Shiva Cement Ltd

Key development

• Modified Environmental Clearance and Consent to Operate received for Khatkurbahal North block.

Resource details

• Dolomite block total resource 89.09 million tonnes, 48.27 million mineable.

Commercial impact

• Revenue from dolomite to commence; strengthens raw material security within JSW ecosystem.

Management comment

• CEO notes value unlock and new revenue stream from expanded scope.

FY26 operational update

• FY26: commissioned 1.0 MTPA cement grinding unit at Sambalpur via Bhushan Power and Steel.

Operational footprint

• Clinker facility near Odisha, Jharkhand and Chhattisgarh; expands JSW Group footprint.

Financial results

• Board approved unaudited standalone financial results for quarter ended 30 June 2026.
• Revenue from operations: 15,149.42 lakh; total income: 15,255.52 lakh for the quarter.
• Net loss for the quarter: 12,134.78 lakh; basic/diluted EPS: (0.72).
• Loss before tax: 12,645.73 lakh; total expenses: 17,901.25 lakh.
• Accumulated losses as of 30 June 2026 amount to 59,979.91 lakh.
• Going concern basis; projections rely on grinding unit and CTO-driven operations.
• Deferred tax assets reversed by 128.78 lakh; recognition aligned to projections.
• Exceptional items: Labour Code impact on employee benefits of 18.72 lakh.
• Segment: single reportable cement manufacturing segment.
• Quarter results prepared under Ind AS; reviewed by Audit Committee and Board.

Auditor report and going concern

• Independent auditors Shah Gupta & Co. concluded no material misstatement in results.
• Auditor note: going concern as per Note 5; opinion not qualified.
• Auditor report date: 27 July 2026.

Board actions and disclosures

• No dividends, buybacks, or capital-raising actions disclosed.
• Board meeting held on 27 July 2026 to approve results.
• Results to be available on the company website.

AGM Details

• AGM held 17 July 2026 at 3:00 PM via VC/OAVM; concluded 4:37 PM.
• Remote e-voting from 14 to 16 July 2026; Scrutinizer appointed.
• Chairman for AGM: Jagdish Toshniwal, NED.
• Total shareholders on record: 56,088.

Resolutions and outcomes

• Resolution 1: Adoption of Audited Financial Statements — passed; in-favour ~99.999% of votes polled.
• Resolution 2: Re-appointment of Shouvik Chakraborty — passed; in-favour ~99.997%.
• Resolution 3: Remuneration to Kishore Bhatia & Associates for FY2027 — passed; in-favour ~99.997%.
• Overall turnout ~66.36%; all resolutions passed with strong in-favour margins.

Director changes

• Shouvik Chakraborty appointed for re-appointment as director (retiring by rotation).

Dematerialisation status

• Details of dematerialised/rematerialised securities during the period have been furnished to all stock exchanges where listed.