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The latest announcement is out from Shivam Autotech Limited ( (IN:SHIVAMAUTO) ).
Shivam Autotech Limited announced the successful outcome of a postal ballot, where shareholders approved an increase in the company’s authorized share capital and the issuance of equity shares through a Qualified Institutional Placement. This development is expected to strengthen the company’s financial positioning and support future growth initiatives, reflecting positively on its strategic direction and potential market expansion.
More about Shivam Autotech Limited
Shivam Autotech Limited operates in the automotive industry, focusing on manufacturing precision-engineered components and products for the two-wheeler, four-wheeler, and commercial vehicle segments.
YTD Price Performance: -25.61%
Average Trading Volume: 39,443
Current Market Cap: 4.19B INR
For a thorough assessment of SHIVAMAUTO stock, go to TipRanks’ Stock Analysis page.