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

Shiva Texyarn Limited has announced a board meeting outcome approving audited financial results showing a consolidated net profit of ₹12.06 Cr, reversing last year's loss, with revenue at ₹322.71 Cr, slightly lower than before. The board declared a 45% dividend per share, pending shareholder approval. Sri S K Sundararaman was re-appointed Managing Director for three years from August 2025. Sri M Nagarajan was appointed Cost Auditor and Sri R Dhanasekaran proposed as Secretarial Auditor. The board granted initial approval to acquire an 11.5% stake in Finecot Spinning Mills Pvt Ltd to adopt solar power via a captive user model. The audit concluded with an unmodified opinion.