Shiva Mills logo

Shiva Mills MD, chairman, board of directors and AGM

NSE: SHIVAMILLSBSE: 540961Textiles & ApparelsSmall Cap

Last close ₹56.00down ₹3.32 (5.60%)BSE ₹53.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹59.32.

52-week range of traded prices to 23 Oct 2026
₹43.01Low, 30 Mar 2026₹70.00High, 11 May 2026
Market cap
₹48 Cr3,425th largest listed
P/E
14.4
P/B
0.5
Dividend yield
Nonein the last 12 months
ROE
3.6%
ROCE
2.4%
Debt to equity
0.00
Volume, NSE
64395.5% delivered

Shiva Mills board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorSANGAMPALAYAM VEDANAYAGAM ALAGAPPAN
  • Company SecretaryM SHYAMALA

7 directors4 independent2 executive1 non-executive

  • SANGAMPALAYAM VEDANAYAGAM ALAGAPPAN · Chairperson and managing directorExecutive · joined Nov 2015 · reappointed Aug 2022 · 2 listed boards · 1 committee seat, 1 as chair
  • SANGAMPALAYAM KANDASAMI SUNDARARAMANNon-executive · joined Nov 2015 · reappointed Aug 2025 · 5 listed boards · 2 as independent · 7 committee seats, 4 as chair
  • SIVAKUMAR LALITHAExecutive · joined Aug 2017 · reappointed Aug 2022 · 1 listed board · 1 committee seat
  • SENNIMALAI GOUNDER PALANISWAMIIndependent · joined Aug 2017 · reappointed Aug 2022 · 106 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • CHELLAMUTHU SIVASAMYIndependent · joined Aug 2017 · reappointed Aug 2022 · 106 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • MYLSWAMY GANESHKUMARIndependent · joined Jun 2023 · reappointed Jun 2023 · 36 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • KARUPPUSAMY MANIKANDANIndependent · joined Jun 2024 · reappointed Jun 2024 · 24 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • SENNIMALAIGOUNDER MARUSAMY, left 14 Oct 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 27 May 20266 of 7 present3 independent · 110 days in between
    • 5 Feb 20267 of 7 present4 independent

  • Audit Committee

    Chair SENNIMALAI GOUNDER PALANISWAMI

    SANGAMPALAYAM KANDASAMI SUNDARARAMAN, CHELLAMUTHU SIVASAMY, MYLSWAMY GANESHKUMAR

    • 27 May 20263 of 4 present2 independent · 110 days in between
    • 5 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair SENNIMALAI GOUNDER PALANISWAMI

    SANGAMPALAYAM KANDASAMI SUNDARARAMAN, CHELLAMUTHU SIVASAMY

    • 25 May 20263 of 3 present2 independent · 54 days in between
    • 31 Mar 20263 of 3 present2 independent · 4 days in between
    • 26 Mar 20263 of 3 present2 independent · 51 days in between
    • 2 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair SANGAMPALAYAM KANDASAMI SUNDARARAMAN

    SIVAKUMAR LALITHA, CHELLAMUTHU SIVASAMY

    • 20 May 20263 of 3 present1 independent · 106 days in between
    • 2 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair SANGAMPALAYAM VEDANAYAGAM ALAGAPPAN

    SIVAKUMAR LALITHA, SENNIMALAI GOUNDER PALANISWAMI

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • VKS AIYER & COPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Shiva Mills AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Shiva Mills dividend history

Annual general meeting, 27 Aug 2026

7,967 shareholders on the register on 20 Aug 2026; present: 4 promoters and 36 others; votes counted by R DHANASEKARAN / R DHANASEKARAN Company Secretary in Practice.The company's voting result (opens in a new tab)

  1. Approval of Financial Statements for the year ended 31st March, 2026, the Report of the Board of Directors and the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.34% · promoters 100.00% · institutions 98.44% · other public 0.35%

