Shiva Texyarn Limited Announces Audited Financial Results, Dividend Recommendation, and Key Management Appointments

Shiva Texyarn Limited Announces Audited Financial Results, Dividend Recommendation, and Key Management Appointments​

Shiva Texyarn Limited announced key outcomes from its Board of Directors meeting held on May 27, 2026. The Board approved the audited financial results for the fiscal year ended March 31, 2026, and recommended a final dividend for the period. Additionally, the company announced several senior management appointments and outlined proposed amendments to its corporate documents.

Financial Results and Dividend Recommendation​

The company released its audited financial statements for the year ending March 31, 2026.

The reported performance metrics for the year were as follows (in ₹ lakhs):


The Board of Directors also recommended a dividend of ₹ 3/- per equity share (face value of ₹ 10/- each) for the financial year 2025-26, subject to the approval of the shareholders at the Annual General Meeting.

Key Management Personnel Appointments​

The Board of Directors ratified several appointments of senior management personnel effective May 27, 2026:

• Chief Operating Officer (Lamination Division): Sri M Gopalakrishnan was elevated to the role of Chief Operating Officer (Lamination Division) and categorized as Senior Management Personnel of the Company. Sri M Gopalakrishnan's profile includes qualifications such as B.Com., PGDFTM, MBA (HR & Finance), and CMA-Stage 1, and expertise as a Senior Corporate Leader with over three decades of industrial experience.
• President - Strategic Affairs: Sri G K Raman was appointed as President - Strategic Affairs, also under the Senior Management Personnel category. His expertise includes over 25 years of leadership in the textiles, apparel, pharmaceuticals, and healthcare sectors, coupled with extensive experience working with various Ministries.
• Cost Auditor: Sri M Nagarajan has been appointed as the Cost Auditor for the company for the financial year 2026-27. This appointment is subject to the ratification of remuneration by the shareholders at the ensuing Annual General Meeting.

Constitutional Changes Proposed​

The company also highlighted structural and governance proposals, which are subject to the approval of the shareholders at the forthcoming Annual General Meeting:

• Memorandum of Association (MOA) Amendment: The company proposes an amendment to its main object clause to enable enlargement of operational areas. This includes inserting a new clause and regrouping existing objects, including defining incidental or ancillary objectives in alignment with the Companies Act, 2013.
• Articles of Association (AOA) Adoption: The company plans to adopt a new set of Articles of Association, replacing the existing AOA which is based on the provisions of the erstwhile Companies Act, 1956, to align the company’s bylaws with the provisions of the Companies Act, 2013.

The company confirmed that the statutory auditors, M/s. V K S Aiyer & Co., Chartered Accountants, issued an Audit Report with an unmodified opinion on the audited financial results for the year ended March 31, 2026.

SHIVATEX Stock Price Movement​

Shares of Shiva Texyarn Limited today slipped by 1.32%, settling at ₹164. The stock traded with a volume of 30,792 shares during the session, closing down ₹2.19.