Hemadri Cements Limited announced the demise of its Director, Mr. Gopalsamy Rajan, on June 18, 2026. The company, which is currently undergoing voluntary liquidation effective July 14, 2025, informed the stock exchanges regarding the event. The Board of Directors and employees expressed their condolences to the bereaved family.

The intimation was submitted to BSE Limited pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was also made in accordance with SEBI Circular No: CIR/CFD/CMD/4/2015 dated September 9, 2015.

Mr. Gopalsamy Rajan had been associated with Hemadri Cements Limited since 2021. The company acknowledged his significant contribution to its growth and development during his tenure.

Details of the Event

The following table outlines the specific details regarding the change in directorship as disclosed in the regulatory filing:

The filing was signed by Sivasamy Raju, Director, on behalf of Hemadri Cements Limited. The liquidator's office is located in Chennai, and the company's Corporate Identity Number (CIN) is L26942AP1981PLC002995.

Hemadri Cements Limited has reported a net loss of ₹508.42 lakh for the financial year ended March 31, 2026, following the approval of its audited financial results by the Board of Directors. The company, which is under voluntary liquidation effective July 14, 2025, recorded a total income of ₹896.46 lakh for the year, a decrease from ₹906.02 lakh in the previous year. The results were approved during an adjourned board meeting held on May 29, 2026, after the original meeting on May 22, 2026, was adjourned due to a lack of quorum.

Financial Performance

The company reported a net profit of ₹270.54 lakh for the quarter ended March 31, 2026, driven primarily by other income of ₹828.97 lakh. For the full year, a net tax expense of ₹381.75 lakh was recorded. The basic and diluted earnings per share (EPS) for the year stood at (₹7.62), compared to (₹40.57) in the previous year. The financial statements have been prepared on a liquidation basis rather than a going concern basis due to the ongoing liquidation proceedings under the Insolvency and Bankruptcy Code, 2016.

Asset Sale and Realisation

During the liquidation process, the company successfully sold assets aggregating 138.35 acres of land, including the factory building and plant and machinery. The sale, conducted via e-auction on January 23, 2026, realised ₹4,277.00 lakh, significantly higher than the estimated value of ₹3,471.13 lakh. Consequently, a surplus of ₹805.87 lakh was transferred to the Statement of Profit and Loss. Additionally, a revaluation reserve of ₹3,710.77 lakh was recognised based on the excess of estimated realisable value over the carrying value of assets.

Auditor's Report and Compliance

M/s. S B S B and Associates, the statutory auditors, issued an unmodified opinion on the audited financial results. The auditors drew attention to the commencement of the voluntary liquidation process and the suspension of trading of the company's equity shares on the BSE effective November 24, 2025. The trading window for the company's securities remains closed until 48 hours after the declaration of the financial results.

Financial Position

As of March 31, 2026, the company's total assets stood at ₹3,545.90 lakh, a substantial increase from ₹2,434.63 lakh in the previous year. This increase is largely attributed to the cash inflows from the asset sales. Equity improved to ₹2,821.93 lakh from a negative equity of (₹380.41 lakh) in the prior year, reflecting the impact of the revaluation reserve and profit for the period. The cash and cash equivalents at the end of the year were ₹241.13 lakh.