Outcome of Board Meeting held on 14.11.2025
Awaiting price reaction for this filing.
The Board of Hemadri Cements Ltd approved the unaudited financial results for the quarter and six months ended 30 September 2025. The company is under voluntary liquidation under the IBC, approved by shareholders on 14 July 2025, after its operations were shut down in August 2024 due to continuous losses since FY23. Revenue from operations for Q2 FY26 was nil, with only Rs 23.24 lakhs in other income, and the company reported a net loss of Rs 181.48 lakhs for the quarter and Rs 468.04 lakhs for H1 FY26 (vs. Rs 794.62 lakhs revenue and Rs 1,321.41 lakhs loss in H1 FY25). The auditor included an Emphasis of Matter noting that valuation of assets by independent valuers is in progress, and management believes realisable value of assets will exceed liabilities, so accounts are prepared on a going-concern basis. The balance sheet shows negative equity of Rs 848.46 lakhs against borrowings of Rs 2,947.22 lakhs, and operating cash outflow of Rs 936.68 lakhs for H1.
This is effectively a winding-up story – shareholders are waiting for asset valuation and liquidation proceeds rather than business recovery. With nil operations, mounting losses, negative equity, and no fresh revenue, the stock has minimal upside from operations and value depends entirely on what the liquidator ultimately recovers from asset sales.