Shivam Autotech announces up to ₹120 crore rights issue at ₹12 per share
As filed · Shivam Autotech Limited has informed the Exchange regarding 'Submission Of Letter Of Offer For Rights Issue Of Fully Paid-Up Equity Shares Of Shivam Autotech Limited'.
What happened
FactShivam Autotech will offer up to 10,00,00,000 fully paid equity shares on a rights basis at ₹12 per share, aggregating up to ₹12,000 lakhs assuming full subscription. Eligible shareholders will receive 19 rights shares for every 25 shares held on the October 15, 2026 record date; the issue is 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 interpretationGuidance
WithdrawnThe sector is projected to witness double-digit growth in FY 2025, with robust traction expected in EV components, off-highway vehicles, premium two-wheelers, and passenger cars.
Our priorities for FY2026–27 are clear: restoring profitable growth, improving operational performance, improving asset utilisation, strengthening cash generation, reducing leverage, expanding our presence in high-growth product categories and delivering sustainable value for all stakeholders.
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 'Submission Of Letter Of Offer For Rights Issue Of Fully Paid-Up Equity Shares Of Shivam Autotech Limited'.(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · FY26
- Earlier statement · FY25
- Latest statement · FY26
How CapitSignal classified this
- Reasoning:
- The proposed issue could raise up to ₹12,000 lakhs of equity capital, while eligible shareholders face a decision on subscribing to or renouncing their rights entitlements. The filing does not state the intended use of proceeds, and the final issue size remains subject to subscription and allotment.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%