Outcome Of Board Meeting Held On 13.02.2026
Awaiting price reaction for this filing.
The board approved unaudited financial results for the quarter and nine months ended 31 December 2025. Revenue from operations is NIL for both Q3 and 9M FY26, compared with Rs. 794.62 lakhs in 9M FY25, because the company is under voluntary liquidation since 14 July 2025 and has ceased operations. Other income of Rs. 67.49 lakhs and lower expenses brought the 9M net loss down to Rs. (778.96) lakhs versus Rs. (1,637.27) lakhs a year earlier; Q3 standalone net loss was Rs. (310.92) lakhs with EPS of Rs. (4.66). Results have been prepared on a liquidation basis rather than a going concern basis, and an asset revaluation surplus of Rs. 3,710.77 lakhs has been booked as Capital Reserve. The Liquidator has completed the e-auction of 138.25 acres of land, factory building, plant and machinery, and other assets on 23 January 2026, issued a Letter of Intent on 3 February 2026, and realized the sale proceeds on 6 February 2026. The auditor issued an unmodified review report with an Emphasis of Matter paragraph drawing attention to the liquidation and suspension of trading on BSE from 24 November 2025.
Hemadri Cements shares are already suspended from BSE trading since 24 November 2025 and the company is winding up through voluntary liquidation, so shareholders should expect any returns to come only from the liquidation distribution process rather than from ongoing business earnings. The narrowed losses and asset sale proceeds being realized are positive for the eventual payout to shareholders, but the stock is illiquid and no longer reflects a going-concern valuation.