Shiva Texyarn Limited has informed the Exchange regarding re-appointment of Mr S K Sundararaman as Managing Director of the company w.e.f. August 31, 2025.
SHIVATEX · price
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.1 pts more 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 has informed the exchange about two approvals passed at its 44th Annual General Meeting held on August 21, 2025. First, shareholders approved the re-appointment of Mr. S K Sundararaman as Managing Director and Key Managerial Personnel for a further 3 years, from August 31, 2025 to August 30, 2028, via a Special Resolution. Mr. Sundararaman has over two decades of textile industry experience and holds an MBA from Cambridge University; he is related to existing directors Dr. S V Kandasami and Smt. S Sujana Abirami. Second, Mr. R Dhanasekaran, a Company Secretary in Practice, was appointed as Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030.
This is a continuity announcement — the existing MD continues in his role, signalling stable leadership, while a new secretarial auditor adds fresh compliance oversight. No material change in management or operations is expected, so the stock impact is likely neutral.