shivam Autotech Board to Consider Rights Issue on July 1, 2026
Shivam Autotech Ltd has announced that its Board of Directors will convene on July 1, 2026. The primary agenda item for this meeting is to consider and approve a proposal for fundraising through a rights issue. This involves the offer and issuance of fully paid-up equity shares to eligible shareholders. The company will also discuss related matters, including the formation of a special committee, the size of the issuance, and any other business as permitted by the chairman. The decision is subject to regulatory and statutory approvals, including those under SEBI regulations.
Key Highlights
- Board meeting scheduled for July 1, 2026.
- Proposal to raise funds via a rights issue will be considered.
- Issuance of fully paid-up equity shares to eligible shareholders.
- Subject to regulatory and statutory approvals.
Price Impact
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