Shiva Texyarn Limited has informed the Exchange regarding Appointment of Mr 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.
Shiva Texyarn Limited held its Board Meeting on 27th May 2026 approving audited standalone financial results for FY 2025-26 with revenue from operations of Rs. 34,052.40 lakhs and profit before tax of Rs. 1,299.61 lakhs. The Board recommended a dividend of Rs. 3 per share (30%) for FY 2025-26, subject to shareholder approval at the AGM. 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 Memorandum of Association to enlarge business operations and adoption of new Articles of Association aligned with Companies Act 2013. Sri M Nagarajan was appointed as Cost Auditor for FY 2026-27 subject to shareholder ratification.
Positive sentiment from strong financial results and dividend recommendation. Routine governance changes with MOA/AOA alignment to current law. No major shareholder-impacting events.