Shiva Mills Limited — Important, 22-05-2025: Updates

Shiva Mills Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a net loss of Rs 3.81 Cr for the year, widening from Rs 3.25 Cr, due to lower revenue and higher material costs. No dividend is proposed. Management approved partial modification of remuneration for MD and JMD, pending shareholder approval. Re-appointments of Cost and Internal Auditors for FY2025-26, along with appointment of a Secretarial Auditor for five years, were also approved.