Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company had at its meeting held on 10th February 2026, ....

Bheema Cements reported essentially zero revenue from operations for Q3 FY26 (Dec 2025), with total income of just Rs 0.96 lakh versus Rs 6.52 lakh in the same quarter last year. The company posted a quarterly loss of Rs 734.25 lakhs and a nine-month loss of Rs 2,220.29 lakhs, continuing a pattern of heavy losses (FY25 full-year loss was Rs 3,010 lakhs). The statutory auditor issued a qualified review report, flagging that the company has not complied with NCLAT orders to pay Union Bank of India and JM Financial ARC, leading to liquidation petitions (later withdrawn but revival possible). The auditor explicitly stated a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Additional red flags include non-remittance of TDS of Rs 2.21 lakhs and SEBI suspension of trading due to non-payment of annual listing fees.