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Latest filing: 2026-10-08 15:07
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19 announcements match the current filters (relevance ≥ 5).
Shivam Autotech Approves ₹120 Cr Rights Issue at ₹12/Share (Ratio 19:25)
Shivam Autotech's board has approved the terms for a rights issue to raise up to ₹120 crore (₹12,000 lakhs) through the issuance of up to 10 crore equity shares at an issue price of ₹12 per share (including a ₹10 premium). The rights entitlement ratio is fixed at 19:25, meaning 19 new shares for every 25 shares held as on the record date of October 15, 2026. The issue will open on October 22, 2026, and close on November 19, 2026. This equity raise represents significant dilution, expanding the existing equity share base by up to 76% from 13.15 crore to 23.15 crore shares, aimed at shoring up liquidity for a company with negative net worth (-₹41 crore) and ₹403 crore in debt.
Confidence: HIGH
What changedApproved exact terms, pricing (₹12/share), ratio (19:25), and schedule for a ₹120 crore rights issue.
Why it mattersThe company has an overleveraged balance sheet with ₹403 crore debt and negative net worth (-₹41 crore); raising ₹120 crore provides vital equity capital but results in severe equity dilution (~76%).
Total Issue Size: ₹12,000 LakhsIssue Price: ₹ 12 per Equity ShareRights Entitlement Ratio: 19:25Record Date: October 15, 2026Post-Issue Share Count: 23,14,95,219 Equity Shares
📅 Short termShare price may experience volatility and adjustment toward the ex-rights price ahead of the October 15, 2026 record date and during the RE trading period.
📈 Long termIf successfully raised and deployed toward debt reduction, the ₹120 crore infusion could pull net worth back into positive territory and reduce financial distress.
⚠ Risk flags
- Severe equity dilution of ~76% on existing share capital
- Negative existing net worth (-₹41 crore) and high debt burden (₹403 crore)
- Risk of undersubscription if market prices fluctuate near the ₹12 issue price
Key Highlights
Issue size of up to ₹12,000 lakhs (₹120 crore) via 10,00,00,000 equity shares
Issue price set at ₹12 per share, representing a discount to the pre-announcement trading price of ₹16.9
Rights entitlement ratio set at 19:25 (19 rights shares for every 25 shares held)
Record date is October 15, 2026; issue window runs from October 22 to November 19, 2026
Total outstanding shares to expand from 13,14,95,219 to 23,14,95,219 shares post-issue
👀 What to Watch
Watch the rights entitlement (RE) trading between October 22 and November 13, 2026, and track whether promoters fully subscribe to their entitlement to support debt reduction and balance sheet repair.
Shivam Autotech Q1 Loss at ₹20.99 Cr; Revenue Rises 20.8% YoY to ₹109.58 Cr
Shivam Autotech reported a revenue from operations of ₹10,957.82 Lakhs for the quarter ended June 30, 2026, up 20.8% YoY from ₹9,073.15 Lakhs in Q1 FY25. However, net loss widened YoY to ₹2,098.94 Lakhs compared to a loss of ₹1,765.61 Lakhs in the prior-year period, driven primarily by heavy finance costs of ₹2,047.54 Lakhs. EBITDA stood at ₹792.05 Lakhs, but net worth deteriorated further to negative ₹6,167.13 Lakhs. The auditor highlighted going-concern uncertainties and deferred tax asset recoverability.
Confidence: HIGH
What changedShivam Autotech filed its legible quarterly financial results for the quarter ended June 30, 2026.
Why it mattersOperating profits (EBITDA of ₹7.92 Cr) remain insufficient to cover interest obligations (₹20.48 Cr), leading to continued net losses and severe negative net worth.
Revenue from operations: ₹10,957.82 LakhsNet Loss: ₹2,098.94 LakhsFinance Costs: ₹2,047.54 LakhsQuarterly EBITDA: ₹792.05 LakhsNegative Net Worth: ₹6,167.13 Lakhs
📅 Short termOperating pressures and persistent losses are likely to keep market sentiment subdued.
