Mumbai, Sept. 3 -- JSW Cement officially announced today that its loss in the first quarter ofthe financial year 2026 (Q1 FY26) widened to Rs 1,356.17 crore, as against Rs 15.12 crore in Q1 FY25.
The company has attributed the loss to a one-off charge related to the conversion of Compulsorily Convertible Preference Shares (CCPS) into regular equity shares.
The company stated that on July 24, 2025, before its initial public offering, it converted 16 crore (160 million) CCPS, with a face value of Rs 100 each, into 23.57 crore (235.7 million) equityshares with a face value of Rs 10 each.
As a result, the CCPS liability of Rs 1,897.7 crore as of 31 March 2025 was revalued on 30 June 2025. This led to a non-cash value expense of Rs 1,466.4 cr...