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

Shiva Texyarn Limited has announced a board meeting outcome approving the financial results for the year ended March 31, 2025, reporting ₹322.71 Cr in revenue, ₹9.46 Cr profit before tax, and ₹11.78 Cr net profit. The board proposed a 45% dividend and reappointed Sri S K Sundararaman as Managing Director for three years. They appointed new Cost and Secretarial Auditors and gave in-principle approval to acquire an 11.5% stake in Finecot Spinning Mills, which runs captive solar power operations. This move supports the company’s focus on renewable energy to cut power costs and boost sustainability. Auditors issued a clean report, reflecting sound governance.