Shiva Texyarn Limited announced that at the board of directors meeting held on August 31, 2017, the board approved the management changes. Sri S V Alagappan has resigned from the position of managing director of the company effective from August 31, 2017, in view of the demerger of the company. However, he continues as a director and non-executive chairman of the company, to concentrate on the business of resulting company, Shiva Mills Limited.

Smt. A. Lalitha has resigned from the position of director of the company effective from August 31, 2017, to concentrate on the business of resulting company, Shiva Mills Limited. Sri S K Sundararaman has been appointed as the managing director of the company effective from August 31, 2017.

Dr. S V Kandasami has been appointed as an additional director of the company effective from August 31, 2017. Smt Sujana Abirami has been appointed as a women director of the company effective from August 31, 2017. Sri R Srinivasan has been appointed as company secretary & compliance officer effective from August 31, 2017 in the place of Smt M Shyamala, who transferred to Shiva Mills Limited.

Sri Krishna Kumar has been appointed as chief financial officer of the company effective from August 31, 2017 in place of Sri S Seshadiri who was transferred to Shiva Mill Limited.