Shiva Cement Ltd — Updates, 29-04-2025: Company Update

Shiva Cement Limited's Monitoring Agency Report for the quarter ending March 31, 2025, confirms that the proceeds from a Rs. 400 crore Rights Issue have been utilized as intended, with no deviations reported. The company used Rs. 30.43 crore for general corporate purposes during the quarter, including unutilized surplus costs from issue-related expenses. All expenditures align with the objectives outlined in the offer document. The report, issued by CARE Ratings, highlights financial compliance, reflecting stability and transparent financial governance, positive for shareholders concerned about the efficient use of capital.