📈 Long termTurnaround depends heavily on balance sheet deleveraging, strategic refinancing, and diversification beyond concentrated two-wheeler customers.
⚠ Risk flags
- Severe balance sheet stress with negative net worth of ₹6,167.13 Lakhs
- High debt burden with quarterly finance costs (₹2,047.54 Lakhs) exceeding EBITDA
- Auditor emphasis of matter on going concern and deferred tax recoverability
Key Highlights
Revenue from operations grew 20.8% YoY to ₹10,957.82 Lakhs from ₹9,073.15 Lakhs in the year-ago quarter.
Net loss widened YoY to ₹2,098.94 Lakhs (vs loss of ₹1,765.61 Lakhs in Q1 FY25), though narrowing sequentially from ₹2,671.86 Lakhs in Q4 FY26.
High finance costs of ₹2,047.54 Lakhs consumed more than 2.5x the operating EBITDA of ₹792.05 Lakhs.
Negative net worth worsened to ₹6,167.13 Lakhs as of June 30, 2026.
Statutory auditor issued an Emphasis of Matter regarding going-concern assumptions and deferred tax assets of ₹1,989.25 Lakhs.
👀 What to Watch
Track progress on debt restructuring, refinancing plans, and working capital infusion to assess if cash flows can support high interest burdens.
₹120 Cr Rights Issue Approved and New Company Secretary Appointed
Shivam Autotech's board has approved a significant fundraise of up to ₹120 crore through a rights issue of equity shares. This capital infusion is critical given the company's current financial position, which includes a negative net worth of -₹41 crore and a high debt of ₹403 crore. Alongside the fundraise, the company appointed Ms. Mehvish as the new Company Secretary and Compliance Officer effective July 1, 2026. The specific terms of the rights issue, including the price and entitlement ratio, are yet to be finalized.
Confidence: HIGH
What changedThe company has formally initiated a major capital raising process through a rights issue and filled the vacant Key Managerial Personnel (KMP) position of Company Secretary.
Why it mattersThe ₹120 crore fundraise is vital for a company with a negative net worth of ₹41 crore and high debt levels; it is likely intended to stabilize the balance sheet and provide working capital for its diversification strategy.
Rights Issue Size: ₹12,000 LakhsFace Value per Share: ₹2Company Net Worth: ₹ -41 CrTotal Debt: ₹ 403 CrFundraise vs Net Worth (Absolute): ~292%
📅 Short termThe stock may experience volatility as the market digests the potential dilution from the ₹120 crore rights issue and awaits the specific pricing details.
📈 Long termIf the fundraise is successful and utilized to reduce debt or improve capacity utilization, it could structurally improve the company's distressed financial profile.
⚠ Risk flags
- Significant equity dilution
- Negative net worth
- High debt-to-equity ratio
- High customer concentration (40% revenue from Hero MotoCorp)
Key Highlights
Approved raising of funds up to ₹12,000 Lakhs (₹120 Cr) via a rights issue of equity shares.
Equity shares for the rights issue will have a face value of ₹2 each.
Appointment of Ms. Mehvish as Company Secretary and Compliance Officer (KMP) effective July 1, 2026.
The board meeting for these approvals lasted nearly 7 hours, from 12:20 P.M. to 7:10 P.M.
The company has approved the draft letter of offer to be filed with BSE and NSE for in-principle approval.
👀 What to Watch
Investors should closely monitor the announcement of the rights issue price and the entitlement ratio, as this will determine the extent of equity dilution and the cost for existing shareholders to maintain their stake.
