Shivam Autotech532776Rights issue announcement

Letter of Offer shared for rights issue of up to 10,00,00,000 shares at ₹12 each

Shivam Autotech has submitted its Letter of Offer for a proposed rights issue of up to 10,00,00,000 equity shares at ₹12 each (face value ₹2, premium ₹10), raising up to ₹12,000 Lakhs.

By ScoutQuest · Tue 13 Oct 2026, 8:16 PM IST · 2 min read

₹12/-Issue price per Rights Equity Share

Premium per Rights Equity Share₹10/-

Face value per equity share₹2/-

Issue price per Rights Equity Share ₹12/-: Premium per Rights Equity Share ₹10/-, Face value per equity share ₹2/-.

Issue Size: up to ₹12,000 Lakhs
Issue Price: ₹12 each (face value ₹2, premium ₹10)
Rights Ratio: 19 rights shares for every 25 shares held

What has been shared

Shivam Autotech Limited has submitted its Letter of Offer dated October 08, 2026, approved by the Board of Directors at its meeting held on October 08, 2026, with SEBI, BSE Limited and the National Stock Exchange of India on October 13, 2026, for the proposed rights issue of its equity shares.

Terms of the proposed rights issue

Issue of up to 10,00,00,000 Rights Equity Shares of face value ₹2 each
Issue price ₹12 per Rights Equity Share, including a premium of ₹10 per Rights Equity Share
Aggregating up to ₹12,000 Lakhs (assuming full subscription, subject to finalisation of the Basis of Allotment)
Ratio: 19 Rights Equity Shares for every 25 fully paid-up Equity Shares held on the Record Date
The issue price is six (6) times the value of the equity shares
Only those Equity Shareholders who have provided an Indian address are eligible to participate

The dates to note

Record Date: Thursday, October 15, 2026
Last date for credit of Rights Entitlements: Wednesday, October 21, 2026
Issue Opening Date: Thursday, October 22, 2026
Last date for on-market renunciation of Rights Entitlements: Friday, November 13, 2026
Issue Closing Date: Thursday, November 19, 2026
The Board has the right to extend the Issue period, but not beyond 30 days from the Issue Opening Date
No withdrawal of an application is permitted after the Issue Closing Date

Who is handling the issue

Registrar to the Issue: MCS Share Transfer Agent Limited
Banker to the Issue: ICICI Bank Limited
Monitoring Agency: Care Ratings Limited
Designated Stock Exchange: NSE
The company has received in-principle approvals from BSE and NSE for listing the Rights Equity Shares, vide their letters each dated September 29, 2026

What this means for an eligible shareholder

A rights issue lets existing shareholders buy new shares in proportion to what they already hold. On this record date, a holder of 25 fully paid-up equity shares is entitled to 19 Rights Equity Shares at ₹12 each. The entitlement itself can be renounced or transferred, either through the secondary market on or before Friday, November 13, 2026, or through an off-market transfer, which must be completed so that the Rights Entitlements reach the renouncee's demat account on or prior to the Issue Closing Date.

Points the company has flagged

The Letter of Offer states that the promoter or directors are not wilful defaulters as on its date. It also carries general risk warnings and advises investors to read the risk factors carefully and to rely on their own examination of the company and the issue before taking an investment decision.

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