Pursuant to Regulation 30 and 44(3) of SEBI LODR Regulation, 2015 attached herewith the Outcome of the Postal Ballot dated 29th August 2025 of Shiva Cement Limited
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Shiva Cement Limited concluded a postal ballot on September 28, 2025, with all three resolutions passed by the requisite majority. The special resolution to shift the registered office from Odisha to Maharashtra (with consequential MoA amendment) was approved with 91.27% votes in favour (9,55,848 out of 10,47,298 polled). An ordinary resolution for material modification of a corporate guarantee from parent JSW Cement Limited for a term loan facility passed with 94.38% in favour. A second ordinary resolution for material modification of a material related party transaction with JSW Cement Limited also passed with 94.57% in favour. Promoters, being interested parties in resolutions 2 and 3, abstained from voting as required under SEBI's related party rules. Voting was conducted solely through remote e-voting, with public participation limited to roughly 1% of outstanding shares across all three items.
The office relocation to Maharashtra signals closer administrative integration with parent JSW Cement, likely reducing compliance and coordination costs. The strong shareholder approval of JSW Cement-backed corporate guarantee and related party transaction changes indicates continued confidence in the parent's support structure, though very low retail voting turnout (around 1%) means the results essentially reflect institutional and select public shareholder sentiment rather than broad-based investor engagement.