Outcome of Board Meeting
SHIVATEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shiva Texyarn Limited reported audited standalone financial results for FY2026 with revenue from operations of Rs. 34,052.40 lakhs, up 5.5% from Rs. 32,270.74 lakhs in FY2025. Profit before tax increased significantly to Rs. 1,299.61 lakhs from Rs. 945.87 lakhs in the previous year, representing growth of approximately 37%. The Board recommended a dividend of Rs. 3 per share (30% on face value of Rs. 10) for FY2025-26, subject to shareholder approval. 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 company also approved amendments to its Memorandum of Association and adopted a new set of Articles of Association in compliance with Companies Act, 2013. Statutory auditors VKS Aiyer & Co issued an unmodified (clean) audit opinion on the financial statements.
The strong profit growth despite modest revenue increase indicates improved operational efficiency. The clean audit opinion and dividend recommendation signal financial stability. Shareholders can expect positive sentiment around the 37% PBT growth and cash position improvement from Rs. 94.61 lakhs to Rs. 693.43 lakhs.