Distribution of proceeds to the stakeholders of the Company
Awaiting price reaction for this filing.
Hemadri Cements Limited, which has been in voluntary liquidation since July 14, 2025, is distributing the proceeds from the sale of part of its assets (auctioned on January 23, 2026) to its stakeholders. The record date for eligible shareholders is February 23, 2026. The distribution will be made at face value through electronic transfer directly to shareholders' registered bank accounts. The liquidator, S. Rajendran, has advised shareholders to update their bank and contact details with their depositories or the company's RTA (Cameo Corporate Services) before the record date.
Shareholders recorded as on February 23, 2026 will receive a payout at face value from the asset sale proceeds, which is likely a small amount. This marks another step toward the company's wind-up, meaning the stock is effectively in its final stages of being delisted and shareholders should not expect any future business growth or dividends from Hemadri Cements.