EID Parry India Limited has informed the Exchange about Sale or disposal
EIDPARRY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
EID Parry India has informed the exchanges that its wholly owned subsidiary, Alimtec S.A., has been formally dissolved with effect from September 22, 2025. This follows the Board's earlier approval in August 2023 to sell assets and dissolve the subsidiary. Alimtec S.A. had already ceased all operations since March 20, 2023, and contributed no revenue or income to the company during the last financial year. No consideration was received, no buyer was involved, and the transaction does not qualify as a related party transaction or slump sale. The filing is essentially a formal closure/wind-up of a non-operational overseas subsidiary.
Minimal impact on shareholders or stock price, as Alimtec S.A. was already non-operational and contributed nothing to the company's revenues or net worth. This is an administrative cleanup of a defunct entity and streamlines the corporate structure.