Shivam Autotech is planning to raise funds though the issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) on private placement basis and amongst other matters, subject to such regulatory/ statutory approvals as may be required. A meeting of the Board of Directors of the Company is scheduled to be held on July 2, 2023, inter-alia to consider the same.
Shivam Autotech is one of the largest manufacturers of transmission gears and shafts in India. The company has been serving a large number of automobile manufacturers as their principal component partner for the past many years.
