Annual Secretarial Compliance March 2026
Awaiting price reaction for this filing.
Hemadri Cements Limited has submitted its Annual Secretarial Compliance Report for FY ended March 2026. The company is undergoing Voluntary Liquidation under Section 59 of IBC 2016 effective 14th July 2025. The secretarial audit identified four non-compliances: (1) only 3,23,533 of 44,22,793 promoter shares are dematerialized, violating Regulation 38; (2) company website is not fully updated as required under Regulation 46; (3) Board had insufficient Independent Directors violating Regulation 17(1), for which BSE imposed a fine of Rs. 2,95,000 (paid); (4) non-compliance with Stakeholder Relationship Committee requirements under Regulation 20(2)/(2A), fined Rs. 1,06,000 (paid). The company confirmed that due to liquidation, statutory powers rest with the Liquidator, and IBC provisions prevail over SEBI LODR for related party transactions.
This filing reflects ongoing compliance issues in a company already in voluntary liquidation. Fines have been paid, but the stock remains suspended and investors should note the company is not operational. The dematerialization gap and governance issues are secondary concerns given the liquidation status.