Shiva Mills Limited has informed the Exchange that Board of Directors have not recommended any dividend for the Financial Year 2025-26.
SHIVAMILLS · price
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Shiva Mills Limited reported audited financial results for FY 2025-26 with revenue of Rs 13,913.67 lakhs, down from Rs 16,930.54 lakhs in the previous year. The company turned profitable with net profit of Rs 8.81 lakhs compared to a net loss of Rs 377.59 lakhs in FY 2024-25. Basic EPS improved to Rs 0.10 from negative Rs 4.41. The Board of Directors has not recommended any dividend for FY 2025-26, consistent with the previous year's policy. The company also announced appointments of new Cost Auditor, Internal Auditors, and proposed new Statutory Auditors. Total equity stands at Rs 9,249.59 lakhs.
For shareholders, the nil dividend is disappointing despite the company's return to profitability, possibly indicating conservative cash management or future capital needs. The stock may see muted reaction as the dividend absence was likely already factored in given last year's similar stance.