Shivam Autotech Limited — Important, 04-07-2025: General Updates

Shivam Autotech has announced a board meeting to discuss the financial results for the quarter and half-year. The company has allotted secured unlisted redeemable Non-Convertible Debentures worth Rs. 20 Crore via private placement, carrying a coupon rate of 12.85% p.a. The NCDs have a maximum tenure of 48 months with a 12-month moratorium and are secured by company assets including those linked to YES Bank facilities and a debt service reserve. This move aims to raise funds while leveraging existing assets as security.