Shivam Autotech Limited — Important, 22-12-2024: Updates

The resolution pertaining to the issuance of Secured, Optionally Convertible Debentures has been successfully ratified by shareholders through a remote e-voting process. The voting results indicate that 99.95% of the total votes were cast in favor, with 91,643,346 votes for and only 48,218 against. Notably, all promoter group shares were voted in favor, reflecting strong support for the initiative. This financing option could enhance liquidity and potentially drive future growth. Investors should keep an eye on how these financing strategies may position the company for upcoming opportunities.