Amendment to the object clause of Memorandum of Association and adoption of new set of Articles of Association of the Company subject to the approval of shareholders at the ensuing Annual ....
SHIVATEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shiva Texyarn Limited's Board of Directors met on 27th May 2026 and approved multiple items. The company reported standalone revenue of Rs. 34,052.40 lakhs and consolidated revenue of Rs. 33,271.14 lakhs for FY 2025-26, with standalone net profit of Rs. 1,299.61 lakhs and consolidated net profit of Rs. 1,348.40 lakhs. The Board recommended a dividend of Rs. 3 per share (30% on Rs. 10 face value). Two senior management appointments were made: Sri M Gopalakrishnan elevated as Chief Operating Officer (Lamination Division) and Sri G K Raman appointed as President - Strategic Affairs. The Board also approved amendments to the Object Clause of the MOA and adoption of a new AOA aligned with the Companies Act, 2013, both subject to shareholder approval at the AGM. Sri M Nagarajan was appointed as Cost Auditor for FY 2026-27.
The financial results are positive with improved profitability and a dividend declaration. The MOA and AOA amendments are routine compliance updates and do not signal any major strategic shift. The management appointments indicate strengthening of the leadership team.