Shiva Mills Limited has informed the Exchange regarding 'Annual General Meeting'.
SHIVAMILLS · price
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Shiva Mills Limited held its 10th Annual General Meeting on August 21, 2025, via video conferencing, with 42 members present (3 promoter group, 39 public). Shareholders adopted the audited financial statements for FY ended March 31, 2025, and re-appointed Sri S K Sundararaman as Director (retiring by rotation). A special resolution was passed to modify the minimum remuneration for Managing Director Sri S V Alagappan and Joint Managing Director Smt A Lalitha, with a basic salary of Rs. 3 lakh per month plus allowances not exceeding annual basic salary, effective August 31, 2025, to August 30, 2027. The meeting also approved the appointment of Sri R Dhanasekaran as Secretarial Auditor for five years (April 2025 to March 2030) and ratified Rs. 1 lakh remuneration for Cost Auditor Sri M Nagarajan. Two typographical errors in the Annual Report (regarding auditor type and director category) were corrected.
Routine AGM proceedings with no major surprises — the remuneration revision for MD and JMD is modest, and the key resolutions (financial adoption, auditor appointments) are standard governance matters. E-voting results due by August 23, 2025, should be watched for any shareholder dissent on the remuneration revision.