Shivagrico Implements Approves Q1 Results, Appoints New Director, and Reports Financial Indebtedness

Shivagrico Implements , a manufacturer of rolled sections, forgings, hand tools, and agri implements, has made several key announcements following its board meeting held on August 12, 2025. The company approved its unaudited financial results for the quarter ended June 30, 2025, appointed a new director, and disclosed its financial indebtedness.

Board Approves Q1 Results

The board of directors of Shivagrico Implements approved the unaudited financial results for the quarter ended June 30, 2025. These results were prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under section 133 of the Companies Act, 2013. The company has submitted these results to the BSE Limited, where its shares are listed.

Appointment of New Director

The company has appointed Mr. Vinit Ranawat as an Additional Director, designated as Non-Executive Non-Independent Director. This appointment, effective from August 12, 2025, was based on recommendations from the Nomination and Remuneration Committee.

Mr. Ranawat brings a wealth of experience to the board:

• MBA in Business Administration from the University of San Francisco, USA
• Over 20 years of experience in business and management
• Expertise in financial analysis, project management, strategic planning, and risk management

Mr. Ranawat is the nephew of Mr. Vimalchand Jain, the Managing Director, and the cousin of Mr. Hemant Ranawat, who serves as Executive Director and Chief Financial Officer.

Financial Indebtedness

Shivagrico Implements also reported on its financial indebtedness:

The company reported no defaults on its outstanding loans.

Conclusion

These developments at Shivagrico Implements, including the approval of quarterly results, the appointment of a new director with extensive business experience, and the disclosure of its financial position, demonstrate the company's commitment to transparency and corporate governance.