Shivam Autotech Receives Applications for 1.75 Crore Shares Under Rights Issue
The three investors have applied for shares exceeding the rights entitlements transferred to them, as disclosed by Shivam Autotech under SEBI regulations.
Shivam Autotech Discloses Rights Issue Applications
Shivam Autotech has informed the stock exchanges about applications received from three investors for its rights issue. Thakur Devi Investments Private Limited applied for 1.25 crore shares, while Suman Kant Munjal and Survam Partners LLP each applied for 25 lakh shares.
The applications were made by investors who received Rights Entitlements (REs) from Dayanand Munjal Investments Private Limited. According to the disclosure, the applications are in compliance with Regulation 77B(2) of the SEBI Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018.
Investor Applications and Rights Entitlements
- Thakur Devi Investments Private Limited: Applied for 1.25 crore shares against 49.83 lakh renounced Rights Entitlements.
- Suman Kant Munjal: Applied for 25 lakh shares against 9.97 lakh renounced Rights Entitlements.
- Survam Partners LLP: Applied for 25 lakh shares against 9.97 lakh renounced Rights Entitlements.
- Total Applications: 1.75 crore shares across the three investors.
- Source of Entitlements: The investors received their Rights Entitlements from Dayanand Munjal Investments Private Limited.
- Application Date: October 28, 2026, which marked the opening of the rights issue.
- Regulatory Compliance: The company disclosed the applications under Regulation 77B(2) of the SEBI ICDR Regulations, 2018.
What to Watch Next
Investors will watch for further updates on the rights issue, including the total subscription received, participation by eligible shareholders and the final allotment of shares. Any subsequent disclosures from Shivam Autotech may provide more clarity on the issue’s progress.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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