Shivam Autotech Limited Board approves rights issue (ratio and price details unavailable)

IPO / ECM 1 Jul 2026 · Announced· ✓ Verified

Shivam Autotech informed NSE on 1 July 2026 that its Board had decided to issue equity shares on a rights basis. However, the official NSE disclosure shows ratio as 0:0 (zero for zero shares) and issue price as ₹0 per share-clearly data corruption or a draft filed in error. Rights issues are governed by the Companies Act 2013 (preferential allotment rules) and NSE Listing Rules 30; the company must file a fresh, complete disclosure with actual ratio, price, number of shares, and record date before shareholders can act.

Why it mattersThe filing is procedurally incomplete or corrupted-partners must seek the full circular, detailed prospectus or amended disclosure before advising on capital structure, EPS dilution or shareholder voting; the company must lodge a corrected filing with NSE under Listing Rules 30 and Schedule III.
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