Approval of Voluntary Liquidation of the company under Insolvency and Bankruptcy Code 2016 and Appointment of Mr.Rajendran Shanmugam, Insolvency Professional to act as a liquidator to carry ....
Awaiting price reaction for this filing.
Hemadri Cements Limited has begun voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code (IBC), 2016, following approval at its 43rd Annual General Meeting. The liquidation commencement date is 14th July 2025. Mr. S. Rajendran, a registered Insolvency Professional, has been appointed as the Liquidator. A public announcement was published on 19th July 2025 in Financial Express, Hindu Tamil, and Andhra Jyothi, asking all stakeholders to submit their claims by 13th August 2025. The company, incorporated in 1981 and based in Andhra Pradesh, is now in the process of winding up its operations and settling obligations with creditors and stakeholders.
This effectively marks the end of Hemadri Cements Limited as a going concern. Shareholders are likely to see little to no value recovery, and the stock (BSE Scrip 502133) is expected to face trading difficulties or eventual delisting as liquidation progresses. Creditors will need to file claims to recover outstanding dues.