Shiva Texyarn Limited — Others, 22-05-2025: Appointment

Shiva Texyarn Limited has announced a board meeting outcome approving the audited financial results for the year ending 31.03.2025. The company reported revenue of ₹322.71 Cr, with profit before tax of ₹9.46 Cr (standalone) and ₹9.74 Cr (consolidated). Profit after tax turned positive at ₹11.78 Cr (standalone) and ₹12.06 Cr (consolidated), reversing prior year losses. A 45% dividend per share is proposed, pending shareholder approval. Sri S K Sundararaman was re-appointed Managing Director for three years from August 2025. New appointments include a Cost Auditor for FY 2025-26 and a Secretarial Auditor for five years. The board approved acquiring 11.5% equity in Finecot Spinning Mills to access solar power via a captive use model. Statutory auditors gave an unmodified opinion on the results.