₹120 Cr Rights Issue Approved by Shivam Autotech to Strengthen Stressed Balance Sheet
Shivam Autotech's board has approved a rights issue to raise up to ₹120 crore through equity shares of ₹2 face value. This capital infusion is critical for the company, which currently reports a negative net worth of -₹41 crore and a high debt of ₹403 crore. The specific terms, including the rights ratio, issue price, and record date, will be determined at a later board meeting. Additionally, the company appointed Ms. Mehvish as the new Company Secretary and Compliance Officer effective July 1, 2026.
Confidence: HIGH
What changedThe board has formally approved a ₹120 crore rights issue and appointed a new Company Secretary.
Why it mattersThe company is in a precarious financial position with negative net worth and high debt; this fundraise is a necessary step for balance sheet repair and to support its diversification strategy away from 2W reliance.
Rights Issue Size: ₹120 CrTotal Debt: ₹403 CrNet Worth: -₹41 CrFace Value: ₹2Promoter Holding: 69.52%
📅 Short termThe stock may experience volatility as the market digests the potential dilution and awaits the specific pricing of the rights issue.
📈 Long termIf successful, the ₹120 Cr infusion will help stabilize the balance sheet, though the company still faces structural risks like high customer concentration (40% revenue from Hero MotoCorp).
⚠ Risk flags
- Significant equity dilution
- Negative net worth
- High debt-to-equity ratio
- High customer concentration risk
Key Highlights
Board approved fundraise of up to ₹12,000 Lakhs (₹120 Cr) via a rights issue.
Company is currently operating with a negative net worth of -₹41 Cr.
Total debt burden stands at ₹403 Cr, making the fundraise essential for liquidity.
Face value of the equity shares to be issued is ₹2 per share.
Ms. Mehvish appointed as Company Secretary and Compliance Officer effective July 1, 2026.
👀 What to Watch
Monitor the upcoming announcement for the rights entitlement ratio and issue price to evaluate the extent of equity dilution and the discount offered to current market price.
Shivam Autotech FY26 Net Loss Widens to ₹81.33 Cr; Net Worth Turns Negative
Shivam Autotech reported a significant deterioration in its financial health for the fiscal year ended March 31, 2026, with net losses widening to ₹81.33 crore from ₹48.04 crore in the previous year. Revenue from operations declined by 9.8% YoY to ₹409.58 crore, while finance costs rose to ₹67.92 crore. The company's net worth has turned negative at ₹40.68 crore, and current liabilities exceed current assets by ₹50.60 crore. Despite these indicators, the management continues to prepare accounts on a 'going concern' basis, citing positive EBITDA of ₹31.80 crore and successful debt servicing.
Key Highlights
Annual revenue from operations decreased 9.8% to ₹409.58 crore in FY26.
Net loss for the year widened significantly to ₹81.33 crore compared to ₹48.04 crore in FY25.
Company reported a negative net worth of ₹40.68 crore as of March 31, 2026.
Finance costs increased by 14.3% YoY to ₹67.92 crore, further impacting the bottom line.
Auditors issued an 'Emphasis of Matter' regarding the company's ability to continue as a going concern given liabilities exceed assets.
👀 What to Watch
Investors should exercise extreme caution as the company's financial position is highly leveraged with a negative net worth and widening losses. The stock remains a high-risk proposition until there is a clear turnaround in operational profitability and successful debt refinancing.
Shivam Autotech Faces ₹4.56 Crore GST Demand and Penalty
Shivam Autotech Limited has received an order from the CGST Commissionerate, Dehradun, involving a significant tax demand and penalty. The order demands a tax payment of ₹24,576,225 and a penalty of ₹21,070,364, totaling approximately ₹4.56 Crores plus interest, due to the disallowance of Input Tax Credit (ITC). The company has stated that it believes it has a strong case on merits and views the dispute as a matter of reconciliation. It intends to file an appeal before the appropriate forum within the prescribed timelines.
Key Highlights
Tax demand of ₹24,576,225 raised under Section 74(9) of the CGST Act, 2017.
Penalty of ₹21,070,364 imposed by the Additional Commissioner, CGST Dehradun.
