1. Outcome of Board Meeting for Audited Financial results for the quarter/year ended 31.3.2026.
SHIVAMILLS · price
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Shiva Mills Ltd reported FY2026 revenue of Rs 13,913.67 lakhs, down 17.8% from Rs 16,930.54 lakhs in FY2025. Despite the revenue decline, the company significantly narrowed its net loss from Rs 381.12 lakhs to just Rs 8.95 lakhs. Q4 FY26 showed a profit of Rs 140.62 lakhs versus a loss of Rs 76.83 lakhs in Q4 FY25. The auditors gave an unmodified opinion, and the board did not recommend any dividend. The company repaid all working capital borrowings (Rs 988.58 lakhs), reducing borrowings to zero, while cash position improved from Rs 29.35 lakhs to Rs 397.08 lakhs. The board also approved new appointments for Cost Auditor, Internal Auditor, and proposed a new Statutory Auditor (CSR & Co.) due to completion of tenure of existing auditors VKS Aiyer & Co.
The company showed operational improvement with loss reduction despite lower revenue, indicating better cost management. Zero debt and strong cash position are positive signs for financial health, though persistent losses and revenue decline remain concerns for investors.