Outcome of Board Meeting - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Voluntary Liquidation of Foreign Subsidiary
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Bilcare Limited's Board of Directors, at a meeting on July 21, 2025, approved the voluntary liquidation of its wholly owned UK subsidiary, Bilcare GCS Limited, under the laws of England and Wales. The subsidiary is not classified as a material subsidiary and contributed only INR 11.88 lacs to total consolidated turnover in FY2024-25, representing just 0.02% of consolidated revenue. The liquidation process is currently underway, and any consideration from the disposal will be received upon completion. No buyer or related party transaction is involved in this winding-up.
This is a minor corporate housekeeping step involving a non-material, near-zero revenue foreign subsidiary, so it is unlikely to have any meaningful impact on the company's financials or stock price.