Hemadri Cements Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/06/2025 ,inter alia, to consider and approve the viability of operations ....
Awaiting price reaction for this filing.
Hemadri Cements has informed BSE that its Board of Directors will meet on 18 June 2025 to discuss two key matters: (1) whether the company's operations are still viable, and (2) a proposal for voluntary liquidation of the company under Section 59 of the Insolvency and Bankruptcy Code, 2016. The intimation has been made under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements. This is a preliminary notice — no final decision has been taken yet, and the Board will deliberate on the matter on the scheduled date. The company is registered in Andhra Pradesh with its factory at Vedari Village, Krishna District.
This is a strongly negative signal for shareholders — the Board is actively weighing whether to shut down and liquidate the company, which would likely lead to a sharp drop in the stock price and potentially wipe out shareholder value depending on the asset position. Investors should await the outcome of the 18 June meeting before making any decisions.