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Incorporated in 2015, Shiva Mills Ltd manufactures and markets Cotton Yarn
Shiva Mills' 11th AGM saw the adoption of FY26 audited financials. M/s CSR & Co were appointed new Statutory Auditors for five years. Shareholders ratified Cost Auditor remuneration of 0.01 Cr for FY27.
Shiva Mills approved its financial results for the quarter and year. FY26 revenue stood at 139.14 Cr, with a net loss of 0.47 Cr. The company reported a Q4 net profit of 1.41 Cr, marking a turnaround. No dividend was declared. New Cost, Internal, and Statutory Auditors were appointed.
Shiva Mills shareholders gave their nod to revised pay for the MD & JMD at the AGM. They also adopted audited financials, re-appointed a director, and appointed a new secretarial auditor for a five-year term.
Shiva Mills' AGM approved revised pay packages for its MD & JMD. Each will receive ₹0.36 Cr annually, guaranteed till August 2027, irrespective of company profitability. This locks in executive compensation costs.
Shiva Mills has announced a board meeting to approve the financial results for the quarter and half-year. The company’s net loss widened to ₹381.12 lakh from ₹324.91 lakh despite revenue increasing to ₹16,930.54 lakh. Elevated operating expenses continued to pressure profitability. No dividend has been declared. The board approved partial...