Total financial implication of over ₹4.56 Crores plus applicable interest.
The dispute arises from the disallowance of Input Tax Credit (ITC).
Company plans to contest the order, citing it as a reconciliation issue.
👀 What to Watch
Investors should monitor the progress of the company's appeal and check for any financial provisions made in the upcoming quarterly earnings. While the company is contesting the demand, the potential cash outflow remains a short-term concern.
Shivam Autotech Allots ₹45 Crore Optionally Convertible Debentures to Alpha Alternatives Fund
Shivam Autotech Limited has approved the allotment of 4,500 unlisted, secured, optionally convertible debentures (OCDs) to Alpha Alternatives Structured Credit Opportunities Fund. The total fundraise amounts to ₹45 crore with a face value of ₹1,00,000 per debenture. These instruments carry a coupon rate of 10.00% per annum and have a tenure of up to 18 months. The infusion of capital is a significant move for the company, though it comes with a 12-month lock-in period.
Key Highlights
Allotment of 4,500 unlisted, secured, optionally convertible debentures totaling ₹45 crore
Coupon rate fixed at 10.00% per annum with a tenure of up to 18 months
Sole investor is Alpha Alternatives Structured Credit Opportunities Fund
12-month lock-in period starting from the allotment date of February 12, 2026
Face value of each debenture is ₹1,00,000
👀 What to Watch
Investors should monitor the company's debt-to-equity ratio and the potential dilution of shares if these debentures are converted into equity. The 10% coupon rate indicates a relatively high cost of capital that needs to be offset by improved operational margins.
Shivam Autotech Allots ₹75 Crore Optionally Convertible Debentures to Alpha Alternatives
Shivam Autotech Limited has approved the allotment of 7,500 unlisted, secured, optionally convertible debentures (OCDs) to Alpha Alternatives Structured Credit Opportunities Fund. The total fundraise amounts to ₹75 crore with a face value of ₹1,00,000 per debenture. These instruments carry a coupon rate of 10% per annum and have a tenure of up to 18 months. This capital infusion is likely intended to bolster the company's liquidity or fund operational requirements.
Key Highlights
Allotment of 7,500 unlisted, secured, redeemable, optionally convertible debentures (OCDs) aggregating to ₹75 crore
Coupon rate set at 10.00% per annum to be paid as per transaction documents
Tenure of the instrument is up to 18 months with a 12-month lock-in period
Sole investor is Alpha Alternatives Structured Credit Opportunities Fund via private placement
Deemed date of allotment is February 10, 2026
👀 What to Watch
Investors should monitor the specific conversion terms of the OCDs as they may lead to equity dilution in the future. The 10% interest cost is significant, so the efficiency of fund utilization for growth will be a key performance indicator.
Shivam Autotech Q3 Net Loss Widens to ₹24.5 Cr; Net Worth Turns Negative
Shivam Autotech reported a weak performance for Q3 FY26, with revenue from operations declining 14.7% YoY to ₹96.2 crore. The net loss more than doubled to ₹24.5 crore compared to ₹11.9 crore in the same period last year, exacerbated by a sharp rise in finance costs and an exceptional item of ₹1.1 crore. Most critically, the company's net worth has turned negative, standing at -₹22.8 crore as of December 31, 2025. While the company has received in-principle approval for a fundraise via Optionally Convertible Debentures, its current financial stability is under significant pressure.
Key Highlights
Revenue from operations fell 14.7% YoY to ₹9,618.47 Lakhs from ₹11,273.87 Lakhs.
Net loss for the quarter widened to ₹2,453.33 Lakhs compared to a loss of ₹1,186.00 Lakhs in Q3 FY25.
Finance costs increased significantly to ₹1,905.13 Lakhs, up from ₹1,494.65 Lakhs in the year-ago quarter.
Company's net worth has eroded to negative ₹2,282.58 Lakhs as of December 31, 2025.
