Shivam Autotech Ltd Agrees to Hold Board Meeting to Discuss Rights Issue Fundraising
Shivam Autotech Ltd has scheduled a meeting of its Board of Directors to consider a proposal for raising funds through a rights issue. The board meeting is set for Wednesday, July 01, 2026.The primary focus of the meeting will be the proposal for fund raising via the offer and issuance of fully paid up equity shares. This fundraising mechanism involves offering shares through a rights issue to eligible equity shareholders or any other method deemed appropriate under current regulations and applicable laws.
The agenda items related to the funding initiative include the approval of associated matters. These are necessary steps such as constituting a special committee of the board of directors and determining the size of the issuance.
In addition to reviewing the fundraising proposal, the Board is scheduled to address any other business brought before it with the permission of the chairman.
SHIVAMAUTO Stock Price Movement
On Wednesday, shares of Shivam Autotech Limited slipped by 1.19% to close at ₹16.60 after shedding ₹0.20 from the previous session’s close. The stock recorded a total traded volume of 13,889 shares during the period.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.
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