New ISIN fixed for rights entitlements ahead of rights issue

Shivam Autotech has fixed a new ISIN, INE637H20024, for the Rights Entitlements of its rights issue.

Thu 8 Oct 2026

New ISIN for Rights Entitlements

INE637H20024

Crediting Mode

Rights Entitlements credited in demat form under this ISIN before the issue opens

Depositories

NSDL and CDSL

What the company has shared

The company has told the stock exchanges that it has made the necessary arrangements with NSDL and CDSL so that the Rights Entitlements from its rights issue can be credited in dematerialised form into shareholders' demat accounts. A separate ISIN has been fixed for these Rights Entitlements: INE637H20024. The Rights Entitlements of eligible equity shareholders as on the record date will be credited to their respective demat accounts under this ISIN before the issue opening date. The same intimation is being put up on the company's website.

What a Rights Entitlement is

• In a rights issue, existing eligible shareholders get the right to apply for new shares, usually in proportion to the shares they already hold.
• That right itself is a tradable, renewable-able security called a Rights Entitlement.
• An ISIN is the unique code that identifies a security in the demat system. Because the Rights Entitlement is separate from the company's equity shares, it needs its own ISIN.
• Once credited, the entitlement shows up in the shareholder's demat account under this new ISIN and can be used to apply for the rights issue, or dealt with as permitted.

Why this step matters

• It confirms the mechanics of the rights issue are being put in place: a distinct ISIN for the entitlements, and a credit process through the depositories.
• Shareholders do not have to do anything for the entitlement to be credited; it is credited to the demat account linked to their holdings as on the record date.
• Because the credit happens before the issue opens, shareholders have time to see the entitlement in their demat account ahead of the application window.

What shareholders may want to track

• The record date, since only shareholders holding shares on that date are eligible for the entitlement.
• The issue opening and closing dates, and the details of the issue itself, when the company announces them.
• The entitlement appearing in the demat account under ISIN INE637H20024.
• Any intimation about renunciation or trading of the Rights Entitlements, if applicable.

Takeaway

This is an operational and procedural update about the rights issue process. It tells shareholders that the entitlements will be issued in demat form under a specific ISIN and will reach their demat accounts before the issue opens. It does not by itself change the number of shares a shareholder holds or the terms of the issue.

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