Hemadri Cements Limited (BSE: 502133) reported a net loss of ₹60.08 lakh for the quarter ended June 30, 2026, narrowing significantly from the ₹286.56 lakh loss posted in the corresponding period of FY25. The cement manufacturer, which has been under voluntary liquidation since July 14, 2025, recorded zero revenue from operations as it winds down its business activities.

The financial results were prepared on a liquidation basis rather than a going concern basis, reflecting the ongoing asset realization process. Equity shares of the company have been suspended from trading on the Bombay Stock Exchange since November 24, 2025.

Financial Performance

The company’s total income for the quarter stood at ₹7.36 lakh, derived entirely from other income sources. This compares to ₹39.96 lakh in total income for the same quarter last year. Total expenses came in at ₹67.44 lakh, driven primarily by power and fuel costs of ₹28.43 lakh and other expenses of ₹39.01 lakh.

Earnings per share (EPS) stood at a loss of ₹0.90 per equity share, an improvement from the ₹4.30 loss per share recorded in Q1FY25. For the full fiscal year ended March 31, 2026, the company reported a net loss of ₹508.42 lakh.

Liquidation Progress

The voluntary liquidation process has seen active steps toward asset realization and creditor settlement. During December 2025, the valuation exercise was completed, and part of the assets were e-auctioned in accordance with the Insolvency and Bankruptcy Code, 2016. Proceeds from these sales were used to distribute funds to creditors based on their admitted claims in February 2026.

In July 2026, the liquidator initiated the process of interim distribution to equity shareholders at face value (₹10 per share). The liquidator continues to e-auction the remaining assets of the company to maximize recovery for stakeholders.

What the Numbers Show

The drastic reduction in total expenses—from ₹326.52 lakh in Q1FY25 to ₹67.44 lakh in Q1FY26—highlights the operational wind-down. With zero revenue from operations and minimal employee benefit expenses (₹0 lakh vs ₹65.66 lakh in the prior year), the company is effectively ceasing core business activities. The current losses are primarily driven by residual overheads such as power, fuel, and administrative costs associated with maintaining the entity during liquidation, rather than operational deficits.

Hemadri Cements Limited, currently under voluntary liquidation effective from July 14, 2025, has scheduled its 44th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The company’s Board of Directors approved the date and mode of the meeting during its session held on August 13, 2026.

The AGM will commence at 11:00 am and will be conducted exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM), as per regulatory guidelines for corporate governance during liquidation proceedings.

Voting and Record Dates

Shareholders holding equity shares as of the cut-off date will be eligible to vote. The company has fixed Tuesday, September 22, 2026, as the cut-off date for determining voting rights.

The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026, inclusive, to facilitate the preparation of the register for the AGM.

Remote e-voting facility will be available to shareholders. The voting window opens at 10:00 am on Saturday, September 26, 2026, and closes at 5:00 pm on Monday, September 28, 2026. This process aligns with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Liquidator Details

S. Rajendran serves as the liquidator for Hemadri Cements Limited. The liquidator’s office is located at the second floor of Hari Krupa, 71/1, McNicholas Road (Off. Poonamalle High Road), Chetpet, Chennai - 600 031. Stakeholders may contact the office via phone at 044-2836 1636 or email at vlphemadricements@gmail.com .

The company’s Corporate Identity Number (CIN) is L26942AP1981PLC002995. The scrip code is 502133 and the ISIN is INE07BK01011.