Shivam Autotech rights issue: key dates for 2026 investors

What the company has disclosed

Shivam Autotech Limited has moved ahead with its proposed rights issue by finalising key terms and making related filings with stock exchanges. The company also intimated the exchanges about a new ISIN being created for the Rights Entitlement (RE) linked to the issue. This is a procedural step that enables eligible shareholders to receive, hold, and trade their rights entitlements in demat form.

The disclosures reference two key exchange communications: (1) intimation of the new ISIN for rights entitlements, and (2) the outcome of the board meeting held on October 8, 2026. Together, they outline the issue size, price, entitlement ratio, record date, and the broad timeline for subscription.

Board meeting outcome on October 8, 2026

At its meeting held on October 8, 2026, Shivam Autotech’s board approved the Letter of Offer and finalised the commercial terms of the rights issue. The board approved an issue of up to 10 crore fully paid-up equity shares at an issue price of ₹12 per share. The company indicated that the issue price includes a premium of ₹10 per share over the face value of ₹2.

The approvals covered the number of shares to be issued, the rights entitlement ratio, the rights issue period, and the record date. The company also indicated that the Letter of Offer adopted by the board will be filed with BSE Limited and the National Stock Exchange of India Limited (NSE), and subsequently dispatched to eligible equity shareholders as on the record date.

Issue size and fundraise amount

Based on the disclosed terms, the rights issue is for up to 10,00,00,000 equity shares. At ₹12 per share, the aggregate amount works out to up to ₹120 crore, also referenced as up to ₹12,000 lakh in the disclosures.

The company has also described this fundraising amount as equivalent to over half of its current market capitalisation. No market capitalisation figure was provided in the text, so the comparison remains qualitative in the disclosures.

Rights entitlement ratio and record date

The entitlement ratio has been set at 19 equity shares for every 25 equity shares held by eligible shareholders. Eligibility will be determined based on the record date fixed as October 15, 2026.

The record date is the cut-off date for deciding which shareholders will receive rights entitlements. Investors holding shares as of that date, as per applicable settlement timelines, would be considered eligible to receive the RE in their demat accounts.

Subscription window and renunciation timeline

The rights issue is scheduled to open on October 22, 2026, and close on November 19, 2026. The last date for on-market renunciation of rights entitlements has been stated as November 13, 2026.

Some parts of the provided text also reference “Rights Issue dates are 22 October – 13 November 2026.” In the same set of disclosures, November 13 is separately described as the last date for on-market renunciation, while November 19 is the subscription closing date. Taken together, the timeline indicates that renunciation on the market ends earlier than the final day for subscribing to the issue.

Regulatory and exchange approvals referenced

The company noted that it received in-principle approvals from NSE and BSE through letters dated September 29, 2026. It also referenced that the board had granted in-principle approval for the fundraising plan earlier, on July 1, 2026.

These milestones are part of the standard process for a rights issue, where exchanges provide in-principle approval and the company finalises and files offer documents before the issue opens.

New ISIN for Rights Entitlement: why it matters

Shivam Autotech’s exchange update also covers the “Intimation of New ISIN for Rights Entitlement” in connection with the rights issue. While the ISIN code itself is not provided in the text, the action signals that the RE instrument is being set up for credit to eligible shareholders.

For investors, the RE framework matters because it enables shareholders either to subscribe to the rights shares or to renounce (transfer/sell) their entitlements, including via on-market renunciation until the stated cut-off date.

Key terms at a glance

Promoter detail mentioned in the disclosures

The provided text identifies the promoter of Shivam Autotech as Dayanand Munjal Investments Private Limited. No additional promoter holding data or subscription intent is stated in the provided material.

Market impact: what investors typically track

From the disclosures, the key market-relevant factors are the fundraising quantum (up to ₹120 crore), the issue price (₹12), and the entitlement ratio (19:25). The company has also clarified that the shares are fully payable at the time of application, as mentioned in the provided terms.

Investors generally monitor how the RE trades, the dates for renunciation, and updates around the Letter of Offer dispatch. In Shivam Autotech’s case, the company has stated that remaining granular terms such as fractional entitlements and detailed issue schedule will be included in the Letter of Offer.

Conclusion

Shivam Autotech has finalised the terms of its rights issue, including an issue price of ₹12 per share, an entitlement ratio of 19:25, and a record date of October 15, 2026. The issue is scheduled to open on October 22 and close on November 19, with on-market renunciation ending on November 13. The next operational steps referenced are the filing of the Letter of Offer with BSE and NSE and its dispatch to eligible shareholders in due course.