Shivam Autotech has informed that in compliance with the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the board of directors of the Company at their meeting held today, i.e. on 22nd January, 2025 have, discussed and approved the following: 1. Increase in Authorised share Capital of the Company from ? 30,00,00,000/- (Rupees Thirty Crores) divided into 15,00,00,000 (Fifteen Crores) Equity Shares of ? 2/- each to ? 44,00,00,000/- (Rupees Forty-four Crores only) divided into 22,00,00,000 (Twenty-Two Crore) Equity Shares of ? 2/- each by creation of additional 7,00,00,0000 (Sven Crore) Equity Shares of ? 2/- each, subject to approval of Shareholder; 2. Alteration of Memorandum of Association to substitute the existing Clause V with the new Clause V; 3. Proposed fund raising by way of issuance of equity shares of face value of ? 2/- each of the Company by way of qualified institutions placement (“Qualified Institutional Placement”) under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the SEBI ICDR Regulations), and Sections 42 and 62 of the Companies Act, 2013 (including the rules made thereunder), as amended, for amount up to ? 160 Crores (Rupees One Hundred Sixty Crore only) in accordance with the applicable laws including the SEBI ICDR Regulations and the Companies Act, 2013, subject to approval of the Shareholders, and receipt of necessary regulatory approvals, as may be required; etc.
The above information is a part of company’s filings submitted to BSE.
