Shiva Mills Limited reported a net profit of ₹2.83 crore for the first quarter of fiscal year 2027 (Q1FY27), ending June 30, 2026, marking a significant turnaround from the net loss of ₹0.62 crore recorded in the corresponding period of the previous year. The Coimbatore-based textile manufacturer saw its revenue from operations rise 1.4% year-on-year to ₹38.10 crore, driven by stable demand and improved cost management. This performance underscores the company’s ability to navigate sectoral challenges while maintaining profitability in its core textile segment.

The Board of Directors approved the unaudited financial results at a meeting held on August 6, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, M/s. VKS Aiyer & Co., Chartered Accountants, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures were prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies Act, 2013.

Financial Performance Highlights

Revenue from operations stood at ₹38.09 crore in Q1FY27, compared to ₹37.56 crore in Q1FY26. Other income contributed ₹0.52 crore, bringing total income to ₹38.62 crore. Total expenditure decreased to ₹35.23 crore from ₹38.33 crore in the prior year quarter, primarily due to reduced finance costs and favorable inventory movements.

Basic and diluted earnings per share (EPS) stood at ₹3.27, compared to a loss per share of ₹0.72 in Q1FY26. The company’s paid-up equity share capital remained unchanged at ₹8.64 crore.

What the Numbers Show

A key driver behind the profit turnaround was the sharp decline in finance costs, which dropped to ₹0.20 lakh in Q1FY27 from ₹1.55 lakh in Q1FY26. Additionally, changes in inventories resulted in a positive impact of ₹22.70 lakh, contrasting with an adverse impact of ₹28.28 lakh in the previous year. While cost of materials consumed increased to ₹26.42 crore from ₹25.10 lakh, the overall efficiency gains in other expenditure categories allowed the company to achieve a positive profit before tax of ₹33.89 crore, compared to a pre-tax loss of ₹6.63 lakh in the prior year. The company operates primarily in the textile business segment, with no subsidiaries or joint ventures.

Shiva Mills Limited has scheduled its 11th Annual General Meeting (AGM) for Thursday, August 27, 2026, at 12:00 Noon (IST). The meeting will be conducted exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM), ensuring broader shareholder participation while adhering to regulatory guidelines under the Companies Act, 2013 and SEBI Listing Regulations. This virtual format allows eligible shareholders to attend and vote remotely without physical presence.

Remote e-voting will open on Monday, August 24, 2026, at 10:00 A.M. (IST) and close on Wednesday, August 26, 2026, at 5:00 P.M. (IST). Only shareholders holding shares as of the cut-off date, Thursday, August 20, 2026, are eligible to cast their votes. The company has appointed Mr R Dhanasekaran, a Practicing Company Secretary based in Coimbatore, as the Scrutinizer to oversee the voting process for fairness and transparency.

Key Dates and Timelines

Shareholders who have already voted via remote e-voting may attend the AGM through VC/OAVM but cannot vote again during the meeting. Those attending virtually without prior remote voting can exercise their voting rights live. Members present via VC/OAVM count toward the quorum requirement under Section 103 of the Companies Act, 2013.

Shareholder Instructions

The AGM Notice, explanatory statements, and the Annual Report for FY25 are available on the company’s website, www.shivamills.com , and the stock exchange portals. Shareholders with registered email addresses have received login credentials for e-voting from MUFG Intime India Private Limited (MUFG). Those without registered emails or holding physical shares must update their details with the Registrar and Transfer Agent, MUFG Intime India Private Limited, located in Coimbatore. Demat account holders should coordinate with their Depository Participants to register email addresses.

The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited on July 28, 2026. Shyamala Mahalingam, Company Secretary of Shiva Mills Limited, signed the communication. Investors are advised to verify their shareholding status by the August 20 cut-off date to ensure eligibility for voting.