Newspaper Publication of Financial Results for the quarter and year ended 31st March 2026
Awaiting price reaction for this filing.
Hemadri Cements Limited, which is in voluntary liquidation since 14 July 2025, has published its audited financial results for the year ended 31 March 2026. The company reported revenue from operations of Rs. 794.62 lakhs and other income of Rs. 896.46 lakhs. Since the company has suspended its manufacturing operations and sold its land, building and manufacturing facilities, the financial statements have been prepared on a liquidation basis instead of a going concern basis. An e-auction was conducted on 23 January 2026, realising Rs. 4,277.00 lakhs from the sale of 138.25 acres of land along with factory building, staff quarters, plant and machinery. The transfer of title deeds is currently in progress, and the liquidator has made payment distributions to creditors. Distribution to equity shareholders is under process. The equity shares were suspended from BSE trading from 24 November 2025.
For shareholders, this marks the final phase of the company's wind-down. The e-auction has realised substantial proceeds, and distribution to equity shareholders is underway, though the final amount per share will depend on total admitted claims and remaining proceeds after creditor payments.