EID Parry India Limited has informed the Exchange about Sale or disposal
EIDPARRY · price
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EID Parry India Limited has completed the dissolution of its wholly owned subsidiary Alimtec S.A., effective September 22, 2025. This follows the Board's earlier approval from August 9, 2023 to sell assets and wind up the foreign subsidiary. Alimtec S.A. had already shut down all operations since March 20, 2023 and contributed zero revenue or income to the parent company during the last financial year. No consideration was received since this was a dissolution rather than a sale, with no buyer or related party involved.
Minimal impact on shareholders — the subsidiary was dormant and non-revenue-generating since March 2023, so this is essentially a clean-up of an inactive overseas entity with no material effect on financials or stock price.