Board approves rights issue terms: 19:25 ratio, ₹12 per share, up to 10,00,00,000 shares

Board of Shivam Autotech Ltd met on Thursday, October 08, 2026 and approved the terms of a rights issue.

Thu 8 Oct 2026

Issue Price

₹ 12 per Equity Share (face value ₹ 2/- plus premium of Rs. 10)

Entitlement Ratio

19:25 — 19 Right Equity Shares for every 25 fully paid-up Equity Shares held

Issue Size / Shares

Up to 10,00,00,000 Right Equity Shares; issue size up to ₹ 12,000 Lakhs

Shivam Autotech Ltd's Board of Directors met on Thursday, October 08, 2026 and approved the terms of a rights issue of fully paid-up equity shares. The company had received in-principle approval from the National Stock Exchange of India Limited and BSE Limited through letters each dated September 29, 2026. The Board also adopted the Letter of Offer, which is to be shared with the exchanges and dispatched to the Eligible Equity Shareholders on the record date.

What a rights issue means

A rights issue gives existing shareholders the first right to buy new shares of the company, usually in a proportion linked to the shares they already hold. Here, a shareholder gets 19 Right Equity Shares for every 25 fully paid-up Equity Shares held on the record date.

Terms approved by the Board

• Type of security: fully paid-up Equity Shares of face value ₹ 2/- each
• Number proposed: up to 10,00,00,000 Right Equity Shares of face value ₹ 2 each
• Issue price: ₹ 12 per Equity Share, including premium of Rs. 10 per Equity Share
• Issue size: up to ₹ 12,000 Lakhs
• Payment: the full amount of ₹ 12/- per Equity Share is payable on application
• Entitlement ratio: 19:25, i.e. 19 Right Equity Shares for every 25 fully paid-up Equity Shares held

Share capital before and after

• Outstanding Equity Shares prior to the Rights Issue: 13,14,95,219 Equity Shares of ₹ 2/- each
• Outstanding Equity Shares post the Rights Issue, assuming full subscription: 23,14,95,219 Equity Shares of ₹ 2/- each

Both figures are subject to finalisation of the Basis of Allotment.

Dates to note

• Record date for entitlement: Thursday, October 15, 2026
• Rights Issue Opening Date: Thursday, October 22, 2026
• Closure of REs trading (last date for on-market renunciation of Rights Entitlement): Friday, November 13, 2026
• Rights Issue Closing Date: Thursday, November 19, 2026
• The Board has the right to extend the issue period as it may determine from time to time, but not exceeding 30 days from the Issue Opening Date (inclusive of the Issue Opening Date)

What shareholders should keep in mind

• Only shareholders holding shares on the record date are eligible to receive the rights entitlement.
• Renunciation through off-market transfer should be completed such that the Rights Entitlements are credited to the demat accounts of the renouncees on or prior to the Rights Issue Closing Date.
• No withdrawal of application is permitted by any applicant after the Issue Closing Date.
• The Rights Entitlement ISIN is INE637H20024.
• Other terms of the issue, including fractional entitlements and the issue schedule, are to be included in the Letter of Offer.

How this can be seen

The update sets out the price, ratio, share count, issue size and schedule of the rights issue, giving eligible shareholders the details needed to decide whether to apply, partly apply or renounce their entitlement. The terms are stated as approved by the Board and as subject to finalisation of the Basis of Allotment.

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