SHIVA CEMENT Q2 : STANDALONE NET LOSS NARROWS 30.2% AT ₹22.85 CR (YOY), WIDENS 7.0% (QOQ). MIX (On 1st Look)

Revenue up 37.3% at ₹112.70 Cr (YOY), down 25.6% (QOQ). Loss before exceptional items ₹28.44 Cr v ₹36.50 Cr (YOY); finance costs ₹35.33 Cr v ₹31.43 Cr (YOY). Caution: auditors flag material uncertainty on going concern; accumulated losses at ₹602.50 Cr as of Sep 30, 2026. Board approved scheme of amalgamation with JSW Cement on Sep 29, 2026, subject to statutory and regulatory approvals.

Shiva Cement Ltd

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