Business Update15 May 2026, 04:51 pm
Shivam Autotech Monitoring Report for Quarter Ended March 2026
AI Summary
Shivam Autotech Ltd's monitoring agency report for the quarter ended March 31, 2026, issued by CARE Ratings Limited, indicates no deviation from the objects of the preferential issue of optionally convertible debentures aggregating to ₹120 crores. The report, reviewed by the Audit Committee, confirms an objective view of the utilization of issue proceeds based on provided information, with CARE Ratings Limited declaring no conflict of interest.
Key Highlights
- CARE Ratings Limited issued a monitoring report for Shivam Autotech for Q4 2026.
- The report covers the preferential issue of optionally convertible debentures of ₹120 crores.
- No deviations were observed from the intended use of the issue proceeds.
- The Audit Committee of Shivam Autotech reviewed and took the report on record.
- CARE Ratings Limited declared no conflict of interest in monitoring the issue proceeds.
Price Impact
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