This is to inform you that Board of Directors of Shiva Cement Limited in its meeting held on 29.01.2026, i.e., today , considered and approved the change in registered office address.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shiva Cement's Board, at its meeting on 29 January 2026, approved the unaudited financial results for Q3 FY26 (quarter ended 31 December 2025) and approved shifting the registered office from Kutra, Sundargarh (Odisha) to Jindal Mansion, Pedder Road, Mumbai. Revenue from operations more than doubled year-on-year to Rs. 12,608.58 lakhs (vs Rs. 5,768.94 lakhs in Q3 FY25), but the company still reported a net loss of Rs. 3,389.65 lakhs for the quarter. For the nine months ended December 2025, the loss stood at Rs. 9,690.14 lakhs with accumulated losses of Rs. 53,062.31 lakhs. The statutory auditor flagged a going-concern note, though management cited improving plant operations and business plans as the basis for continuing on a going-concern basis. An exceptional expense of Rs. 167.32 lakhs was booked due to the new Labour Codes implementation. EPS for the quarter stood at Rs. (1.15).
Strong revenue growth signals operational ramp-up, but persistent losses, high accumulated losses (~Rs. 530 crore), and the auditor's going-concern emphasis remain red flags for shareholders. The registered office shift to Mumbai (Jindal group headquarters) indicates closer alignment with the parent, which could bring strategic support but does not by itself improve near-term profitability.