Latest news about Shiva Cement
Shiva Cement Narrows Net Loss to 286.3M Rupees in Q4, Revenue Climbs to 1.21B Rupees
Shiva Cement
17.19
-0.07(-0.41%)
Company Performance:
View Company Insights1D-0.41%
1M+1.36%
6M-24.47%
1Y-46.48%
5Y-38.72%
More news about Shiva Cement
10Apr 26
Shiva Cement Limited Clarifies Significant Price Movement as Market Driven
Shiva Cement Limited responded to BSE's inquiry about significant price movement on April 10, 2026, clarifying that the fluctuation is purely market driven with no company-specific factors. The management stated it has no control or knowledge of specific reasons behind the price movement and reaffirmed its commitment to timely disclosures under SEBI Listing Regulations, 2015.
24Mar 26
Shiva Cement Limited Re-appoints Manoj Kumar Rustagi as CEO for Three-Year Term
Shiva Cement Limited has officially re-appointed Mr. Manoj Kumar Rustagi as Whole-time Director and CEO for a three-year term effective June 26, 2026, to June 25, 2029. The decision was approved by the board on March 23, 2026, following recommendations from the Nomination and Remuneration Committee, and remains subject to shareholder approval. Mr. Rustagi, who has been with the company since February 2017 and serves as Chief Sustainability Officer of holding company JSW Cement Limited, brings 30 years of experience across cement, steel manufacturing, and information technology sectors.
06Feb 26
JSW Cement Limited Increases Shareholding in Shiva Cement Limited to 66.23%
JSW Cement Limited has increased its shareholding in Shiva Cement Limited to 66.23% following the acquisition of 48,628 equity shares through open market purchase. The transaction, completed on February 4, 2026, represents 0.0165% of the total share capital and strengthens JSW Cement's position as a promoter entity in the Odisha-based cement manufacturer.
29Jan 26
Shiva Cement Limited Reports Q3 FY26 Results with Revenue Growth Despite Continued Losses
Shiva Cement Limited reported Q3 FY26 results with revenue growth of 118.5% to ₹12,603.68 lakhs but continued losses of ₹3,389.65 lakhs. Nine-month losses reached ₹9,690.14 lakhs with accumulated losses of ₹53,062.31 lakhs. The company relocated its registered office from Odisha to Mumbai and recorded exceptional items of ₹167.32 lakhs related to Labour Code implementation. Management remains optimistic about future performance improvements despite ongoing operational challenges.
03Jan 26
JSW Cement Acquires Additional 8,000 Shares in Shiva Cement Limited
JSW Cement Limited acquired 8,000 additional equity shares in Shiva Cement Limited through open market purchase on December 31, 2025, increasing its shareholding from 66.17% to 66.18%. The transaction represents 0.0027% of Shiva Cement's total share capital and was disclosed under SEBI's takeover regulations as JSW Cement belongs to the promoter group.
12Dec 25
Shiva Cement Receives Approval to Shift Registered Office from Odisha to Maharashtra
Shiva Cement Limited has received regulatory approval from the Regional Director to shift its registered office from Odisha to Maharashtra, completing a strategic relocation announced earlier. The company reported mixed Q1 financial results with significant 941% revenue growth to ₹1,006.00 crore but wider net losses of ₹303.00 crore, reflecting expansion challenges in the cement sector.
31Oct 25
Shiva Cement's Credit Rating Revised by Crisil, Reflecting Strong Financial Position
Shiva Cement Limited, a JSW Cement subsidiary, has received an upgraded credit rating from Crisil Ratings Limited. The company's long-term bank loan facilities totaling ₹648.76 crore have been revised to 'Crisil AA-/Stable', indicating a very strong degree of safety for timely debt servicing. The remaining ₹417.24 crore of bank loans maintained their 'Crisil A+/Stable' rating. This upgrade reflects positively on Shiva Cement's financial health and debt management capabilities.
27Oct 25
Shiva Cement Reports Reduced Net Loss and Revenue Growth in Q2 FY2026
Shiva Cement Limited, a JSW Cement subsidiary, reported mixed financial results for Q2 and H1 FY2026. The company's Q2 net loss narrowed to Rs 3,272.97 lakhs from Rs 3,360 lakhs year-over-year. Revenue increased to Rs 8,211 lakhs from Rs 5,053 lakhs. EBITDA turned positive at Rs 400 lakhs with a 4.89% margin. However, accumulated losses reached Rs 49,677.03 lakhs. Management remains optimistic about future performance improvements through enhanced plant operations and updated strategies.
04Sept 25
Shiva Cement: Bhushan Power & Steel's Grinding Facility Ready for Commissioning
Shiva Cement Limited announces that the 1.0 MTPA cement grinding unit set up by Bhushan Power & Steel Limited (BPSL) in Sambalpur, Odisha, is ready for commissioning. The facility is scheduled to commence commercial operations on September 4, 2025. This project is the result of a strategic partnership between Shiva Cement and BPSL, following a series of corporate actions and agreements initiated in July 2024. The commissioning of this facility marks a significant milestone in Shiva Cement's expansion plans and is expected to enhance its market position in the region.
28Apr 25
Shiva Cement Reports Widening Losses in Q4 FY2025 Amid Management Changes
Shiva Cement Limited, a JSW Group subsidiary, reported a substantial decline in Q4 FY2025 financial performance. Revenue dropped 26.42% to 106.34 crore rupees, EBITDA turned negative at -3.35 crore rupees, and net loss widened to 53.22 crore rupees. Annual performance also declined with increased net loss. The company announced management changes, with Mr. Ratan Kumar Das replacing Mr. Prasant Pradhan as Senior Managerial Personnel. Despite challenges, a recent rights issue improved the company's net worth, and management remains optimistic about future performance improvements.
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