Pursuant to Regulation 30 of the SEBI (LODR) Regulation, 2015 please find enclosed the Postal Ballot Notice.
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Shiva Cement Limited, a subsidiary of JSW Cement Limited, has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting. The notice includes five resolutions: (1) re-appointment of Mr. Manoj Kumar Rustagi as Whole-time Director and CEO for three years from June 26, 2026 at a token remuneration of Re. 1 per month (he is deputed from JSW Cement); (2-5) approval for material related party transactions with JSW Cement Limited, JSW JFE Steel Limited, Bhushan Steel and Power Limited, and JSW International Tradecorp PTE Limited for FY 2026-27. The company is currently loss-making due to pressure on cement and clinker realisations, though commercial production at its Jharsuguda grinding unit commenced in September 2025 and is in stabilization phase. Voting period runs from May 15, 2026 to June 13, 2026.
The related party transactions with multiple JSW group entities indicate continued关联交易 exposure. The re-appointment of the CEO provides management continuity, while the new grinding unit represents a capacity expansion that the company expects to drive profitability improvements.