  2. Appointment of Director in the place of Smt A Lalitha, (DIN 00003688) who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.34% · promoters 100.00% · institutions 98.44% · other public 0.35%

  3. Appointment of M/s CSR & Co Chartered Accountants, Coimbatore (ICAI Firm Registration No.014424S), as the Statutory Auditors of the Company to hold office for a term of five consecutive years, from the conclusion of the 11th Annual General Meeting until the conclusion of the 16th Annual General Meeting of the CompanyMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.34% · promoters 100.00% · institutions 98.44% · other public 0.35%

  4. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) for the year ending 31st March 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.34% · promoters 100.00% · institutions 98.44% · other public 0.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Aug 2025, 6 resolutions

8,547 shareholders on the register on 14 Aug 2025; present: 3 promoters and 39 others; votes counted by R DHANASEKARAN / R DHANASEKARAN Company Secretary in Practice.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.24%

    Turnout: all 75.28% · promoters 100.00% · institutions 98.44% · other public 0.10%

  2. Appointment of Sri S K Sundararaman, (DIN 00002691), Director who retries by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.24%

    Turnout: all 75.28% · promoters 100.00% · institutions 98.44% · other public 0.10%

  3. Approval for modification of Remuneration payable to Sri S V Alagappan, Managing Director (DIN 00002450)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.24%

    Turnout: all 75.03% · promoters 99.66% · institutions 98.44% · other public 0.10%

  4. Approval for modification of Remuneration payable to Smt A Lalitha, Joint Managing Director (DIN 00003688)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.24%

    Turnout: all 72.81% · promoters 96.70% · institutions 98.44% · other public 0.10%

  5. Appointment of Sri R Dhanasekaran, Company Secretary in Practice as Secretarial Auditor for a term of 5 consecutive years from 1.4.2025 to 31.3.2030
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.24%

    Turnout: all 75.28% · promoters 100.00% · institutions 98.44% · other public 0.10%

  6. Ratification of remuneration payble to Sri M Nagarajan, Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.24%

    Turnout: all 75.28% · promoters 100.00% · institutions 98.44% · other public 0.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Aug 2024, 4 resolutions

Present: 4 promoters and 51 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.41% · promoters 100.00% · institutions 98.38% · other public 0.54%

  2. Appointment of Sri S V Alagappan (DIN 0002450), Director in the place vacated by him
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.41% · promoters 100.00% · institutions 98.38% · other public 0.54%

  3. Appointment of Sri K Manikandan (DIN 10674837) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.41% · promoters 100.00% · institutions 98.38% · other public 0.54%

  4. Ratification of remuneration payble to Sri M Nagarajan, Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 75.41% · promoters 100.00% · institutions 98.38% · other public 0.54%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Sep 2023, 4 resolutions

Present: 4 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 75.42% · promoters 100.00% · institutions 98.47% · other public 0.50%

  2. Appointment of Smt A Lalitha, Director in the place vacated by her
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.42% · promoters 100.00% · institutions 98.47% · other public 0.50%

  3. Appointment of Sri M Ganeshkumar (DIN 10175966) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.42% · promoters 100.00% · institutions 98.47% · other public 0.50%

  4. Ratification of remuneration payble to Sri M Nagarajan, Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.42% · promoters 100.00% · institutions 98.47% · other public 0.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Aug 2022, 10 resolutions

Present: 4 promoters and 44 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.44% · promoters 100.00% · institutions 98.26% · other public 0.38%

  2. Declaration of Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.44% · promoters 100.00% · institutions 98.26% · other public 0.38%

  3. Appointment of Sri S K Sundararaman, as Director in the place vacated by him
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.44% · promoters 100.00% · institutions 98.26% · other public 0.38%

  4. Re-Appointment and payment of Remuneration to Sri S V Alagappan, Managing Director (DIN 00002450)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.19% · promoters 99.66% · institutions 98.26% · other public 0.38%