The Board recognized an exceptional charge of ₹111.62 Lakhs due to the impact of new labour codes.
👀 What to Watch
Investors should exercise extreme caution as the company's net worth has turned negative and losses are accelerating. The upcoming fundraise through Optionally Convertible Debentures is a critical monitorable for liquidity, but the fundamental outlook remains highly risky.
Shivam Autotech Q3 FY26 Net Loss Widens to ₹24.53 Cr; Net Worth Turns Negative
Shivam Autotech reported a weak set of results for Q3 FY26, with revenue from operations declining 14.7% YoY to ₹96.18 crore. The net loss for the quarter widened significantly to ₹24.53 crore, compared to a loss of ₹11.86 crore in the same quarter last year. Most concerningly, the company's net worth has turned negative at ₹22.83 crore as of December 31, 2025. High finance costs of ₹19.05 crore and an exceptional charge of ₹1.12 crore related to new labour codes further impacted the bottom line.
Key Highlights
Revenue from operations fell to ₹96.18 crore in Q3 FY26 from ₹112.74 crore in Q3 FY25.
Net loss for the quarter widened to ₹24.53 crore versus a loss of ₹12.42 crore in the preceding quarter.
Company's net worth is now negative at ₹22.83 crore, indicating severe financial distress.
Finance costs increased sharply to ₹19.05 crore from ₹13.11 crore on a QoQ basis.
Received in-principle approval for issuing 12,000 Optionally Convertible Debentures (OCDs) to address liquidity needs.
👀 What to Watch
Investors should exercise extreme caution due to the company's negative net worth and widening losses. While a fundraise via OCDs is planned, the deteriorating operational performance and high debt servicing costs make this a high-risk situation.
Shivam Autotech Gets Approval for ₹120 Crore Optionally Convertible Debentures Issue
Shivam Autotech has received in-principle approval from both NSE and BSE for a preferential issue of 12,000 Optionally Convertible Debentures (OCDs). Each OCD carries a face value of ₹1,00,000, representing a total fundraise of ₹120 Crores. These debentures are convertible into 4,16,52,204 equity shares of ₹2 each. This capital infusion is intended to strengthen the company's balance sheet, though it will lead to significant equity dilution upon conversion.
Key Highlights
Received in-principle approval for 12,000 unlisted, secured, redeemable OCDs
Total fundraise amount aggregates to ₹120 Crores at ₹1,00,000 per OCD
Proposed conversion into 4,16,52,204 equity shares of face value ₹2 each
Approval received from both National Stock Exchange (NSE) and BSE Limited
Allottees are restricted from intra-day trading or selling shares until the allotment date
👀 What to Watch
Investors should watch for the final allotment and conversion price details, as the potential addition of 4.16 crore shares will significantly dilute existing holdings. Monitor how the company intends to utilize the ₹120 crore proceeds for growth or debt reduction.
Shivam Autotech: Promoters & Management to Skip Subscription in Preferential Issue of OCDs
Shivam Autotech Limited has clarified that its Promoters, Directors, and Key Managerial Personnel (KMPs) do not intend to subscribe to the upcoming preferential issue of Optionally Convertible Debentures (OCDs). This update follows the Postal Ballot process which concluded on December 31, 2025, and a subsequent corrigendum issued on December 16, 2025. The decision indicates that the capital infusion will be driven entirely by external investors rather than internal stakeholders. Investors should note that this fundraise will lead to equity dilution upon conversion without increasing promoter skin in the game.
Key Highlights
Promoters, Directors, and Senior Management will not participate in the preferential OCD issue.
The Postal Ballot voting period for the fundraise concluded on December 31, 2025.
A corrigendum to the original December 1, 2025, notice was issued on December 16, 2025.
The disclosure is a formal update under Regulation 30 of SEBI LODR Regulations.
