Submission of Scrutinizer Report under REGULATION 44 OF SEBI LODR.
Awaiting price reaction for this filing.
Hemadri Cements held its 43rd AGM on 14 July 2025 via video conferencing, where 5 resolutions were put to vote. All 5 resolutions passed with 100% approval and zero votes against, with 62.39% of total shares (41.61 lakh out of 66.70 lakh) participating in the voting. Routine resolutions included adoption of FY25 financial statements, reappointment of a retiring director, appointment of a new non-executive director, and appointment of the secretarial auditor for 5 years. The most significant resolution was the approval of voluntary liquidation of the company and appointment of a liquidator, passed as a special resolution with unanimous support. The scrutinizer, M/s. S Dhanapal & Associates LLP, confirmed the e-voting was conducted fairly and transparently.
This is a critical event for shareholders — the company has approved voluntary liquidation, meaning the cement business will be wound up and the stock will eventually be delisted. Shareholders will be entitled to receive their share of any remaining proceeds after all liabilities are settled, but the future of the stock price is now tied entirely to the liquidation process and the final value recoverable for shareholders.