Shiva Texyarn Limited has informed the Exchange regarding Appointment of Sri M Nagarajan as Cost Auditor of the company for the f.y 2025-26.
SHIVATEX · price
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Shiva Texyarn's board approved audited standalone and consolidated results for FY ending 31 March 2025, reporting a strong turnaround with standalone profit after tax of Rs. 1,178.34 lakhs versus a loss of Rs. 1,108.40 lakhs in FY24, on revenue of Rs. 32,270.74 lakhs. The board recommended a 45% dividend (Rs. 4.50 per share) for FY25, subject to shareholder approval. Sri S K Sundararaman was re-appointed as Managing Director for another three years (31.08.2025 to 30.08.2028). Sri M Nagarajan was appointed Cost Auditor for FY26 and Sri R Dhanasekaran as Secretarial Auditor for five years from 01.04.2025. Statutory auditors VKS Aiyer & Co. issued an unmodified opinion. The board also gave in-principle approval to acquire an 11.50% stake (3,450 shares for Rs. 3.45 lakhs) in Finecot Spinning Mills, a solar power company, to use solar power under a captive user model.
Positive signals for shareholders: return to profitability after a loss year, a healthy 45% dividend, leadership continuity with the MD re-appointment, and a small strategic acquisition to secure captive solar power that could help reduce future energy costs.