Shiva Mills Limited has informed the Exchange with Outcome of 10th Annual General Meeting held on August 21, 2025
SHIVAMILLS · price
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Shiva Mills held its 10th Annual General Meeting on August 21, 2025, where shareholders approved all six items on the agenda. These included adoption of audited financial statements for FY ending March 31, 2025, and the re-appointment of director Sri S K Sundararaman, who retires by rotation. Shareholders also approved modifications to the remuneration of Managing Director Sri S V Alagappan and Joint Managing Director Smt A Lalitha via special resolutions. Additionally, Sri R Dhanasekaran was appointed as Secretarial Auditor for a five-year term from April 1, 2025 to March 31, 2030, and the remuneration of Cost Auditor Sri M Nagarajan was ratified.
This is a routine AGM outcome with standard governance approvals. Shareholders passed all resolutions, indicating smooth continuity in leadership and no governance disruptions. The increased remuneration for the MD and Jt MD may slightly affect future expense ratios, but no major strategic shift is signalled.