CARYSIL LIMITED has informed the Exchange about General Updates
CARYSIL · price
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Awaiting price reaction for this filing.
Carysil Limited has deregistered its wholly owned Turkish subsidiary, Carysil Ankastre Sistemleri Ticaret Limited Şirket, effective March 4, 2026, following approval from the Istanbul Trade Registry Directorate. The subsidiary was set up to sell kitchen sinks and allied products in Turkey but became unviable due to market challenges, economic instability, geopolitical conditions, and continuous losses. The company had invested only USD 300 as equity and extended a USD 84,000 loan, and Carysil Turkey contributed 0% of revenue and just -0.13% to net worth. The investment and loan may be written off in due course, subject to RBI/FEMA approvals, and the full liquidation process is expected to take 3–4 more months.
This is a non-material event for shareholders — the Turkish unit was a negligible contributor (0% revenue, marginally negative net worth) and the closure is not expected to impact the company's consolidated financial performance. The stock price is unlikely to react meaningfully to this news.