👀 What to Watch
Investors should monitor the list of external subscribers to the OCDs to assess the quality of new capital coming into the company. The lack of promoter participation suggests a reliance on external funding which may impact future control and dilution dynamics.
Shivam Autotech Wins GST Case; ₹100.2 Crore Demand and Penalty Dropped
Shivam Autotech Limited has successfully resolved a major tax dispute with the CGST Commissionerate, Dehradun. The authority has dropped a proposed demand of ₹50.10 crore and a penalty of ₹50.10 crore, totaling over ₹100 crore. The case involved alleged discrepancies between e-way bill data and GSTR-3B filings for the financial years 2018-19 through 2020-21. The final order confirms NIL demand, effectively removing a significant financial risk from the company's books.
Key Highlights
CGST proceedings dropped for FY 2018-19, 2019-20, and 2020-21
Total proposed demand of ₹50.10 crore and penalty of ₹50.10 crore cancelled
The final order results in NIL demand and no financial impact on the company
The dispute was related to discrepancies between e-way bill portal data and GSTR-3B filings
👀 What to Watch
The removal of a ₹100 crore potential liability is a significant positive for the stock. Investors can remain positive as this regulatory risk is now fully mitigated.
Shivam Autotech Wins GST Case: ₹100 Crore Demand and Penalty Dropped
Shivam Autotech Limited has received a favorable order from the CGST Commissionerate, Dehradun, which has dropped all proceedings against the company. The original Show Cause Notice had proposed a substantial tax demand of ₹50.10 crore and an equivalent penalty of ₹50.10 crore, totaling over ₹100 crore plus interest. The dispute was related to alleged discrepancies between e-way bill data and GSTR-3B filings for the financial years 2018-19, 2019-20, and 2020-21. The final order confirms a NIL demand, effectively eliminating a major contingent liability for the company.
Key Highlights
CGST Commissionerate dropped proceedings initiated under Section 74 of the CGST Act, 2017.
Proposed tax demand of ₹50.10 crore and penalty of ₹50.10 crore have been completely waived.
The case involved alleged tax liability discrepancies for three financial years: 2018-19, 2019-20, and 2020-21.
The final order results in NIL demand confirmed against the company, ensuring no negative financial impact.
👀 What to Watch
The resolution of this tax dispute is a significant positive development as it clears a large potential liability that could have impacted cash flows. Investors should view this as the removal of a major financial risk and a positive for the company's balance sheet.
Shivam Autotech Issues Corrigendum for ₹120 Crore OCD Preferential Issue
Shivam Autotech Limited has issued a corrigendum to its postal ballot notice regarding a proposed preferential issue of Optionally Convertible Debentures (OCDs) totaling ₹120 crore. The company clarifies that ₹115 crore of the proceeds will be used to repay existing non-convertible debentures, while ₹5 crore is allocated for working capital. The update provides specific regulatory pricing clarifications under SEBI ICDR Regulations 166A and 164(4). This move is primarily a debt restructuring exercise aimed at converting or refinancing existing debt obligations.
Key Highlights
Proposed issuance of up to 12,000 unlisted, secured, optionally convertible debentures (OCDs) at ₹1,00,000 each.
Total fundraise amount capped at ₹120 crore via preferential allotment to a proposed allottee.
Allocation of ₹115 crore for the repayment of NCDs issued to the same allottee on December 5, 2025.
Remaining ₹5 crore earmarked for long-term working capital requirements.
Pricing methodology updated to comply with Regulation 166A read with 164(4) of SEBI ICDR Regulations.
👀 What to Watch
Investors should monitor the conversion terms of the OCDs as they may lead to future equity dilution, and evaluate the impact of this debt refinancing on the company's interest burden.
Shivam Autotech Allots ₹32 Crore Secured NCDs to Alpha Alternatives Fund
Shivam Autotech Limited has approved the allotment of 3,200 secured, unlisted, and unrated Non-Convertible Debentures (NCDs) aggregating to ₹32 crore. The fundraise is conducted via private placement to the Alpha Alternatives Structured Credit Opportunities Fund. These NCDs carry a coupon rate of 10.00% per annum with a maximum tenure of 36 months. The arrangement includes an 18-month moratorium period, providing the company with short-term cash flow flexibility.
