Hemadri Cements Ltd — Board Meeting, 03-05-2025: Board Meeting

Hemadri Cements has announced a board meeting on which it approved the financial results for the quarter and half-year. The company reported a net loss of Rs 27.06 Cr for the year, continuing its losses since FY22-23, with net worth fully eroded as of March 2025. Operations were temporarily suspended in August 2024 due to adverse market conditions and high production costs. Management is working on strategic measures including cost reduction and capacity enhancement. The company received Rs 19.28 Cr borrowings from group companies to support liquidity. Audit report issued an unmodified opinion, and the company appointed a new Company Secretary and an additional director.