Shiva Cement Ltd — Others, 19-06-2025: AGM/EGM

Shiva Cement Limited has announced a board meeting on July 14, 2025, to discuss the financial results for the quarter and half-year. The company reported revenue of ₹311.17 Cr in FY 2024-25, down 10.28% YoY, with a loss after tax of ₹142.48 Cr compared to a loss of ₹68.32 Cr in the previous year. Operating EBITDA turned negative at ₹(-11.36) Cr from a positive ₹38.99 Cr last year. The clinker production stood at 9.03 lakh MT, a 6% decrease. The company completed a rights issue, raising ₹400 Cr, partially used for debt repayment. Despite losses, Shiva Cement is advancing its 1 MTPA grinding unit project and focusing on sustainability, with increased use of alternative fuels and waste heat recovery, aiming for long-term growth and improved operations through synergies with parent JSW Cement. The company maintains strong governance and risk management practices amid sector challenges.