Key Highlights
Allotment of 3,200 secured, unlisted, unrated NCDs with a face value of ₹1,00,000 each.
Total fundraise amount aggregates to ₹32 crore through private placement.
Fixed coupon rate of 10.00% per annum to be paid as per transaction documents.
Tenure of up to 36 months with an 18-month moratorium on principal/interest.
Sole investor identified as Alpha Alternatives Structured Credit Opportunities Fund.
👀 What to Watch
Investors should monitor the company's utilization of these funds and its ability to service the 10% interest rate given the unrated nature of the debt. Watch for improvements in operational liquidity or debt restructuring in upcoming quarterly reports.
Shivam Autotech Allots ₹45 Crore NCDs via Private Placement
Shivam Autotech Limited has announced the allotment of 4,500 secured, unlisted, unrated, redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹45 crore. These NCDs are issued on a private placement basis. The coupon/interest offered is 10.00% p.a. The tenure of the instrument will be up to a maximum of 36 months with an 18-month moratorium.
Key Highlights
Allotted 4,500 secured NCDs
Face value of each NCD is ₹1,00,000
Total amount raised is ₹45 crore
Coupon/interest offered is 10.00% p.a.
Tenure is up to 36 months with 18-month moratorium
👀 What to Watch
Investors should monitor the company's debt levels and interest expenses. Review the terms of the debenture trust deed for detailed information on redemption and payment schedules.
Shivam Autotech to Raise ₹45 Crore via Private Placement of NCDs
Shivam Autotech Limited has approved the allotment of 4,500 secured, unlisted, and unrated Non-Convertible Debentures (NCDs) to Alpha Alternatives Structured Credit Opportunities Fund. The total fundraise amounts to ₹45 crore, with each debenture having a face value of ₹1,00,000. The NCDs carry a coupon rate of 10.00% per annum and have a maximum tenure of 36 months, which includes an 18-month moratorium period.
Key Highlights
Allotment of 4,500 secured, unlisted, and unrated NCDs aggregating to ₹45 crore.
The debentures are issued on a private placement basis to Alpha Alternatives Structured Credit Opportunities Fund.
Fixed coupon rate of 10.00% per annum to be paid as per transaction documents.
Tenure of up to 36 months with a built-in 18-month moratorium period.
The face value of each NCD is set at ₹1,00,000.
👀 What to Watch
Investors should monitor the company's utilization of these funds and its ability to service the 10% interest obligation given the 18-month moratorium. The capital infusion is a positive sign for liquidity, but the unrated nature of the debt suggests a higher risk profile.
Shivam Autotech: Postal Ballot for ₹120 Crore OCD Issuance
Shivam Autotech is seeking shareholder approval via postal ballot for several special resolutions. Key among them is the issuance of unlisted, secured, redeemable, optionally convertible debentures (OCDs) on a preferential basis, aggregating up to ₹120 Crore. These OCDs can be converted into 4,16,52,204 Equity Shares at a conversion price of ₹28.81 per share. The remote e-voting will commence on December 02, 2025, and end on December 31, 2025.
Key Highlights
Issuance of up to 12,000 unlisted, secured, redeemable, optionally convertible debentures.
OCD issue size of up to ₹120 Crore.
Conversion of 12,000 OCDs into 4,16,52,204 Equity Shares.
Conversion price of ₹28.81 per Equity Share.
Voting ends on December 31, 2025 at 5:00 p.m. (IST).
👀 What to Watch
Shareholders should review the postal ballot notice and explanatory statement carefully, paying close attention to the terms and conditions of the OCD issuance and potential dilution. Investors should vote based on their assessment of the company's fundraising strategy.
