Shiva Texyarn Limited — Important, 22-05-2025: General Updates

Shiva Texyarn has announced a 45% dividend for FY25, pending shareholder approval, and the re-appointment of Sri S K Sundararaman as MD for three years. The board approved acquiring an 11.5% stake in Finecot Spinning Mills to boost solar energy use under a captive user model. The company swung to a net profit of ₹117.83 lakh for FY25 from a loss last year, driven by steady revenues and tight cost control.