Shivam Autotech Approves Q1 Results and Greenlights Major Share Capital Increase
Board meetings for Shivam Autotech Limited saw the approval of its unaudited financial results for the quarter ending June 30, 2026. In addition to reviewing performance metrics, the Board also accorded approvals related to corporate structure, including a significant increase in the authorized share capital and the re-appointment of a director, subject to shareholder consent at the upcoming Annual General Meeting (AGM).The results for the quarter ending June 30, 2026, were approved by the Board of Directors. Management noted that despite incurring a net loss for the quarter, the Company generated an EBITDA of Rs 792.05 lakhs and met all its debt obligations to lenders and financial institutions.
The unaudited financial results presented by Shivam Autotech Limited for the quarter ending June 30, 2026, compared with other periods are detailed below:
| Financial Metric | Q ended June 30, 2026 (Un-Audited) | Q ended March 31, 2026 (Un-Audited) | FY ended March 31, 2026 (Audited) |
|---|---|---|---|
| Revenue from Operation | 10,957.82 | 10,942.99 | 11,081.75 |
| Profit / (Loss) before exceptional items and tax | (2,098.94) | (2,005.56) | (6,964.17) |
| Net Profit / (Loss) after Comprehensive Income | (2,098.94) | (1,747.51) | (8,205.27) |
| Total Expenses | 13,120.14 | 13,087.31 | 12,287.23 |
In a key corporate action resulting from the meeting, the Board reviewed and approved increasing the authorized share capital of the Company. The existing Authorized Share Capital, which stood at Rs 44,00,00,000 divided into 22,00,00,000 equity shares of Rs 2 each, was increased to Rs 55,00,00,000. This new capital will be divided into 27,50,00,000 equity shares of Rs 2 each and will rank pari-passu with the existing equity shares.
Additionally, the Board reviewed and approved the re-appointment of Mr Yogesh Chander Munjal as a Non Executive Non Independent Director, who retires by rotation but has offered himself for reappointment. The Board also approved the consequent alteration in Clause V (the Capital Clause) of the Memorandum of Association of the Company, subject to shareholder approval at the forthcoming AGM.
The meeting reviewed the unaudited results and approved the Notice of the 21st Annual General Meeting (AGM). This AGM is scheduled for Friday, September 25, 2026, which will be conducted through Video Conferencing or other Audio Visual Means.
SHIVAMAUTO Stock Price Movement
Shares of Shivamauto today slipped by 0.29% to settle at ₹17.05. The stock traded on a total volume of 8,504 shares and closed near its intraday low, which was also at the close price.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.