Panyam Cements & Mineral Industries Limited has announced the reaffirmation of its credit ratings by Infomerics Valuation and Ratings Private Limited through a rating letter dated December 26, 2025. The company informed BSE Limited about this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Credit Rating Details

Infomerics has reaffirmed the company's credit ratings after reviewing its operational and financial performance. The rating agency considered the audited results for FY25 and unaudited results for H1FY26 during its assessment.

Rating Significance

The IVR BB-/Stable rating for long-term facilities indicates that securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations. The stable outlook reflects the rating agency's assessment of the company's current financial position.

The IVR A4 rating for short-term facilities suggests that these securities are considered to have minimal degree of safety regarding timely payment of financial obligations, carrying very high credit risk and susceptibility to default according to Infomerics' rating scale.

Validity and Compliance

The assigned ratings are valid for one year from December 25, 2026. The company has been advised to revalidate ratings if proposed facilities are not availed within specified timeframes - six months for long-term facilities and three months for short-term facilities.

Infomerics reserves the right to undertake surveillance and review of the ratings based on circumstances, with formal surveillance normally conducted within 12 months from the initial rating date. The company is required to provide monthly No Default Statements and quarterly performance results for ongoing monitoring.

Corporate Communication

The rating intimation has been disclosed on the company's website at www.panyamcements.in as part of regulatory compliance. Managing Director Jagathrakshakan Srinisha signed the communication to BSE Limited, confirming the receipt and disclosure of the rating letter from Infomerics.

Panyam Cements & Mineral Industries Limited has announced its unaudited financial results for the first quarter of FY26, revealing a net loss of ₹18.89 crores for the quarter ended June 30, 2025. The company's board of directors approved these results during their meeting held on December 27, 2025, conducted through video conferencing from 3:00 PM to 4:00 PM IST.

Financial Performance Overview

The company's financial performance for Q1FY26 shows significant operational challenges compared to the previous year. The following table presents the key financial metrics:

Board Meeting Outcomes and Regulatory Compliance

The board of directors, in their meeting held on December 27, 2025, transacted key business items including the consideration and approval of unaudited financial results as reviewed and recommended by the Audit Committee. The board also took note of the Limited Review Report on the unaudited financial results prepared by statutory auditors K S Rao & Co.

Operational Expenses Analysis

The company's expense structure reveals several notable trends during the quarter. Total expenses amounted to ₹21.60 crores compared to ₹50.04 crores in the corresponding previous quarter. Key expense components include:

The company experienced a positive change in inventories of ₹1.20 crores, indicating a reduction in finished goods and work-in-progress inventory levels.

Operational Updates and Factory Resumption

According to the company's disclosure, factory operations resumed from June 26, 2025, following routine plant maintenance activities. This operational restart occurred near the end of the quarter, which contributed to the significantly reduced revenue from operations. The company also made a payment of ₹22 lakhs to wage board employees during the quarter, classified under advances to employees.

Comprehensive Income and Regulatory Disclosures

Panyam Cements & Mineral Industries reported total comprehensive income loss of ₹18.88 crores for Q1FY26, which includes other comprehensive income of ₹0.66 lakhs from net gains on fair value through other comprehensive income equity securities. The financial results have been prepared in accordance with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013. The company will publish these results in newspapers as required under Regulation 47 of SEBI LODR Regulations, 2015, with Company Secretary Seshi Kumar Chiluka overseeing compliance requirements.