A part of the Rs 500-cr Bannari Amman group, based in Tamilnadu, Coimbatore, Shiva Texyarn Limited., formerly known as Annamallai Finance Limited (AFL) became a public limited Company in 1986. The name of the company changed to Shiva Textyarn Limited from Annamalai Finance Limited in October, 2002. Presently, it is engaged in the manufacturing of cotton yarn and technical textile products like coated and laminated fabrics, home textile and other value added products.
The company has around 40 windmills in Coimbatore, Tamilnadu. The power generated by the windmills is supplied exclusively to the Bannari Amman group companies Bannari Amman Spinning Mills and Shiva Textiles. The company floated a subsidiary -- Annamalai Properties, to enter the property development sector. It is engaged in property development in Coimbatore, Madras and Bangalore, and other places. AFL has a vast network of branches in prominent cities.
Another subsidiary of the company, Cream Investment & Trading Company, an NSE member dealing in debt and capital market instruments in Bombay, has been provided an on-line trading facility in Coimbatore.
During 2008-09, a project for manufacture of knitted fabric to produce about 1500 MT per annum of knitted fabric commenced operations near Palladam in Coimbatore since April, 2008. A project for manufacture of knitted Garments with about 200 sewing machines was set up near Palladam in Coimbatore. The capacity of the knitting division was increased by the ... addition of 22 knitting machines during 2010.
A Processing unit was commissioned at SIPCOT Perundurai for carrying out Dyeing/Printing operations during the year 2012-13. The Company also started supplying home textile products to M/s. Ikiya Distribution Services, a world renowned Company in the field of home textiles and furnishing materials during year 2015-16.
During 2016-17, the Scheme for Demerger of the business of Spinning Unit - 1 along with connected wind mills, in favour of Shiva Mills Limited, a wholly owned subsidiary of Company was made effective from 1st April 2015. As per the Scheme of Demerger, Shiva Mills Limited, allotted and issued to shareholders of the Company, 2 Equity shares of Rs.10/- each fully paid up for every 5 equity share of Rs.10/- each held by the shareholders and as a result of this, Company ceased to be the Holding Company of Shiva Mills Limited.
FAQs on Shiva Texyarn Ltd
1. Can I buy Shiva Texyarn Ltd from PL Capital? ›
Yes, you can invest in Shiva Texyarn Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Shiva Texyarn Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Shiva Texyarn Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Shiva Texyarn Ltd pay dividends? ›
Yes, Shiva Texyarn Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Shiva Texyarn Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Shiva Texyarn Ltd ? ›
As of
26-Feb-2026 , 10:55:32 the share price for Shiva Texyarn Ltd. is ₹ 163.68 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Shiva Texyarn Ltd ? ›
The 52-week high and low of Shiva Texyarn Ltd share price is ₹ 155.16 - ₹ 237.9 as of
26-Feb-2026 , 10:55:32 .
