Shiva Texyarn Limited — Board Meeting, 22-05-2025: Outcome of Board Meeting

Shiva Texyarn has announced a board meeting approving audited consolidated results for FY25, posting a net profit of Rs 11.21 Cr versus last year’s loss. Revenue eased slightly to Rs 322.71 Cr. The board proposed a 45% dividend. Leadership updates include re-appointing S K Sundararaman as MD for three years from August 2025. New appointments: M Nagarajan as Cost Auditor and R Dhanasekaran as Secretarial Auditor. Strategically, the company gave in-principle nod to acquire an 11.5% stake in Finecot Spinning Mills to strengthen captive solar power access.