Meeting Details

The 45th Annual General Meeting was held on Thursday, 27th August 2026 at 10:00 AM through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The deemed venue was the Registered Office at 52, East Bashyakaraalu Road, R S Puram, Coimbatore - 641 002.

Attendance

37 members representing 96,04,285 shares attended the meeting. Sri S V Alagappan, Chairman occupied the Chair. Sri A Dhananjayan (Chairman of Audit Committee and Nomination and Remuneration Committee) and Sri S V Alagappan (Chairman of Stakeholders Relationship Committee) were present to answer shareholder queries.

Meeting Proceedings

The meeting commenced at 10:00 AM with requisite quorum present. The Company Secretary announced:

  • The AGM was held through VC/OAVM as per MCA and SEBI circulars
  • Participation through electronic means was reckoned for quorum purposes
  • Proceedings were recorded and would be hosted on company website
  • Registers required under Companies Act, 2013 were available for e-inspection during AGM (requests to shares@shivatex.co.in)

Management Commentary

Sri S K Sundararaman, Managing Director (DIN: 00002691) briefed shareholders on:

  • Company's operations and prospects
  • Problems faced by textile industry including spiraling prices of cotton
  • Future prospects of the industry
  • Economic scenario and overall financial performance
  • Performance of various divisions
  • Effective measures taken by management to improve operational efficiency, performance, and cost control measures
  • Business outlook for the current financial year

Voting Process

The company provided remote e-voting facility through M/s. MUFG Intime India Private Limited during 24th-26th August 2026. Members who hadn't voted remotely could vote during the meeting up to 15 minutes after conclusion. Sri R Dhanasekaran, Practicing Company Secretary (CP NO. 7745) was appointed as Scrutinizer to oversee the voting process.

Resolutions Considered

The following resolutions were voted upon:

Ordinary Business:

1. Adoption of Audited Financial Statements (Standalone and Consolidated) and Reports of Board of Directors and Auditors

2. Declaration of dividend @ 60% on equity shares

3. Appointment of Smt. S Sujana Abirami (DIN: 06939773) as Director in place vacated by her

Special Business:

4. Alteration of the object clause of Memorandum of Association

5. Adoption of new set of Articles of Association as per Companies Act, 2013

6. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor

Meeting Conclusion

The meeting concluded at 10:53 AM with a vote of thanks by Sri C Krishna Kumar, Chief Financial Officer. The Scrutinizer's Report and polling results were to be placed on the company website within 2 days (by 29th August 2026) and disseminated on stock exchange websites.