The Board of Directors have not recommended dividend for the Financial Year 2025-26
SHIVAMILLS · price
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Shiva Mills reported audited full-year results for FY 2025-26 ending 31 March 2026. Revenue from operations dropped to Rs 13,913.67 lakh from Rs 16,930.54 lakh in the prior year, representing approximately 18% revenue decline. Despite the lower revenue, the company significantly narrowed its loss from Rs 381.12 lakh to Rs 47.09 lakh. The Board did not recommend any dividend for FY 2025-26, consistent with the prior year. Statutory auditors M/s VKS Aiyer & Co completed their tenure and will be replaced by M/s CSR & Co subject to shareholder approval. Cost auditor and internal auditor appointments were also approved. The audit report carried an unmodified (clean) opinion.
The nearly 18% revenue decline is a concern for shareholders, though the substantial reduction in losses shows operational improvement. No dividend means investors receive no income from the stock this year. The clean audit provides confidence in financial reporting accuracy.