Newspaper Advertisement pertaining to E-Auction
Awaiting price reaction for this filing.
Hemadri Cements Ltd, which is currently in voluntary liquidation (since July 14, 2025), has announced an e-auction to sell its assets through newspaper advertisements published in Financial Express and Prajasakti. The assets on sale include 138.35 acres of land at Vedadri Village, NTR District, Andhra Pradesh, along with factory buildings, staff quarters, a mango garden, and plant & machinery of an 800 MT/day cement manufacturing unit. The reserve price is set at Rs. 42.67 crore with an earnest money deposit (EMD) of Rs. 4.27 crore and a minimum bid increment of Rs. 10 lakh. The last date for bid submission is January 20, 2026, and the auction is scheduled for January 23, 2026 at 2:30 PM via IBBI's e-auction platform.
This filing confirms the company is in the final stage of winding up, with assets being sold to recover value for creditors. Shareholders are unlikely to receive any meaningful payout as secured and unsecured creditors are typically prioritized in liquidation. The stock is essentially a distressed, non-operating entity.