Hemadri Cements Limited (BSE: 502133) reported a net loss of ₹60.08 lakh for the quarter ended June 30, 2026, marking a significant shift from the net profit of ₹270.54 lakh posted in the previous quarter. The company, which has been in voluntary liquidation since July 14, 2025, recorded zero revenue from operations, reflecting the cessation of its core cement business activities.

The financial results were prepared on a liquidation basis rather than a going concern basis, as mandated by the ongoing proceedings under the Insolvency and Bankruptcy Code, 2016. Equity shares of the company were suspended from trading on the Bombay Stock Exchange on November 24, 2025.

Financial Performance

Total income for the quarter stood at ₹7.36 lakh, derived entirely from other income, compared to ₹828.97 lakh in the quarter ended March 31, 2026. The sharp decline in income coincided with total expenses of ₹67.44 lakh, primarily driven by power and fuel costs of ₹28.43 lakh and other expenses of ₹39.01 lakh.

In the prior quarter, the company had recognized a substantial tax expense of ₹381.75 lakh, which contributed to the lower net profit despite higher pre-tax profits. No tax expense was recorded for the current quarter.

Liquidation Progress

The voluntary liquidation process commenced with effect from July 14, 2025. During December 2025, the valuation exercise was completed, and part of the assets were e-auctioned. Proceeds from these auctions were used to distribute funds to creditors against their admitted claims in February 2026.

According to Note 3 of the financial statement, the liquidator initiated the process of interim distribution to equity shareholders at face value (₹10 per share) in July 2026. The liquidator is currently in the process of e-auctioning the remaining assets of the company.

What the Numbers Show

The divergence between the high other income in Q4 FY26 (₹828.97 lakh) and the negligible figure in Q1 FY27 (₹7.36 lakh) suggests that the prior quarter’s profitability was driven by non-recurring liquidation-related gains or asset sales, rather than operational cash flows. With zero operating revenue and continued expenses for power and fuel, the company’s remaining cash reserves are being consumed by the administrative costs of winding down operations.

Hemadri Cements Limited has distributed proceeds of ₹10 per share to its equity shareholders as part of its voluntary liquidation process. The liquidator completed payments totaling ₹72,52,960 to 4,712 shareholders holding shares in demat format on July 20 and July 21, 2026.

The distribution, equivalent to the face value of the shares, was made pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) and the Insolvency and Bankruptcy Code, 2016 (IBC). The intimation was addressed to the Listing Department of the Bombay Stock Exchange.

Distribution Details

The payments were processed through NEFT and RTGS modes. The following table details the distribution:

Instructions for Physical Shareholders

Shareholders holding shares in physical format have been instructed to update or notify any changes in their postal address, email address, and bank account details to the Registrar and Transfer Agent (RTA) of the company. This step is necessary to facilitate the release of payouts to these shareholders.

Contact Information

The RTA, CAMEO Corporate Services Limited, can be contacted via their website Wisdom.cameoindia.com or at their office in Subramanian Building, Chennai. The liquidator's office, managed by Mr. K. Raghu, is located at Hari Krupa, Chetpet, Chennai, and can be reached via email at vlphemadricements@gmail.com or by phone.