Intimation of Resignation of Mr.Sujay Sambamoorthy as CEO of the company w.e.f 02.09.2025.
Awaiting price reaction for this filing.
Hemadri Cements Ltd has informed the BSE that its Chief Executive Officer, Mr. Sujay Sambamoorthy, resigned from the post effective 2 September 2025, citing personal reasons. He was relieved from all duties at the close of business on the same day and is not related to any directors on the board. Importantly, this development comes less than two months after the company entered voluntary liquidation on 14 July 2025, with liquidator S. Rajendran overseeing the winding-up process. No replacement CEO has been mentioned, and the resignation was disclosed under SEBI's Listing Obligations and Disclosure Requirements norms.
For shareholders, the CEO's exit is largely procedural since the company is already in voluntary liquidation and operations are being wound up. It is unlikely to have any material impact on the stock price, but it reinforces that the company is in its final stages of dissolution.