Shiva Texyarn Ltd., a part of the Rs 500-cr Bannari Amman group, is a public limited company engaged in the manufacturing of cotton yarn and technical textile products, such as coated fabrics and home textiles. Based in Tamilnadu, it operates around 40 windmills providing power to group affiliates and has diversified interests through its subsidiaries in property development and financial trading markets.
Key developments include the commencement of a knitted fabric manufacturing project in 2008 and a processing unit for dyeing/printing in 2012-13. In 2016-17, a demerger shifted its Spinning Unit - 1 and related assets to Shiva Mills Limited, reducing Shiva Texyarn's share capital. The company also supplies home textiles to international distributors. This strategic diversification and asset reallocation provide a solid foundation for potential traders evaluating its market position and growth prospects.
