Unaudited Financial Results For Quarter Ended June 30 2025 Along With Limited Review Report.
Awaiting price reaction for this filing.
Hemadri Cements Limited has submitted its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company is now under voluntary liquidation effective July 14, 2025, after shareholders approved the process at the AGM. Manufacturing operations were already stopped in August 2024 due to continuous cost pressures and mounting operational losses since FY 2022-23. A liquidator (Mr. Rajendran Shanmugham) has been appointed under the Insolvency and Bankruptcy Code, 2016, and valuation of assets is currently underway. The statutory auditor issued a limited review report with an Emphasis of Matter paragraph highlighting the liquidation decision, but did not modify their conclusion. The management continues to prepare accounts on a going concern basis, believing realisable asset values will exceed liabilities.
This is a significant adverse event for shareholders — the company has effectively ceased operations and entered voluntary liquidation, meaning equity holders are unlikely to recover meaningful value. The stock is likely to be illiquid or face delisting action. Existing shareholders should watch for updates on asset valuation and distribution timelines from the liquidator.