Shiva Cement reported audited standalone net loss of ₹12,553.25 lakh for FY26 with accumulated losses reaching ₹55,918.60 lakh.
Board approved appointment of Mr. Amresh Shrivastava as Internal Auditor and M/s Kishore Bhatia & Associates as Cost Auditor for FY27.
Implementation of new Labour Codes resulted in exceptional expense of ₹186.04 lakh for increased employee benefit provisions.
Auditors issued unmodified opinion but highlighted material uncertainty regarding company's going concern status due to persistent losses.