Carborundum Universal Limited has informed the Exchange about voluntary de-registration of a step-down foreign subsidiary.
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Carborundum Universal Limited (CUMI) has voluntarily deregistered its step-down wholly owned subsidiary, CUMI Europe s.r.o., based in Czech Republic, effective December 31, 2025. The subsidiary was originally set up for marketing activities in Europe but has been non-operational since 2018. No consideration is involved as this is a deregistration, not a sale. The entity was a dormant marketing arm and contributed negligibly to the company's turnover, net worth, or operations.
This is a routine housekeeping exercise with no material financial impact on shareholders — the subsidiary has been inactive for over 7 years and its closure simplifies the corporate structure without affecting CUMI's core business operations.