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, ....
Awaiting price reaction for this filing.
Bheema Cements Limited reported its unaudited financial results for the quarter and nine months ended 31 December 2025. Revenue from operations was virtually zero at Rs. 0.96 lakhs for Q3, down from Rs. 6.52 lakhs in the previous quarter. Total expenses stood at Rs. 734.25 lakhs for the quarter and Rs. 2,206.05 lakhs for nine months, leading to a loss before tax of Rs. 734.25 lakhs (Q3) and Rs. 2,220.29 lakhs (9M FY26), narrowing slightly from Rs. 2,370.62 lakhs loss in 9M FY25. The statutory auditor (N G Rao & Associates) issued a Qualified Conclusion, flagging non-compliance with NCLAT orders on payments to Union Bank of India and JM Financial Asset Reconstruction Company, pending liquidation petitions, unrecovered revised repayment defaults, and unremitted TDS of Rs. 2.21 lakhs. The auditor explicitly stated these conditions create a material uncertainty about the company's ability to continue as a going concern. Additionally, the company has not paid annual listing fees and SEBI has suspended trading in its shares on BSE due to penal reasons.
Extremely negative for shareholders. The company has near-zero revenue, sustained heavy losses, is in default on NCLAT-mandated debt repayments with active liquidation petitions, faces a going concern doubt, and its stock trading has been suspended by SEBI. Investors face a very high risk of further value erosion or total loss.