JSW Cement Limited has acquired an additional 8,000 equity shares in Shiva Cement Limited through open market purchase, as disclosed in a regulatory filing dated January 2, 2026. The acquisition was completed on December 31, 2025, and represents a marginal increase in the company's existing substantial shareholding.

Transaction Details

The acquisition involved the purchase of 8,000 equity shares, representing 0.0027% of the total share capital of Shiva Cement Limited. The transaction was executed through open market purchase on December 31, 2025.

Shareholding Pattern Changes

Following the acquisition, JSW Cement's shareholding in Shiva Cement Limited has increased marginally. The company's position as a substantial shareholder in the promoter/promoter group category remains unchanged.

Company Structure

Shiva Cement Limited maintains its equity share capital structure unchanged following this transaction. The company's shares are listed on BSE Limited under scrip code 532323.

Regulatory Compliance

The disclosure was made under Regulation 29(2) read with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. JSW Cement Limited, being part of the promoter/promoter group of Shiva Cement Limited, is required to make such disclosures for any changes in shareholding. The filing was signed by Sneha Bindra, Company Secretary of JSW Cement Limited, confirming the company's adherence to regulatory requirements for substantial shareholding disclosures.

Shiva Cement Limited, a subsidiary of JSW Group, has successfully obtained regulatory approval to shift its registered office from Odisha to Maharashtra, marking a significant milestone in its previously announced relocation plan. The company has also reported mixed financial results for the first quarter.

Regulatory Approval for Office Relocation

Shiva Cement Limited received an order dated December 1, 2025, from the Regional Director (East Region), Ministry of Corporate Affairs, Kolkata, approving the shifting of its registered office from the State of Odisha to the State of Maharashtra. The company received this approval order on December 12, 2025.

The approval allows the company to alter Clause II of its Memorandum of Association to effect the change from "The State of Orissa" to "The State of Maharashtra, within the jurisdiction of Registrar of Companies, Mumbai."

Financial Performance Overview

Shiva Cement reported a net loss of ₹303.00 crore in the first quarter, widening from a loss of ₹216.00 crore in the same period last year. Despite the increased loss, the company's revenue saw a substantial rise, jumping to ₹1,006.00 crore from ₹96.60 crore year-over-year, marking a significant 941% increase.

The stark contrast between the revenue growth and the widening loss suggests that while Shiva Cement has significantly expanded its operations or market share, it faces challenges in managing costs and achieving profitability.

Office Relocation Details

The approved relocation involves moving the registered office from Village Telighana, PO: Birangatoli, Tehsil-Kutra, District-Sundargarh, Odisha to Maharashtra. This strategic move to a major financial hub may signal the company's efforts toward operational efficiency and improved market positioning.

Corporate Governance and Compliance

The company's Board Meeting held on July 18 had approved the proposal for shifting the registered office, which was subject to various approvals including shareholders, Registrar of Companies, and the Regional Director. With the Regional Director's approval now secured, the company can proceed with the consequential alteration of its Memorandum of Association.

Company Secretary and Compliance Officer Ishika Sharma communicated the regulatory approval to BSE Limited, ensuring compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.