Appointment of Cost Auditor and Internal Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shiva Cement's Board approved audited FY2026 results showing revenue of Rs 4,351.68 crore but a net loss of Rs 125.53 crore, improved from Rs 142.48 crore loss in FY2025. The company appointed Mr. Amresh Shrivastava (a Chartered Accountant with 19+ years experience) as Internal Auditor for FY 2026-27, and M/s Kishore Bhatia & Associates (a Mumbai-based firm with 30+ years expertise in cost audits) as Cost Auditor for the same period. The auditors issued an unmodified opinion. The company has accumulated losses of Rs 559.19 crore and auditors flagged a material uncertainty regarding the going concern assumption, though management believes improved operational performance and updated business strategies support continuity.
The stock faces ongoing losses but improved year-on-year; the going concern warning from auditors and accumulated losses exceeding paid-up capital (negative equity of Rs -2,195.44 lakh) signal financial stress. Appointment of auditors is routine and not alarming.