Shiva Texyarn Ltd

Shiva Texyarn Ltd - Closure of Trading Window

Key details

• Transaction type: Inter-se transfer among promoters.
• Exemption: Regulation 10(1)(a)(ii) from open offer.
• Acquirer: promoter member; Transferor: Vedanayagam Hospital Private Ltd.
• Shares transferred: 150,000 equity shares; post-holding 1.55% (acquirer); 64.88% (transferor).
• Price paid: Rs. 159.5303 per share.
• Pre-transaction holdings: Acquirer 0.39%; Transferor 66.04%.
• Post-transaction holdings: Acquirer 1.55%; Transferor 64.88%.
• Public shareholding unaffected.
• Promoter group unchanged; ownership shifted within group.

Transaction summary

• Target Company Shiva Texyarn Limited.
• Disclosing Party Vedanayagam Hospital Private Limited, promoter group.
• Transaction Type: inter-se transfer among promoters; disposal of 150,000 equity shares.
• Pre-transaction holding: 85,60,466 shares (66.04%).
• Shares disposed: 150,000 (1.16%), equity shares; mode: inter-se promoter transfer.
• Post-transaction holding: 84,10,466 shares (64.88%).
• Date of transaction: 09.09.2026.
• Equity share capital before/after: 1,29,62,713 shares.

Acquisition details

• Target: Shiva Texyarn Limited; listed on BSE and NSE.
• Acquirer: S K Sundararaman; promoter.
• Other PACs: none reported.
• Mode: Inter-se transfer among promoters via stock exchange.
• Date: 09 September 2026.
• Pre-acquisition voting rights: 50,760 (0.39%).
• Post-acquisition voting rights: 200,760 (1.55%).
• Acquired shares: 150,000 (1.16%).
• Total equity shares: 12,962,713 before and after.
• Encumbrances/VRs: none reported.

Key transaction details

• Inter-se transfer of shares amongst promoters.
• Exemption under Regulation 10(1)(a)(ii) applied.
• Acquirer: promoter (individual); Transferor: promoter group company.
• Transfer: 1,50,000 shares; post-acquisition 1.55%.
• Consideration paid: Rs 159.5303 per share.
• Acquirer pre: 0.39% (50,760 shares); post: 1.55% (2,00,760 shares).
• Transferor pre: 66.04% (85,60,466 shares); post: 64.88% (84,10,466 shares).
• Public shareholding unchanged at 33.57%.
• Promoter group total remains 66.43%; redistribution within group.

Instruments Rated

• Long Term Bank Facilities: Rs 98.08 crore; CARE BBB+, Stable; upgraded from CARE BBB-.
• Long Term / Short Term Facilities: Rs 65 crore; CARE BBB+/Stable and CARE A2; upgraded from BBB- and A3+.
• Short Term Bank Facilities: Rs 39.5 crore; CARE A2; upgraded from CARE A3+.

Agency & Outlook

• Rating Agency: CARE Ratings Limited.
• Outlook: Stable.

Rationale / Changes

• Rationale not disclosed in the filing.

AGM Details

• Held 27 August 2026 at 10:00 AM via VC/OAVM.
• Voting cut-off date: 20 August 2026.

Key Resolutions

• Ordinary: approval of financial statements and directors’ report.
• Ordinary: dividend declaration on equity shares.
• Ordinary: re-appointment of director by rotation.
• Special: alteration of MOA object clause.
• Special: alteration and adoption of new AoA.
• Ordinary: ratification of remuneration payable to cost auditor.

Voting Results

• Resolution 1: Passed with overwhelming support.
• Resolution 2: Passed; dividend declaration approved.
• Resolution 3: Passed; director reappointment by rotation.
• Resolution 4: Passed; MOA object clause altered.
• Resolution 5: Passed; AoA adopted.
• Resolution 6: Passed; cost auditor remuneration ratified.

Dividend

• Dividend approved; per-share amount not disclosed.

Director Changes

• Director reappointed by rotation.

Auditor Appointments

• Cost auditor remuneration ratified for coming year.

Related Party / Other Approvals

• No material related party transactions disclosed.
• No other material approvals mentioned.