Shiva Texyarn Limited, a prominent player in India’s textile industry, held its 44th Annual General Meeting (AGM) on 21st August 2025, at which key corporate decisions were taken to strengthen the company’s management and governance. The shareholders approved two major resolutions, reflecting strategic continuity and compliance with regulatory standards under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reappointment of Managing Director
The AGM approved the reappointment of Sri S K Sundararaman (DIN: 00002691) as the Managing Director and Key Managerial Personnel of the company for a term of three years, effective 31st August 2025 until 30th August 2028, through a special resolution. Sundararaman brings over two decades of experience in the textile sector and holds an MBA from Cambridge University, UK. He is renowned for his innovative approach in developing technical textile products and has consistently contributed to the growth and modernization of the company. Sundararaman is related to Dr. S V Kandasami and Smt. S Sujana Abirami, also directors of the company, as their son and spouse, respectively. He is not debarred from holding the office of director by any authority, ensuring full compliance with SEBI regulations.

Appointment of Secretarial Auditor
The AGM also approved the appointment of Mr. R Dhanasekaran, a Fellow member of the Institute of Company Secretaries of India (ICSI), as the Secretarial Auditor of the company for a period of five consecutive years, effective from 1st April 2025 to 31st March 2030, through an ordinary resolution. Mr. Dhanasekaran holds a Master’s Degree in Commerce and has over 18 years of experience in Company Law, Securities Law, and allied areas. He has been practicing as a Company Secretary since 2007 and holds a valid peer review certificate from ICSI.

These appointments underscore Shiva Texyarn’s focus on corporate governance, regulatory compliance, and strategic leadership. The reappointment of Sundararaman ensures continuity in leadership for operational and growth initiatives, while the appointment of Dhanasekaran as secretarial auditor strengthens oversight of statutory and regulatory matters.

Shiva Texyarn continues to maintain transparency and adherence to SEBI regulations by promptly informing stock exchanges, including the National Stock Exchange (NSE) and BSE Limited, of its key corporate developments. These steps align with the company’s vision to maintain robust governance practices, enhance shareholder confidence, and drive sustainable growth in the competitive textile industry.

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