Description
BSE suspends trading in Hemadri Cements Ltd. (Scrip Code 502133) effective November 24, 2025, following commencement of voluntary liquidation proceedings under IBC 2016.
Summary
BSE has announced the suspension of trading in equity shares of Hemadri Cements Limited (Scrip Code: 502133) effective Monday, November 24, 2025. The suspension follows the company’s initiation of voluntary liquidation proceedings under Section 59 of the Insolvency & Bankruptcy Code, 2016, with the appointment of Mr. S. Rajendran as the Liquidator.
Key Points
- Trading in Hemadri Cements Limited equity shares will be suspended from November 24, 2025
- Company has initiated voluntary liquidation process under Section 59 of IBC 2016
- Mr. S. Rajendran has been appointed as the Liquidator
- Scrip Code: 502133
- Notice issued by BSE on November 22, 2025
Regulatory Changes
No regulatory framework changes. This action is taken pursuant to existing provisions under the Insolvency & Bankruptcy Code, 2016.
Compliance Requirements
- Trading members must note the suspension and cease all trading activities in Hemadri Cements Limited shares from November 24, 2025
- All market participants should update their systems to reflect the trading suspension
- Investors holding shares should consult with the appointed Liquidator regarding the liquidation process
Important Dates
- November 22, 2025: Notice issued by BSE
- November 24, 2025: Trading suspension effective date
Impact Assessment
Market Impact: Complete halt of secondary market trading for Hemadri Cements Limited shares. Existing shareholders will be unable to exit positions through stock exchange transactions.
Investor Impact: High severity for current shareholders as trading suspension eliminates liquidity. Shareholders’ interests will now be governed by the voluntary liquidation process under IBC 2016, with distributions based on liquidation proceeds and creditor hierarchy.
Operational Impact: BSE trading infrastructure will block all orders for scrip code 502133. Brokers and trading members must update compliance systems to prevent inadvertent order placement.
Impact Justification
Complete trading suspension due to voluntary liquidation represents maximum severity event for shareholders with immediate effect on November 24, 2025.