Shivam Autotech Files Letter of Offer for Rights Issue

Shivam Autotech Limited has submitted its Letter of Offer for a Rights Issue of up to 10,00,00,000 fully paid-up equity shares of face value ₹2 each. The issue price is set at ₹12 per share, aggregating up to ₹12,000 Lakhs (₹120 Crore). The shares will be offered on a rights basis to existing shareholders in the ratio of 19 rights equity shares for every 25 fully paid-up equity shares held as of the record date, October 15, 2026. The issue opens on October 22, 2026. The company confirms its promoters and directors are not willful defaulters. The existing equity shares are listed on BSE and NSE, and in-principle approval for listing the rights equity shares has been received.