
Quarterly Result12 Nov 2026, 09:31 pm
Sri Chakra Cement Declares Unaudited Q2 FY27 Results
AI Summary
Sri Chakra Cement Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company's manufacturing operations at Karampudi Unit were temporarily suspended from June 27, 2026, due to working capital constraints. The unaudited financials indicate a negative net worth and current liabilities exceeding current assets. The CFO position became vacant on May 30, 2026, with the Managing Director taking additional charge. Additionally, the company received a demand notice for ₹22.91 Crores under the Insolvency and Bankruptcy Code, 2016, from an operational creditor.
Key Highlights
- Unaudited financial results for Q2 FY27 declared.
- Manufacturing operations suspended due to working capital issues.
- Company reports negative net worth and negative working capital.
- Received demand notice for ₹22.91 Crores under IBC.
- CFO position vacant; MD holds additional charge.
Price Impact
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