Shiva Texyarn Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2025, recommended Final Dividend of Rs. 0.60 per equity share.
SHIVATEX · price
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On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.3 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's Board, at its meeting on May 22, 2025, approved audited financial results (standalone and consolidated) for FY25 along with a final dividend recommendation of Rs. 0.60 per equity share (face value Rs. 10) subject to shareholder approval. The company reported a strong turnaround, with standalone profit after tax of Rs. 1,178.34 lakhs in FY25 versus a loss of Rs. 1,108.40 lakhs in FY24, and EPS of Rs. 9.09 versus negative Rs. 8.55. However, full-year revenue from operations declined to Rs. 32,270.74 lakhs from Rs. 33,527.66 lakhs, while Q4 FY25 revenue grew around 30% YoY to Rs. 9,157.89 lakhs. The Board also approved the re-appointment of Sri S K Sundararaman as Managing Director for 3 years, the appointment of a Cost Auditor and a Secretarial Auditor, and in-principle approval to acquire an 11.50% stake in Finecot Spinning Mills (solar power) for Rs. 3.45 lakhs to secure captive solar power. The statutory auditors issued an unmodified (clean) opinion on the financial results.
The sharp swing from a loss to a profit and a positive dividend announcement are positives for shareholders, but the marginal decline in full-year revenue and small size of the solar acquisition suggest limited near-term stock catalyst beyond the earnings recovery narrative.