Shivam Autotech approves rights issue of up to 10 crore shares at ₹12 each
As filed · Shivam Autotech Limited has informed the Exchange regarding Outcome of Board Meeting held on October 08, 2026.
What happened
FactShivam Autotech’s Board approved the terms of a rights issue of up to 10,00,00,000 fully paid-up equity shares at ₹12 per share, aggregating up to ₹12,000 lakhs. Eligible shareholders will receive 19 rights shares for every 25 shares held on the October 15, 2026 record date, with the issue scheduled to open on October 22 and close on November 19, 2026.
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
WithdrawnEV penetration in India reached approximately 6.7% of overall vehicle sales in FY 2024–25, and this figure is expected to rise steadily with a national target of 30% EV adoption by 2030.
While the Indian automotive industry continued to benefit from healthy domestic demand, increasing localisation and long-term opportunities across conventional and emerging mobility segments, manufacturers operated in an increasingly complex environment shaped by geopolitical conflicts, evolving trade policies, supply chain disruptions and commodity price volatility.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Rights ratio and issue price
- Record date and subscription window
- Promoter intention to subscribe
- The sector is projected to witness double-digit growth in FY 2025, with robust traction expected in EV compone (management committed by FY25)
- EV penetration in India reached approximately 6.7% of overall vehicle sales in FY 2024–25, and this figure is (management committed by FY30)
Evidence
- Shivam Autotech Limited has informed the Exchange regarding Outcome of Board Meeting held on October 08, 2026.(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · FY26
- Earlier statement · FY25
How CapitSignal classified this
- Reasoning:
- The proposed issue could raise up to ₹12,000 lakhs, while the share count would increase from 13,14,95,219 to 23,14,95,219 assuming full subscription. The filing does not state the proposed use of proceeds or the expected subscription by existing shareholders.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%