The Board of Andhra Pradesh-based Hemadri Cements is likely to consider viability of operations and examine the proposal for Voluntary Liquidation of the Company under Section 59 of the Insolvency and Bankruptcy Code, 2016, in a meeting of Board of Directors to be held on 18 June 2025, the company informed the exchanges on 14 June 2025.
Hemadri Cements has temporarily suspended the productions during in 2024. According to the company’s annual report for 2024-25, the significant shift in market demand led to an excess inventory, requiring a pause in production to prevent overstocking and financial strain. In addition to it, the shortages in raw materials, delays in shipments, or other logistical issues contributed to a…
