Shiva Texyarn Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 21, 2025
SHIVATEX · price
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Awaiting price reaction for this filing.
Shiva Texyarn Limited held its 44th Annual General Meeting on August 21, 2025, through video conferencing, with 38 members representing 95,98,271 shares in attendance. Six resolutions were tabled — three ordinary and three special — including adoption of audited financial statements, declaration of dividend on equity shares, appointment of Director S V Kandasami, appointment and remuneration of the Secretarial Auditor, re-appointment of S K Sundararaman as Managing Director, and ratification of the Cost Auditor's remuneration. The Managing Director briefed shareholders on the company's operations, noting challenges such as rising cotton prices in the textile industry, along with financial performance and future business prospects. Both the Statutory Auditor's Report and Secretarial Audit Report for FY ended March 31, 2025 had no qualifications or adverse remarks. The e-voting results are to be disclosed on the company's website and stock exchanges by August 23, 2025.
Routine AGM disclosure with no negative surprises. The clean audit reports and re-appointment of the existing Managing Director signal continuity, while the proposed dividend and director appointments will only be confirmed once e-voting results are announced. Watch for the official voting outcome for confirmation of the dividend.