Sri Chakra Cement Q1 FY27 Results: Net Loss Widens, Operations Suspended

Sri Chakra Cement Ltd has announced its un-audited financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹670.45 lacs for the quarter, a significant increase from the previous periods. Key concerns highlighted include the temporary suspension of manufacturing operations at the Karampudi Unit due to working capital constraints, a negative net worth, and current liabilities exceeding current assets. Additionally, the company received a demand notice under the Insolvency and Bankruptcy Code for ₹2.91 crores and its CFO resigned effective May 30, 2026, with the Managing Director taking additional charge. The auditors have issued a limited review report, noting these matters without modifying their opinion.