  5. Re-appointment and payment of Remuneration to Smt A Lalitha, Joint Managing Director (DIN 00003688)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.97% · promoters 96.70% · institutions 98.26% · other public 0.38%

  6. Re-Appointment of Sri K N V Ramani, as an Independent Director (DIN 00007931)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.44% · promoters 100.00% · institutions 98.26% · other public 0.38%

  7. Re-Appointment of Sri S Palaniswami, as an Independent Director(DIN 00007901)
    SpecialPromoters have an interest in it
    99.45% for0.55% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 75.44% · promoters 100.00% · institutions 98.26% · other public 0.38%

  8. Re-Appointment of Sri S Marusamy, as an Independent Director (DIN 00610091)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.44% · promoters 100.00% · institutions 98.26% · other public 0.38%

  9. Re-Appointment of Sri C Sivasamy, as an Independent Director (DIN 00002921)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.44% · promoters 100.00% · institutions 98.26% · other public 0.38%

  10. Ratification of Remuneration Payable to Sri M Nagarajan, Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.44% · promoters 100.00% · institutions 98.26% · other public 0.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Sep 2021, 7 resolutions

Present: 8 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Approval of Financial Statement for the year ended 31st March, 2021, the Report of the Board of Directors and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.03%

    Turnout: all 74.90% · promoters 99.88% · institutions 0.00% · other public 0.20%

  2. Declaration of dividend on equity shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.03%

    Turnout: all 74.90% · promoters 99.88% · institutions 0.00% · other public 0.20%

  3. Appointment of Director in the place of Sri S V Alagappan, (DIN 00002450) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.03%

    Turnout: all 74.90% · promoters 99.88% · institutions 0.00% · other public 0.20%

  4. Re-appointment of Auditors of the Company for a further term of 5 years to Audit the Accounts of the Company from the Financial Year 01.04.2021 to 31.03.2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.03%

    Turnout: all 74.90% · promoters 99.88% · institutions 0.00% · other public 0.20%

  5. Approval for modification of remuneration payable to Sri S V Alagappan, Managing Director (DIN 00002450)
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.97%

    Turnout: all 74.65% · promoters 99.55% · institutions 0.00% · other public 0.20%

  6. Approval for modification of remuneration payable to Smt A Lalitha, Joint Managing Director (DIN 00003688) of the Company.
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.97%

    Turnout: all 74.89% · promoters 99.87% · institutions 0.00% · other public 0.20%

  7. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) for the year ending 31st March, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.03%

    Turnout: all 74.90% · promoters 99.88% · institutions 0.00% · other public 0.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2020, 4 resolutions

Present: 9 promoters and 68 others.The company's voting result (opens in a new tab)

  1. Aproval of Financial Statement for the year ended 31st March, 2020, the Report of the Board of Directors and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 76.31% · promoters 100.00% · institutions 0.00% · other public 5.49%

  2. Appointment of Director in the place of Smt A Lalitha, (DIN 00003688) who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 76.31% · promoters 100.00% · institutions 0.00% · other public 5.49%

  3. Approval for continuation of present term of Directorship of Sri S Marusamy (DIN 00610091) who has attained the age of 75 years, in terms of Regulation 17 (1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 76.31% · promoters 100.00% · institutions 0.00% · other public 5.49%

  4. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) for the year ending 31st March, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 76.31% · promoters 100.00% · institutions 0.00% · other public 5.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Aug 2019, 4 resolutions

Present: 9 promoters and 208 others.The company's voting result (opens in a new tab)

  1. Approval of Financial Statement for the year ended 31st March, 2019, the Report of the Board of Directors and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.95%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  2. Declaration of Dividend on Equity Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.96%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  3. Appointment of Director in the place of Sri K Sundararaman, (DIN 00002691) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.95%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

  4. Ratification of remuneration payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) for the year ending 31st March, 2019.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.95%

    Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.