BSECompany Update10h ago · 29 Oct 2026, 01:17 pm
Please find attached the Credit Rating in pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shiva Cement Ltd · 532323
✦ AI SummaryRating Change
Shiva Cement Ltd has announced that Crisil Ratings Limited has reaffirmed its credit ratings, with long-term ratings of Crisil A+/Stable for certain facilities and Crisil AA- (CE) /Stable for bank loans.
Analysis Scores
Earnings Impact2/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
Shiva Cement Ltd - 532323 - Announcement under Regulation 30 (LODR)-Credit Rating
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A SUBSIDIARY OF
Date: October 29, 2026
BSE Limited,
Corporate Relationship Department,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai-400001, Maharashtra
Scrip Code – 532323
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015
–Credit Rating of the Company.
Dear Sir/ Madam,
Pursuant to Regulation 30, read with Schedule III of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing
Regulations”), we wish to inform you that Crisil Ratings Limited (“Crisil”) have
Reaffirmed the following credit ratings:
Facilities/ Amount (₹ in Rating Remarks/
Rating
Instrument Crore) type Rating action
201.5 Long term Crisil A+/Stable Reaffirmation
215.12 Long term Crisil A+/Stable Reaffirmation
75.00 Long term Crisil A+/Stable Reaffirmation
Bank Loan:
177.56 Long term Crisil AA- (CE) /Stable Reaffirmation
188.69 Long term Crisil AA- (CE) /Stable Reaffirmation
208.13 Long term Crisil AA- (CE) /Stable Reaffirmation
A copy of the Published Rating Rationale is available on the Crisil website at the following
link:
https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/ShivaCementL
imited_October%2028_%202026_RR_407542.html
The copy of the above disclosure is also available on the website of the Company at
https://shivacement.com/ .
This is for your information and records.
Thanking you,
Yours Faithfully,
For Shiva Cement Limited
Ishika Sharma
Company Secretary and Compliance Officer
A70573
SHIVA CEMENT LIMITED
CIN L26942OR1985PLC001557
Registered Office address- Village Telighana, PO: Birangatoli, Tehsil-Kutra, District-
Sundargarh, Odisha- 770018.
E-mail-id: corporate@shivacement.com | Phone (Off.): 0661-2461300| Website: www.shivacement.com