Shivam Autotech Limited — Board Meeting, 18-01-2025: Outcome of Board Meeting

The Board of Directors of Shivam Autotech Limited has conducted a meeting and approved a fund-raising proposal through the issuance of secured unlisted, unrated redeemable Non-Convertible Debentures (NCDs) up to ₹50 Crore via private placement. This issuance will consist of a maximum of 5,000 NCDs with a face value of ₹1,00,000 each, set to mature within a maximum of 48 months. The NCDs will offer an interest rate of 14.00% per annum, with security backed by fixed assets of the company and other specified assets.