Shivam Autotech Limited — Important, 21-11-2024: Updates

Shivam Autotech Limited has issued a notice regarding a postal ballot for shareholders to ratify previously approved special resolutions concerning the issuance of 250 Unrated Secured, Optionally Convertible Debentures (OCDs) with a total face value of up to ₹25 crores. The OCDs were successfully allotted to India Credit Opportunities Fund II. As part of this postal ballot process, members can cast their votes electronically, with voting commencing on November 22, 2024, and concluding on December 21, 2024. Notably, this ballot will incorporate essential changes about the disclosures of the Ultimate Beneficial Owners of the allotees. Action taken by the company’s directors and officers regarding these OCDs is to be ratified in this meeting. The company advises shareholders to ensure their email addresses are updated to facilitate participation in the e-voting process.