Shiva Texyarn Limited has informed the Exchange regarding Appointment of Mr G K Raman as President-Strategic Affairs under the category of Senior Management Personnel of the company w.e.f. May 27, 2026.
SHIVATEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shiva Texyarn's Board meeting on 27 May 2026 approved audited standalone and consolidated financial results for FY2025-26, reporting total income of Rs 34,570.75 lakh (standalone) and net profit after tax of Rs 1,299.61 lakh. The Board recommended a dividend of Rs 3 per share (face value Rs 10) subject to shareholder approval at the AGM. Two senior management appointments were made: Sri G K Raman as President – Strategic Affairs and Sri M Gopalakrishnan as Chief Operating Officer (Lamination Division), both effective 27 May 2026. The Board also approved amendments to the Object Clause of the MOA (removing outdated objects and realigning with Companies Act 2013) and adoption of a new set of Articles of Association replacing the older AOA from the Companies Act 1956 era. Sri M Nagarajan was appointed as Cost Auditor for FY2026-27. Statutory auditors V K S Aiyer & Co issued an unmodified audit opinion.
The dividend and appointment of experienced senior personnel (G K Raman with 25+ years in policy/regulatory affairs) are positive signals for investors. The MOA/AOA alignment with Companies Act 2013 is a routine compliance update with no material impact.