Shiva Mills Limited has informed the Exchange regarding 'Appointment of Secretarial Auditor'.
SHIVAMILLS · price
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Shiva Mills Limited held its 10th Annual General Meeting on 21st August 2025, where shareholders approved all six items of business. These included adoption of audited financial statements for FY25 and re-appointment of director S K Sundararaman, who retired by rotation. Shareholders also passed a special resolution modifying the remuneration of Managing Director S V Alagappan and Joint Managing Director A Lalitha. The key appointment is R Dhanasekaran, a practicing Company Secretary with over 18 years of experience, as Secretarial Auditor for a 5-year term from 1 April 2025 to 31 March 2030. The remuneration of Cost Auditor M Nagarajan was also ratified.
These are routine AGM approvals and standard regulatory compliance matters. The 5-year appointment of an experienced secretarial auditor and the passing of remuneration revisions as special resolutions signal stable governance continuity with no material negative implications for shareholders.