Outcome Of Board Meeting held on 29th May 2026
Awaiting price reaction for this filing.
Hemadri Cements Limited, which is in voluntary liquidation since 14 July 2025, held an adjourned board meeting on 29 May 2026 and approved its audited financial results. The company reported a net loss of Rs. 508.42 lakhs for FY2026, significantly improved from a loss of Rs. 2,705.90 lakhs in the previous year. Total income was Rs. 896.46 lakhs. Key liquidation progress includes an e-auction on 23 January 2026 that realised Rs. 4,277 lakhs from sale of 138.25 acres of land along with factory, plant, machinery and other assets. The valuation by IBBI-registered valuers was completed in December 2025, creating a revaluation reserve of Rs. 4,710.77 lakhs. The company has distributed amounts to creditors and is now processing distributions to equity shareholders. Shares remain suspended from BSE trading since 24 November 2025.
This is a liquidation scenario - the company has ceased operations and is distributing remaining assets to stakeholders. Shareholders will receive residual value after creditor claims are settled, but this will be significantly below the original investment value as cement manufacturing assets have already been sold.