Shivam Autotech Revises Rights Issue Size and Timelines

Shivam Autotech Ltd has announced a corrigendum to its Letter of Offer, revising key details of its upcoming Rights Issue. The total number of Rights Equity Shares to be issued has been adjusted to up to 9,99,36,366, with a revised Issue Size of ₹11,992.36 Lakhs (₹119.92 Crore), down from the initially proposed 10,00,00,000 shares and ₹12,000 Lakhs (₹120 Crore). The proceeds will primarily be used for adjusting unsecured loans from the promoter (₹7,500 Lakhs), funding working capital (₹3,200 Lakhs), and general corporate purposes (₹1,267.36 Lakhs). The Issue Opening Date has been revised to October 28, 2026, with the Issue Closing Date on November 19, 2026. The listing date is now scheduled for November 25, 2026. All other terms and conditions remain unchanged.