Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 -Proceedings of 43rd Annual General Meeting of the Company.
Awaiting price reaction for this filing.
Hemadri Cements Limited held its 43rd Annual General Meeting on July 14, 2025, via video conferencing from 3:00 PM to 3:50 PM. Five resolutions were tabled, including adoption of audited financial statements for FY ended March 31, 2025, reappointment of a director retiring by rotation, and appointment of a new Non-Executive/Non-Independent Director. Shareholders also considered appointing M/s. S. Dhanapal & Associates LLP as secretarial auditors for five years. Most notably, a Special Resolution was placed before shareholders to approve the voluntary liquidation of the company and appointment of a liquidator. Remote e-voting was open from July 11 to July 13, 2025, with voting results to be announced by the scrutinizer within 48 hours of the meeting's conclusion.
The key item is the proposed voluntary liquidation of the company through a Special Resolution, which, if approved by shareholders, would lead to winding up of Hemadri Cements and distribution of assets. This is a material, potentially terminal development for shareholders and could significantly impact the stock's valuation and future trading on BSE.