Shiva Texyarn Limited has informed the Exchange regarding Appointment of Sri R Dhanasekaran as Secretarial Auuditor of the company w.e.f. April 01, 2025.
SHIVATEX · price
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Shiva Texyarn's board approved audited financial results for FY25 (ended 31 March 2025). Revenue from operations stood at Rs. 32,270.74 lakhs, slightly down from Rs. 33,527.66 lakhs in FY24. The company swung back to a profit of Rs. 1,178.34 lakhs (standalone) compared to a loss of Rs. 1,108.40 lakhs in the previous year, with EPS of Rs. 9.09. The board recommended a 45% dividend (Rs. 4.50 per share on Rs. 10 face value) for FY25, subject to shareholder approval. Sri S K Sundararaman was re-appointed as Managing Director for three more years (31 Aug 2025 to 30 Aug 2028). The board also appointed a new Secretarial Auditor (Sri R Dhanasekaran) for five years, a new Cost Auditor (Sri M Nagarajan) for FY26, and gave in-principle approval to acquire an 11.50% stake in Finecot Spinning Mills (solar power) for Rs. 3.45 lakhs under a captive power model. Statutory auditors issued an unmodified opinion.
The return to profitability after a prior-year loss and the announcement of a 45% dividend are positive signals for shareholders, though the slight dip in revenue is worth noting. The solar power acquisition is small (Rs. 3.45 lakhs) but strategically aimed at reducing captive power costs.