Shiva Mills Limited has informed the Exchange about change in Management
SHIVAMILLS · price
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Shiva Mills Limited announced the resignation of Sri V A Om Prakash Babu from the position of General Manager (Senior Management Personnel) effective from the close of business hours on 31.3.2026. The resignation is due to personal reasons. Simultaneously, the company appointed Sri P Solairaj as Senior General Manager effective from 1.4.2026. Solairaj is a Diploma holder in Textile Technology with 32 years of extensive experience in the textile industry. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee through a resolution passed by circulation on 31.3.2026.
The resignation of a senior management personnel may create a short-term leadership gap. However, the immediate internal appointment of an experienced replacement suggests continuity in operations. Shareholders should monitor if the new appointee can maintain the same level of operational oversight.