Intimation under Reg. 30 of SEBI (LODR) Regulation, 2015 w.r.t. Strike-off of Dev Labtech Venture Inc. (USA), a Wholly Owned Subsidiary Company.
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Dev Labtech Venture Ltd has informed BSE that its Board of Directors approved the strike-off of its wholly owned US subsidiary, Dev Labtech Venture Inc. (USA), on 22 January 2026. The US subsidiary had no business operations since its incorporation, contributing nil turnover, revenue, income, or net worth to the parent company. The strike-off process is expected to take approximately 4 to 5 months, subject to approval from relevant US regulatory authorities. No consideration is involved since this is a strike-off rather than a sale or disposal. The company is listed on the BSE SME platform (Scrip Code: 543848).
This is a non-material, housekeeping action since the US subsidiary never had any operations or contributed to revenue or net worth. Shareholders should not expect any financial impact, and the stock price is unlikely to be affected meaningfully.