Shivam Autotech Secures Shareholder Approval for Capital Expansion

The latest update is out from Shivam Autotech Limited ( (IN:SHIVAMAUTO) ).

Shivam Autotech Limited announced that the resolution proposed in its postal ballot notice has been approved by shareholders through a remote e-voting process. This resolution includes an increase in the company’s authorized share capital and the consent to issue and allot equity shares through a Qualified Institutional Placement, indicating potential growth and expansion opportunities.

More about Shivam Autotech Limited

Shivam Autotech Limited operates in the automotive components industry, focusing on manufacturing a variety of auto parts. The company serves a broad market, providing essential components to numerous automotive manufacturers.

YTD Price Performance: -25.61%

Average Trading Volume: 39,443

Current Market Cap: 4.19B INR

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