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 Cement, has announced a revision in its credit ratings as assessed by Crisil Ratings Limited. This update marks a significant development in the company's financial standing and creditworthiness.

Credit Rating Details

Crisil has reviewed and revised the ratings for Shiva Cement's long-term bank loan facilities. The details of the revision are as follows:

Implications of the Rating Action

The revision of ratings to 'Crisil AA-/Stable' for a significant portion of the company's bank loan facilities indicates a very strong degree of safety regarding timely servicing of financial obligations. This rating suggests that Shiva Cement has a low credit risk profile.

The reaffirmation of 'Crisil A+/Stable' for other facilities further underscores the company's strong capacity to meet its financial commitments.

Transparency and Compliance

In line with regulatory requirements, Shiva Cement has promptly disclosed this information to the stock exchanges. The company has also made the detailed rating rationale available on its official website, demonstrating its commitment to transparency with investors and stakeholders.

Conclusion

This credit rating revision reflects positively on Shiva Cement's financial health and its ability to manage its debt obligations effectively. It may potentially enhance the company's standing in the financial markets and could have implications for its future borrowing capabilities and terms.

Investors and stakeholders are encouraged to review the full rating rationale available on Crisil's website for a comprehensive understanding of the factors contributing to this rating action.