Successful Bidding of E-Auction
Awaiting price reaction for this filing.
Hemadri Cements Limited, which is currently under voluntary liquidation (effective 14 July 2025), has successfully sold its properties through an E-Auction held on 23 January 2026. The assets were listed in a sale notice and process memorandum dated 26 December 2025. A letter of intent has been issued to the successful bidder to pay the balance sale consideration. The company has not disclosed the name of the buyer or the final sale amount in this filing.
This marks a key step in the company's wind-down process as liquidation proceeds. Shareholders may see proceeds distributed once the sale is completed and liabilities are settled, but there is no positive operating outlook since the company is shutting down.