Shivam Autotech Revises Rights Issue Terms

Total Rights Equity Shares: 9,99,36,366
Total Issue Size: ₹11,992.36 Lakhs

Reader Takeaway: Procedural adjustment due to fractional entitlements; key ratio and issue price remain unchanged for existing shareholders.

What just happened

Shivam Autotech Limited has filed a corrigendum to its original Letter of Offer dated October 8, 2026, regarding its upcoming Rights Issue. The company’s board approved the changes via circulation on October 21, 2026. The adjustments follow a precise recalculation of equity shares and issue size based on the established entitlement ratio of 19 rights shares for every 25 fully paid-up shares held. The total number of shares has been adjusted to 9,99,36,366, slightly reducing the total issue size to ₹11,992.36 lakh.

Why this matters

For investors, the update is primarily procedural. It ensures that fractional entitlements are accurately accounted for under the existing ratio. While the dates have shifted, the fundamental terms such as the Record Date (October 15, 2026) and the Issue Price of ₹12 per share remain fixed. This means that the core investment proposition for existing shareholders is unchanged, though they must now mark their calendars for the new timeline.

What changes now

• Revised Issue Opening Date: October 28, 2026.
• Revised Expected Listing Date: November 25, 2026.
• Net Proceeds Estimate: Revised to ₹11,967.36 lakh.

Use of Proceeds

The company intends to utilize the net proceeds as follows:

• ₹7,500 lakh for adjusting promoter unsecured loans against subscription money.
• ₹3,200 lakh for working capital requirements.
• ₹1,267.36 lakh for general corporate purposes.

What to track next

Shareholders should ensure they have the updated schedule noted for the subscription window. As the Record Date has already passed, only those eligible as of October 15, 2026, are entitled to participate in the issue.