Outcome of Board Meeting held on 11.09.2025
Awaiting price reaction for this filing.
Hemadri Cements Limited, which is already in voluntary liquidation since July 14, 2025, reported that both its CEO and CFO have resigned. Mr. Sujay Sambamoorthy stepped down as Chief Executive Officer and Mr. Krishnamurthy Suryanarayanan stepped down as Chief Financial Officer, both with resignation letters dated September 2, 2025. Both cited personal reasons for leaving. The Board of Directors formally noted these resignations at its meeting held on September 11, 2025. No replacement appointments have been announced in this filing. The Board recorded appreciation for both outgoing executives.
With the company already in voluntary liquidation, the departure of both the CEO and CFO likely reflects the wind-down process nearing completion. Shareholders should monitor further updates on the liquidation timeline and any final distribution plans.