Appointment of Sri M Nagarajan as Cost Auditor of the Company for the financial year 2026-27.
SHIVATEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shiva Texyarn Limited's Board meeting on May 27, 2026 approved multiple items including audited financial results for FY 2025-26. Standalone revenue from operations grew to Rs. 34,052.40 lakhs from Rs. 32,270.74 lakhs (approx 5.5% growth). Profit before tax increased to Rs. 1,299.61 lakhs from Rs. 945.87 lakhs (approx 37% growth). The Board recommended a dividend of Rs. 3 per share (30%) for FY 2025-26, subject to shareholder approval. Key management changes include elevation of Sri M Gopalakrishnan as COO (Lamination Division) and appointment of Sri G K Raman as President - Strategic Affairs. The company also approved amendments to its Memorandum and Articles of Association. Statutory auditors V K S Aiyer & Co issued unmodified (clean) opinion on the financial statements.
Positive signals include strong profit growth, dividend recommendation, clean audit opinion, and improved cash position (cash increased from Rs. 94.61 lakhs to Rs. 693.43 lakhs). The company appears financially healthy with adequate internal controls.