Shiva Mills Limited narrowed its net loss to ₹8.95 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹381.12 lakh in the previous year, as per its audited financial results. Revenue from operations declined to ₹13,913.67 lakh in FY26 from ₹16,930.54 lakh in FY25. The company’s Board of Directors approved the results at a meeting held on May 27, 2026.

The statutory auditors, M/s. VKS Aiyer & Co, issued an unmodified opinion on the audited financial results. For the quarter ended March 31, 2026, the company reported a net profit of ₹140.62 lakh, a turnaround from the net loss of ₹76.83 lakh in the corresponding quarter of the previous year. Total income for the quarter rose to ₹3,736.18 lakh from ₹3,465.15 lakh in the preceding quarter ended December 31, 2025.

Financial Performance

The company’s expenditure for FY26 totalled ₹14,081.88 lakh, lower than the ₹17,509.76 lakh recorded in FY25. Finance costs decreased significantly to ₹39.53 lakh from ₹122.77 lakh in the prior year. Earnings per share (EPS) for the year improved to a loss of ₹0.10 from a loss of ₹4.41 in FY25. The Board of Directors did not recommend any dividend for the financial year.

Auditor and Committee Appointments

The Board approved the appointment of Sri M Nagarajan as Cost Auditor and M/s B M & Associates as Internal Auditors for the financial year 2026-2027. Additionally, the Board proposed the appointment of M/s CSR & Co., Chartered Accountants, as Statutory Auditors for a term of five years from April 1, 2026, to March 31, 2031. This appointment is subject to the approval of shareholders at the ensuing 11th Annual General Meeting, succeeding the current auditors M/s VKS Aiyer & Co.

The Audit Committee reviewed the audited financial results on May 27, 2026. The company noted that it operates only one business segment, Textile Business, and therefore segment-wise reporting is not applicable.

Annamallai Retreading Company (P) Ltd, a promoter of Shiva Mills , has submitted a declaration to the National Stock Exchange of India Limited and BSE Limited confirming that no encumbrance has been created on its shareholding during the financial year. The disclosure was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Annamallai Retreading Company (P) Ltd holds a total of 62,36,976 equity shares in the company. This stake constitutes 72.17% of the total shareholding of Shiva Mills Limited. The declaration explicitly states that no encumbrance has been made on these shares, either directly or indirectly, by the promoter during the specified period.

Shareholding Details

The declaration provides specific details regarding the promoter's holding in the textile manufacturer. The shares are held directly by the promoter, and the confirmation covers the entire financial year.

The communication was addressed to the stock exchanges to ensure compliance with regulatory requirements. A copy of the declaration was also forwarded to the company's registered office located in Coimbatore.